PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,400 shares of the business services provider’s stock after selling 8,800 shares during the period. Swiss National Bank owned approximately 0.20% of PRA Group worth $2,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PRAA. Wellington Management Group LLP boosted its position in PRA Group by 12.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,884,085 shares of the business services provider’s stock valued at $74,613,000 after buying an additional 425,505 shares during the last quarter. UBS Group AG increased its holdings in PRA Group by 3,462.8% during the 3rd quarter. UBS Group AG now owns 963,521 shares of the business services provider’s stock worth $18,509,000 after purchasing an additional 936,477 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of PRA Group by 14.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 588,577 shares of the business services provider’s stock valued at $11,307,000 after purchasing an additional 75,894 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of PRA Group by 42.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 450,193 shares of the business services provider’s stock valued at $8,648,000 after buying an additional 133,774 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its position in shares of PRA Group by 1.2% during the third quarter. Chartwell Investment Partners LLC now owns 415,077 shares of the business services provider’s stock worth $7,974,000 after buying an additional 5,102 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

PRA Group Trading Up 0.1 %

PRAA stock opened at $21.74 on Friday. The firm has a market cap of $855.47 million, a P/E ratio of -40.26 and a beta of 1.47. The stock’s 50 day simple moving average is $24.64 and its 200 day simple moving average is $23.43. PRA Group, Inc. has a 12-month low of $11.85 and a 12-month high of $31.43.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Monday, May 6th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.24. PRA Group had a negative net margin of 2.37% and a negative return on equity of 1.76%. The company had revenue of $255.59 million for the quarter, compared to the consensus estimate of $233.37 million. During the same period last year, the firm posted ($1.50) EPS. The company’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, research analysts forecast that PRA Group, Inc. will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling at PRA Group

In other news, CEO Vikram A. Atal sold 5,830 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $24.39, for a total transaction of $142,193.70. Following the sale, the chief executive officer now directly owns 155,625 shares in the company, valued at approximately $3,795,693.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

PRAA has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price target on shares of PRA Group in a report on Tuesday, May 7th. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a research note on Friday.

PRA Group Profile

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.