Invesco Ltd. Acquires 529,041 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Invesco Ltd. boosted its holdings in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 195.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 799,307 shares of the business services provider's stock after buying an additional 529,041 shares during the quarter. Invesco Ltd. owned 2.03% of PRA Group worth $16,698,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider's stock worth $38,000 after buying an additional 606 shares during the period. KLP Kapitalforvaltning AS acquired a new position in PRA Group in the 4th quarter worth approximately $134,000. Headlands Technologies LLC boosted its stake in PRA Group by 231.3% in the 4th quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock worth $152,000 after purchasing an additional 5,081 shares during the period. AlphaQuest LLC grew its position in PRA Group by 24.5% during the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock worth $161,000 after purchasing an additional 1,513 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in PRA Group by 30.8% during the 4th quarter. Quantbot Technologies LP now owns 8,002 shares of the business services provider's stock valued at $167,000 after purchasing an additional 1,885 shares during the period. Institutional investors own 97.22% of the company's stock.

PRA Group Stock Down 1.2 %

Shares of PRAA traded down $0.22 during mid-day trading on Friday, reaching $18.14. The company's stock had a trading volume of 31,605 shares, compared to its average volume of 245,138. PRA Group, Inc. has a 1 year low of $15.94 and a 1 year high of $28.64. The company has a market cap of $716.67 million, a price-to-earnings ratio of 10.11 and a beta of 1.52. The business has a fifty day moving average of $19.55 and a 200 day moving average of $20.80.

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