JPMorgan Chase & Co. Buys 267,015 Shares of PRA Group, Inc. (NASDAQ:PRAA)

JPMorgan Chase & Co. grew its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 356.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 341,952 shares of the business services provider's stock after purchasing an additional 267,015 shares during the period. JPMorgan Chase & Co. owned about 0.87% of PRA Group worth $7,143,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. FMR LLC grew its stake in PRA Group by 55.0% during 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 in the last quarter. State Street Corp lifted its holdings in shares of PRA Group by 1.0% during the 3rd quarter. State Street Corp now owns 1,502,427 shares of the business services provider's stock worth $33,594,000 after acquiring an additional 14,758 shares during the period. Jane Street Group LLC boosted its position in shares of PRA Group by 92.8% during the 3rd quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider's stock worth $1,982,000 after acquiring an additional 42,656 shares in the last quarter. Barclays PLC increased its stake in PRA Group by 55.0% in the third quarter. Barclays PLC now owns 117,053 shares of the business services provider's stock valued at $2,618,000 after acquiring an additional 41,525 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in PRA Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 929,184 shares of the business services provider's stock valued at $20,781,000 after purchasing an additional 19,134 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

PRA Group Stock Up 4.5 %

Shares of PRAA traded up $0.74 during midday trading on Tuesday, hitting $17.21. The company's stock had a trading volume of 228,487 shares, compared to its average volume of 245,207. PRA Group, Inc. has a one year low of $15.94 and a one year high of $28.64. The stock has a market capitalization of $679.97 million, a price-to-earnings ratio of 9.61 and a beta of 1.52. The company's fifty day simple moving average is $19.78 and its two-hundred day simple moving average is $20.84.

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. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The business had revenue of $293.23 million during the quarter, compared to analysts' expectations of $275.81 million. On average, research analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current year.

PRA Group Company 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.