HighTower Advisors LLC Acquires New Holdings in PRA Group, Inc. (NASDAQ:PRAA)

HighTower Advisors LLC acquired a new stake in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,405 shares of the business services provider's stock, valued at approximately $447,000. HighTower Advisors LLC owned 0.05% of PRA Group at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Intech Investment Management LLC grew its stake in shares of PRA Group by 69.0% during the 3rd quarter. Intech Investment Management LLC now owns 20,211 shares of the business services provider's stock worth $452,000 after acquiring an additional 8,250 shares during the period. FMR LLC lifted its holdings in PRA Group by 55.0% during the third quarter. FMR LLC now owns 1,707 shares of the business services provider's stock valued at $38,000 after purchasing an additional 606 shares during the last quarter. Verition Fund Management LLC bought a new position in PRA Group during the third quarter worth about $303,000. ClearAlpha Technologies LP purchased a new position in shares of PRA Group in the third quarter worth about $294,000. Finally, Centiva Capital LP raised its position in shares of PRA Group by 4.4% in the third quarter. Centiva Capital LP now owns 16,618 shares of the business services provider's stock valued at $372,000 after purchasing an additional 701 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Trading Down 6.7 %

Shares of PRAA stock traded down $1.47 during trading on Thursday, reaching $20.49. 363,690 shares of the company's stock traded hands, compared to its average volume of 233,889. PRA Group, Inc. has a 1 year low of $18.09 and a 1 year high of $28.64. The company has a market capitalization of $809.56 million, a P/E ratio of 11.45 and a beta of 1.64. The firm's 50-day moving average is $21.41 and its 200 day moving average is $21.36.

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PRA Group (NASDAQ:PRAA - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $293.23 million for the quarter, compared to the consensus estimate of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. As a group, sell-side analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

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.