PRA Group, Inc. (NASDAQ:PRAA) Position Increased by Jane Street Group LLC

Jane Street Group LLC boosted its position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 92.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,634 shares of the business services provider's stock after acquiring an additional 42,656 shares during the quarter. Jane Street Group LLC owned 0.22% of PRA Group worth $1,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. grew its holdings in shares of PRA Group by 86.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 297,545 shares of the business services provider's stock worth $6,653,000 after purchasing an additional 137,799 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of PRA Group in the 2nd quarter valued at $1,343,000. Cubist Systematic Strategies LLC acquired a new position in shares of PRA Group during the 2nd quarter valued at $1,142,000. Global Alpha Capital Management Ltd. boosted its position in PRA Group by 2.9% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,817,800 shares of the business services provider's stock worth $40,646,000 after purchasing an additional 51,085 shares during the period. Finally, Hsbc Holdings PLC raised its position in PRA Group by 121.7% in the second quarter. Hsbc Holdings PLC now owns 64,157 shares of the business services provider's stock valued at $1,247,000 after purchasing an additional 35,219 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on PRAA. StockNews.com upgraded PRA Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Truist Financial boosted their price objective on shares of PRA Group from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th.

PRA Group Stock Up 1.3 %

Shares of PRA Group stock traded up $0.27 on Wednesday, hitting $20.65. 128,482 shares of the company's stock traded hands, compared to its average volume of 220,443. PRA Group, Inc. has a 52-week low of $18.64 and a 52-week high of $31.43. The stock has a market cap of $814.17 million, a P/E ratio of 18.77 and a beta of 1.49. The firm's 50-day moving average is $21.37 and its 200 day moving average is $21.62.

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