PRA Group, Inc. (NASDAQ:PRAA) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 40.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,937 shares of the business services provider's stock after buying an additional 21,476 shares during the quarter. JPMorgan Chase & Co. owned 0.19% of PRA Group worth $1,676,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC raised its stake 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 buying an additional 19,134 shares in the last quarter. Barclays PLC increased its holdings in shares of PRA Group by 55.0% in the 3rd 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. Jane Street Group LLC raised 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 valued at $1,982,000 after acquiring an additional 42,656 shares in the last quarter. State Street Corp lifted its stake in PRA Group by 1.0% during the third quarter. State Street Corp now owns 1,502,427 shares of the business services provider's stock worth $33,594,000 after purchasing an additional 14,758 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in PRA Group in the third quarter worth $569,000. Institutional investors and hedge funds own 97.22% of the company's stock.

PRA Group Stock Performance

Shares of PRAA traded up $0.48 during midday trading on Thursday, hitting $21.72. 215,269 shares of the stock traded hands, compared to its average volume of 239,005. PRA Group, Inc. has a 1-year low of $18.64 and a 1-year high of $31.43. The business's 50 day moving average price is $21.08 and its two-hundred day moving average price is $21.74. The firm has a market capitalization of $856.42 million, a PE ratio of 19.75 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

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

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.