Raymond James Financial Inc. Acquires New Stake in PRA Group, Inc. (NASDAQ:PRAA)

Raymond James Financial Inc. bought a new position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 366,534 shares of the business services provider's stock, valued at approximately $7,657,000. Raymond James Financial Inc. owned about 0.93% of PRA Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in PRA Group by 55.0% during the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider's stock valued at $38,000 after acquiring an additional 606 shares during the period. Centiva Capital LP grew its stake in shares of PRA Group by 4.4% during the third quarter. Centiva Capital LP now owns 16,618 shares of the business services provider's stock worth $372,000 after purchasing an additional 701 shares in the last quarter. Quarry LP boosted its position in shares of PRA Group by 282.6% during the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider's stock worth $29,000 after acquiring an additional 972 shares in the last quarter. New York State Teachers Retirement System increased its stake 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 valued at $1,339,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Point72 DIFC Ltd raised its stake in PRA Group by 388.6% during the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider's stock worth $48,000 after acquiring an additional 1,710 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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PRA Group Stock Performance

NASDAQ PRAA traded down $0.20 on Wednesday, reaching $20.73. The stock had a trading volume of 156,258 shares, compared to its average volume of 222,037. PRA Group, Inc. has a 12-month low of $18.09 and a 12-month high of $28.64. The stock has a market cap of $819.04 million, a P/E ratio of 11.58 and a beta of 1.64. The business's 50-day moving average price is $21.45 and its 200 day moving average price is $21.35.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $275.81 million. On average, sell-side analysts predict that PRA Group, Inc. will post 2.1 earnings per share 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.