2 weeks Ago By ABMN Staff
Intech Investment Management LLC acquired a new position in PRA Group, Inc. ( NASDAQ:PRAA – Free Report ) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,961 shares of the business services provider’s stock, valued at approximately $235,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of PRA Group by 11.
9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,931 shares of the business services provider’s stock worth $103,000 after purchasing an additional 419 shares in the last quarter.
Texas Permanent School Fund Corp increased its stake in shares of PRA Group by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 34,176 shares of the business services provider’s stock worth $891,000 after purchasing an additional 504 shares in the last quarter.
Quest Partners LLC increased its stake in shares of PRA Group by 14.2% in the 2nd quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock worth $200,000 after purchasing an additional 1,267 shares in the last quarter.
nVerses Capital LLC increased its stake in shares of PRA Group by 700.0% in the 2nd quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,400 shares in the last quarter.
Finally, Quadrature Capital Ltd increased its stake in PRA Group by 10.7% in the 1st quarter. Quadrature Capital Ltd now owns 19,167 shares of the business services provider’s stock worth $500,000 after buying an additional 1,846 shares in the last quarter.
97.22% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades PRAA has been the subject of a number of analyst reports.
StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 17th. Truist Financial cut their price target on PRA Group from $42.
00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. PRA Group Stock Performance Shares of PRAA stock opened at $22.
65 on Friday. PRA Group, Inc. has a 52-week low of $11.
85 and a 52-week high of $31.43. The firm has a market capitalization of $892.
86 million, a PE ratio of -41.94 and a beta of 1.49.
The stock has a fifty day simple moving average of $22.69 and a two-hundred day simple moving average of $22.77.
PRA Group ( NASDAQ:PRAA – Get Free Report ) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
08 by $0.46. The firm had revenue of $284.
20 million during the quarter, compared to analyst estimates of $245.04 million. PRA Group had a return on equity of 0.
33% and a net margin of 0.40%. The business’s quarterly revenue was up 35.
9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) earnings per share.
On average, sell-side analysts forecast that PRA Group, Inc. will post 1.33 EPS for the current fiscal year.
Insider Activity In other news, Director Geir Olsen acquired 11,750 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $21.39 per share, for a total transaction of $251,332.
50. Following the completion of the transaction, the director now directly owns 11,750 shares in the company, valued at approximately $251,332.50.
The acquisition was disclosed in a filing with the SEC, which is available through this link . Company insiders own 2.00% of the company’s stock.
About PRA Group ( Free Report ) PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies. Read More Want to see what other hedge funds are holding PRAA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for PRA Group, Inc. ( NASDAQ:PRAA – Free Report ). Receive News & Ratings for PRA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group and related companies with MarketBeat.
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