Jacobs Levy Equity Management Inc. Has $5.81 Million Stock Position in PRA Group, Inc. (NASDAQ:PRAA)

Jacobs Levy Equity Management Inc. decreased its position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 24.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 259,735 shares of the business services provider's stock after selling 83,411 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.66% of PRA Group worth $5,808,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake 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 worth $38,000 after buying an additional 606 shares during the last quarter. Centiva Capital LP boosted its position in PRA Group by 4.4% during 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 last quarter. The Manufacturers Life Insurance Company increased its position in shares of PRA Group by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,929 shares of the business services provider's stock worth $294,000 after purchasing an additional 712 shares during the last quarter. Sei Investments Co. raised its stake in shares of PRA Group by 0.9% during the 2nd quarter. Sei Investments Co. now owns 95,473 shares of the business services provider's stock worth $1,877,000 after purchasing an additional 826 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of PRA Group by 14.2% in the 2nd quarter. Quest Partners LLC now owns 10,179 shares of the business services provider's stock valued at $200,000 after buying an additional 1,267 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial upped their price target on shares of PRA Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. StockNews.com raised shares of PRA Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th.

PRA Group Stock Up 0.1 %

Shares of PRAA stock traded up $0.03 during trading on Friday, reaching $20.26. 165,277 shares of the company's stock were exchanged, compared to its average volume of 216,157. PRA Group, Inc. has a twelve month low of $18.64 and a twelve month high of $31.43. The firm's fifty day moving average price is $21.43 and its 200-day moving average price is $21.63. The stock has a market capitalization of $798.85 million, a PE ratio of 18.42 and a beta of 1.49.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.32 by $0.37. The firm had revenue of $281.48 million for the quarter, compared to the consensus estimate of $262.20 million. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The company's quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.31) earnings per share. As a group, analysts anticipate that PRA Group, Inc. will post 1.57 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.