Charles Schwab Investment Management Inc. Sells 79,507 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Charles Schwab Investment Management Inc. trimmed its stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 468,244 shares of the business services provider's stock after selling 79,507 shares during the period. Charles Schwab Investment Management Inc. owned about 1.19% of PRA Group worth $9,782,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of PRA Group by 55.0% during the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider's stock valued at $38,000 after acquiring an additional 606 shares in the last quarter. Centiva Capital LP raised its holdings 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 buying an additional 701 shares during the last quarter. Quarry LP increased its position in PRA Group by 282.6% in the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider's stock valued at $29,000 after acquiring an additional 972 shares in the last quarter. New York State Teachers Retirement System raised its position in PRA Group by 2.7% in the 4th quarter. New York State Teachers Retirement System now owns 64,091 shares of the business services provider's stock worth $1,339,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Point72 DIFC Ltd raised its position in shares of PRA Group by 388.6% during the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider's stock worth $48,000 after acquiring an additional 1,710 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

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PRA Group Stock Performance

PRA Group stock traded down $0.20 during trading hours on Wednesday, reaching $20.73. 156,258 shares of the company's stock traded hands, compared to its average volume of 222,037. PRA Group, Inc. has a fifty-two week low of $18.09 and a fifty-two week high of $28.64. The firm has a market capitalization of $819.04 million, a price-to-earnings ratio of 11.58 and a beta of 1.64. The firm's 50 day moving average is $21.45 and its 200-day moving average is $21.35.

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