American Century Companies Inc. Grows Position in PRA Group, Inc. (NASDAQ:PRAA)

American Century Companies Inc. raised its position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 49.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,574 shares of the business services provider's stock after purchasing an additional 37,969 shares during the period. American Century Companies Inc. owned about 0.29% of PRA Group worth $2,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in PRAA. Janney Montgomery Scott LLC purchased a new position in shares of PRA Group during the fourth quarter valued at $753,000. Barclays PLC increased its position in PRA Group by 55.0% during the 3rd quarter. Barclays PLC now owns 117,053 shares of the business services provider's stock valued at $2,618,000 after purchasing an additional 41,525 shares during the period. Jane Street Group LLC raised its holdings in shares of PRA Group by 92.8% in the 3rd quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider's stock valued at $1,982,000 after purchasing an additional 42,656 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of PRA Group by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider's stock worth $1,676,000 after purchasing an additional 21,476 shares during the period. Finally, Global Alpha Capital Management Ltd. boosted its stake in shares of PRA Group by 4.3% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider's stock valued at $39,607,000 after purchasing an additional 78,200 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

PRA Group Stock Performance

NASDAQ:PRAA traded up $0.06 during trading hours on Friday, reaching $16.72. The company's stock had a trading volume of 638,918 shares, compared to its average volume of 243,084. The stock has a 50 day moving average price of $20.66 and a two-hundred day moving average price of $21.09. The company has a market capitalization of $660.61 million, a P/E ratio of 9.34 and a beta of 1.52. PRA Group, Inc. has a 12 month low of $15.94 and a 12 month high of $28.64.

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

About PRA Group

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.