Russell Investments Group Ltd. acquired a new stake in PRA Group, Inc. (NASDAQ:PRAA – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 48,328 shares of the business services provider’s stock, valued at approximately $1,633,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd lifted its stake in shares of PRA Group by 38.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider’s stock worth $47,000 after acquiring an additional 290 shares during the period. Captrust Financial Advisors lifted its stake in shares of PRA Group by 15.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,387 shares of the business services provider’s stock worth $87,000 after acquiring an additional 317 shares during the period. IFP Advisors Inc lifted its stake in shares of PRA Group by 28.3% in the 3rd quarter. IFP Advisors Inc now owns 1,597 shares of the business services provider’s stock worth $74,000 after acquiring an additional 352 shares during the period. Stephens Inc. AR lifted its stake in shares of PRA Group by 10.3% in the 3rd quarter. Stephens Inc. AR now owns 4,625 shares of the business services provider’s stock worth $152,000 after acquiring an additional 430 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of PRA Group by 12.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,755 shares of the business services provider’s stock worth $194,000 after acquiring an additional 641 shares during the period.
Analyst Ratings Changes
PRAA has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of PRA Group in a research note on Thursday, May 18th. They issued a “hold” rating for the company. TheStreet cut shares of PRA Group from a “b-” rating to a “c+” rating in a research note on Tuesday, May 2nd. Truist Financial reduced their price objective on shares of PRA Group from $50.00 to $42.00 in a research note on Tuesday, May 9th. Finally, JMP Securities reduced their price objective on shares of PRA Group from $50.00 to $42.00 in a research note on Tuesday, May 9th.
Insiders Place Their Bets
PRA Group Stock Up 7.5 %
Shares of NASDAQ PRAA opened at $20.31 on Wednesday. PRA Group, Inc. has a 52 week low of $17.74 and a 52 week high of $43.34. The firm has a 50-day moving average price of $33.87 and a 200 day moving average price of $35.70. The stock has a market capitalization of $795.54 million, a price-to-earnings ratio of 45.13 and a beta of 1.16.
PRA Group (NASDAQ:PRAA – Get Rating) last announced its quarterly earnings data on Monday, May 8th. The business services provider reported ($1.50) EPS for the quarter, missing the consensus estimate of $0.45 by ($1.95). The company had revenue of $155.50 million during the quarter, compared to analyst estimates of $223.52 million. PRA Group had a net margin of 2.10% and a return on equity of 1.50%. The firm’s revenue for the quarter was down 35.4% on a year-over-year basis. During the same quarter last year, the business earned $0.97 EPS. Equities research analysts expect that PRA Group, Inc. will post -0.92 EPS for the current fiscal year.
PRA Group Company Profile
PRA Group, Inc engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States.
- Get a free copy of the StockNews.com research report on PRA Group (PRAA)
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