PRA Group (PRAA) to Release Quarterly Earnings on Wednesday

Company Overview - PRA Group, Inc is a global specialty finance company focused on acquiring and managing nonperforming loans, founded in 1996 as Portfolio Recovery Associates [4] - The company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities, and other creditors [4] - PRA Group's core activities include first-party and third-party collections across various asset classes such as credit cards, auto loans, and utility receivables [5] Stock Performance - Shares of PRA Group (NASDAQ: PRAA) opened at $11.35, with a market cap of $442.82 million [1] - The stock has a 50-day simple moving average of $16.04 and a 200-day simple moving average of $15.76 [1] - The stock has experienced a 12-month low of $10.99 and a high of $23.97 [1] Analyst Ratings - Truist Financial lowered its price target on PRA Group from $33.00 to $26.00 while maintaining a "buy" rating [2] - Citigroup downgraded PRA Group from "outperform" to "market perform" [2] - The average rating for PRA Group is currently "Hold" with an average price target of $25.00 [2] Institutional Investment - Tower Research Capital LLC increased its position in PRA Group by 375.1% in the second quarter, now owning 4,784 shares valued at $71,000 [3] - Other institutional investors, including Globeflex Capital L P and iSAM Funds UK Ltd, have also acquired new positions in PRA Group, with investments ranging from approximately $102,000 to $160,000 [3] - 97.22% of PRA Group's stock is currently owned by institutional investors and hedge funds [3]