Bloombergsen Lowers stake in Pra Group Inc (PRAA)

Pra Group Inc (PRAA) : Bloombergsen reduced its stake in Pra Group Inc by 9.92% during the most recent quarter end. The investment management company now holds a total of 1,918,060 shares of Pra Group Inc which is valued at $50.1 Million after selling 211,283 shares in Pra Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Pra Group Inc makes up approximately 5.73% of Bloombergsen’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in PRAA in the latest quarter, The investment management firm added 7,303 additional shares and now holds a total of 3,652,732 shares of Pra Group Inc which is valued at $95.3 Million. Pra Group Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio.King Luther Capital Management Corp reduced its stake in PRAA by selling 62,832 shares or 37.74% in the most recent quarter. The Hedge Fund company now holds 103,650 shares of PRAA which is valued at $2.7 Million. Pra Group Inc makes up approx 0.03% of King Luther Capital Management Corp’s portfolio. Gsa Capital Partners Llp sold out all of its stake in PRAA during the most recent quarter. The investment firm sold 15,407 shares of PRAA which is valued $402,123.Blackrock Advisors boosted its stake in PRAA in the latest quarter, The investment management firm added 1,416 additional shares and now holds a total of 22,304 shares of Pra Group Inc which is valued at $582,134.Capital Management Corp Va boosted its stake in PRAA in the latest quarter, The investment management firm added 34,490 additional shares and now holds a total of 118,125 shares of Pra Group Inc which is valued at $3.7 Million. Pra Group Inc makes up approx 1.45% of Capital Management Corp Va’s portfolio.

Pra Group Inc opened for trading at $26.93 and hit $27.49 on the upside on Wednesday, eventually ending the session at $27.2, with a gain of 1.19% or 0.32 points. The heightened volatility saw the trading volume jump to 4,36,595 shares. Company has a market cap of $1,260 M.

On the company’s financial health, Pra Group Inc reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.93. The company had revenue of $224.88 million for the quarter, compared to analysts expectations of $236.03 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on Pra Group Inc. Pra Group Inc was Downgraded by Raymond James to ” Outperform” on May 10, 2016. Pra Group Inc was Downgraded by JMP Securities to ” Mkt Perform” on Feb 26, 2016.

PRA Group Inc. (PRA Group) formerly Portfolio Recovery Associates Inc. and its subsidiaries is a financial and business service company. The Company’s primary business is the purchase collection and management of portfolios of defaulted consumer receivables. These are the unpaid obligations of individuals to credit originators which include banks credit unions consumer and auto finance companies and retail merchants. The Company also provides feebased services including vehicle location skip tracing and collateral recovery services for auto lenders Governments and law enforcement through PRA Location Services LLC (PLS) revenue administration audit and debt discovery or recovery services for local Government entities through PRA Government Services LLC and MuniServices LLC (PGS) and class action claims recovery services and related payment processing through Claims Compensation Bureau LLC (CCB).

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