Genesee Valley Trust Co Lowers stake in Pra Group Inc (PRAA)

Pra Group Inc (PRAA) : Genesee Valley Trust Co reduced its stake in Pra Group Inc by 3.55% during the most recent quarter end. The investment management company now holds a total of 35,969 shares of Pra Group Inc which is valued at $1,215,752 after selling 1,323 shares in Pra Group Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Pra Group Inc makes up approximately 0.79% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , Nexus Investment Management boosted its stake in PRAA in the latest quarter, The investment management firm added 33,450 additional shares and now holds a total of 404,800 shares of Pra Group Inc which is valued at $13,682,240. Pra Group Inc makes up approx 2.53% of Nexus Investment Management’s portfolio. Advisory Services Network sold out all of its stake in PRAA during the most recent quarter. The investment firm sold 36 shares of PRAA which is valued $1,231.Bnp Paribas Arbitrage Sa reduced its stake in PRAA by selling 7,434 shares or 50.02% in the most recent quarter. The Hedge Fund company now holds 7,427 shares of PRAA which is valued at $258,385.Eqis Capital Management boosted its stake in PRAA in the latest quarter, The investment management firm added 1,293 additional shares and now holds a total of 20,442 shares of Pra Group Inc which is valued at $711,177. Pra Group Inc makes up approx 0.04% of Eqis Capital Management’s portfolio.

Pra Group Inc closed down -0.3 points or -0.88% at $33.8 with 2,69,837 shares getting traded on Tuesday. Post opening the session at $34.75, the shares hit an intraday low of $33.1 and an intraday high of $34.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Pra Group Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.81. The company had revenue of $228.50 million for the quarter, compared to analysts expectations of $226.41 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.06 EPS.

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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