Vanguard Group Inc. grew its position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,300,675 shares of the business services provider's stock after purchasing an additional 21,625 shares during the period. Vanguard Group Inc. owned approximately 10.91% of PRA Group worth $89,841,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in PRAA. FMR LLC grew its stake in shares of PRA Group by 55.0% in the third 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. Quarry LP increased its stake in PRA Group by 282.6% during the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider's stock valued at $29,000 after buying an additional 972 shares during the period. AlphaQuest LLC raised its position in shares of PRA Group by 24.5% during the 4th 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. New York State Teachers Retirement System lifted its position in PRA Group by 2.7% in the fourth quarter. New York State Teachers Retirement System now owns 64,091 shares of the business services provider's stock worth $1,339,000 after purchasing an additional 1,705 shares during the period. Finally, Quantbot Technologies LP lifted its position in PRA Group by 30.8% in the fourth quarter. Quantbot Technologies LP now owns 8,002 shares of the business services provider's stock worth $167,000 after purchasing an additional 1,885 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.
PRA Group Stock Performance
Shares of PRAA stock traded up $0.06 during mid-day trading on Tuesday, hitting $17.09. 18,369 shares of the stock traded hands, compared to its average volume of 242,610. PRA Group, Inc. has a twelve month low of $15.94 and a twelve month high of $28.64. The company's 50-day simple moving average is $20.55 and its 200-day simple moving average is $21.04. The firm has a market cap of $675.23 million, a price-to-earnings ratio of 9.55 and a beta of 1.52.
PRA Group (NASDAQ:PRAA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The firm had revenue of $293.23 million for the quarter, compared to analysts' expectations of $275.81 million. Analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current year.
PRA Group Company Profile
(
Free Report)
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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