Envestnet Asset Management Inc. Buys 3,787 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Envestnet Asset Management Inc. grew its holdings in shares of PRA Group, Inc. (NASDAQ:PRAAGet Rating) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,809 shares of the business services provider’s stock after purchasing an additional 3,787 shares during the quarter. Envestnet Asset Management Inc.’s holdings in PRA Group were worth $1,484,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PRAA. Group One Trading L.P. increased its position in shares of PRA Group by 106.7% during the 1st quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 11,133 shares during the last quarter. Point72 Hong Kong Ltd increased its position in shares of PRA Group by 38.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 290 shares during the last quarter. Captrust Financial Advisors increased its position in shares of PRA Group by 56.6% during the 1st quarter. Captrust Financial Advisors now owns 2,070 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 748 shares during the last quarter. KBC Group NV purchased a new stake in shares of PRA Group during the 2nd quarter valued at $133,000. Finally, Profund Advisors LLC increased its position in shares of PRA Group by 24.3% during the 1st quarter. Profund Advisors LLC now owns 6,039 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 1,181 shares during the last quarter.

PRA Group Stock Performance

Shares of PRAA opened at $33.86 on Monday. The business has a 50-day moving average of $33.03 and a 200 day moving average of $36.00. PRA Group, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $51.00. The firm has a market cap of $1.32 billion, a P/E ratio of 10.26 and a beta of 1.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PRAA shares. JMP Securities decreased their target price on PRA Group from $52.00 to $47.00 and set a “market outperform” rating for the company in a research report on Friday, October 7th. StockNews.com started coverage on PRA Group in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

PRA Group Company Profile

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PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Australia, and Europe. 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.

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Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

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