PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 52.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 546,397 shares of the business services provider's stock after selling 613,316 shares during the quarter. Bank of New York Mellon Corp owned about 1.39% of PRA Group worth $11,414,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quarry LP increased its position in PRA Group by 282.6% in the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider's stock valued at $29,000 after acquiring an additional 972 shares during the period. 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. Point72 DIFC Ltd increased its holdings in shares of PRA Group by 388.6% during the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider's stock valued at $48,000 after purchasing an additional 1,710 shares during the period. Olympiad Research LP bought a new stake in shares of PRA Group during the fourth quarter valued at about $242,000. Finally, ClearAlpha Technologies LP bought a new stake in shares of PRA Group during the third quarter valued at about $294,000. Institutional investors and hedge funds own 97.22% of the company's stock.

PRA Group Stock Down 1.1 %

Shares of PRAA opened at $18.82 on Friday. PRA Group, Inc. has a 52-week low of $18.09 and a 52-week high of $28.64. The firm has a market capitalization of $743.58 million, a PE ratio of 10.51 and a beta of 1.64. The firm has a 50-day moving average price of $21.48 and a 200 day moving average price of $21.51.

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PRA Group (NASDAQ:PRAA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating 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 business had revenue of $293.23 million during the quarter, compared to analysts' expectations of $275.81 million. On average, equities analysts expect 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.

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