The Manufacturers Life Insurance Company Trims Stock Holdings in Privia Health Group, Inc. (NASDAQ:PRVA)

The Manufacturers Life Insurance Company lowered its position in Privia Health Group, Inc. (NASDAQ:PRVA) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,254 shares of the company’s stock after selling 902 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Privia Health Group were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRVA. Nisa Investment Advisors LLC lifted its stake in Privia Health Group by 107.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,795 shares of the company’s stock valued at $31,000 after buying an additional 930 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Privia Health Group by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 52,200 shares of the company’s stock valued at $907,000 after buying an additional 1,300 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Privia Health Group by 8.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,758 shares of the company’s stock valued at $170,000 after buying an additional 788 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Privia Health Group by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,742 shares of the company’s stock valued at $413,000 after buying an additional 1,653 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its stake in shares of Privia Health Group by 11.5% during the second quarter. Peregrine Capital Management LLC now owns 314,190 shares of the company’s stock worth $5,461,000 after purchasing an additional 32,311 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Privia Health Group Stock Performance

Privia Health Group stock opened at $21.13 on Thursday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 211.30, a price-to-earnings-growth ratio of 5.51 and a beta of 0.82. Privia Health Group, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $24.30. The stock’s fifty day moving average is $19.82 and its two-hundred day moving average is $18.97.

Wall Street Analysts Forecast Growth

PRVA has been the subject of several analyst reports. Barclays upped their price target on Privia Health Group from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Privia Health Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. KeyCorp initiated coverage on Privia Health Group in a research note on Friday, October 11th. They set an “overweight” rating and a $23.00 price target for the company. Truist Financial upped their price target on Privia Health Group from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Robert W. Baird upped their price target on Privia Health Group from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Privia Health Group currently has a consensus rating of “Buy” and a consensus target price of $24.79.

About Privia Health Group

Privia Health Group, Inc operates as a national physician-enablement company in the United States. The company collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering care in-person and virtual settings.