PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Engaged Capital LLC

Engaged Capital LLC reduced its holdings in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 63.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 619,945 shares of the business services provider's stock after selling 1,083,567 shares during the period. PRA Group comprises 2.7% of Engaged Capital LLC's holdings, making the stock its 8th largest position. Engaged Capital LLC owned about 1.57% of PRA Group worth $12,951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in PRA Group by 805.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock worth $26,000 after buying an additional 1,104 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of PRA Group during the fourth quarter worth approximately $134,000. Headlands Technologies LLC raised 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 valued at $152,000 after purchasing an additional 5,081 shares during the last quarter. AlphaQuest LLC raised its stake in PRA Group by 24.5% in the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock valued at $161,000 after purchasing an additional 1,513 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in PRA Group by 30.8% in 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 in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

PRA Group Stock Up 0.2 %

Shares of PRA Group stock traded up $0.03 during trading hours on Tuesday, reaching $18.56. 185,037 shares of the company's stock were exchanged, compared to its average volume of 247,334. The business has a fifty day moving average of $19.25 and a two-hundred day moving average of $20.74. The company has a market capitalization of $733.31 million, a P/E ratio of 10.37 and a beta of 1.52. PRA Group, Inc. has a 1 year low of $15.94 and a 1 year high of $28.64.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $275.81 million. As a group, research analysts predict that PRA Group, Inc. will post 2.1 EPS 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.