Marshall Wace LLP Increases Position in PRA Group, Inc. (NASDAQ:PRAA)

Marshall Wace LLP lifted its stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 271.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,166 shares of the business services provider's stock after purchasing an additional 246,282 shares during the quarter. Marshall Wace LLP owned about 0.86% of PRA Group worth $7,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PRAA. Sterling Capital Management LLC raised its stake in PRA Group by 805.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock valued at $26,000 after buying an additional 1,104 shares during the last quarter. FMR LLC boosted its stake in PRA Group by 55.0% in the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider's stock worth $38,000 after purchasing an additional 606 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in PRA Group during the 4th quarter valued at about $134,000. Headlands Technologies LLC raised its holdings in PRA Group by 231.3% in the fourth quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock worth $152,000 after buying an additional 5,081 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of PRA Group by 24.5% in the fourth quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock worth $161,000 after buying an additional 1,513 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

PRA Group Stock Up 4.5 %

Shares of PRAA opened at $17.21 on Wednesday. PRA Group, Inc. has a twelve month low of $15.94 and a twelve month high of $28.64. The company has a market capitalization of $679.97 million, a P/E ratio of 9.61 and a beta of 1.52. The firm has a 50 day moving average of $19.78 and a 200 day moving average of $20.84.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its earnings results 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 business had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. On average, sell-side analysts expect 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.

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