Renaissance Technologies LLC Has $2.19 Million Stock Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Renaissance Technologies LLC raised its holdings in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 72.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,797 shares of the business services provider's stock after buying an additional 44,100 shares during the quarter. Renaissance Technologies LLC owned 0.27% of PRA Group worth $2,189,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PRAA. AlphaQuest LLC boosted its holdings 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 period. New York State Teachers Retirement System increased its position in shares of PRA Group by 2.7% during 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 period. Quantbot Technologies LP raised its stake in shares of PRA Group by 30.8% in the fourth 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. Blair William & Co. IL lifted its position in PRA Group by 1.9% in the fourth quarter. Blair William & Co. IL now owns 170,139 shares of the business services provider's stock worth $3,554,000 after purchasing an additional 3,200 shares during the period. Finally, Prudential Financial Inc. boosted its stake in PRA Group by 7.7% during the fourth quarter. Prudential Financial Inc. now owns 45,675 shares of the business services provider's stock worth $1,059,000 after buying an additional 3,265 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

PRA Group Stock Performance

Shares of PRAA stock traded up $0.03 during mid-day trading on Tuesday, reaching $18.56. The company's stock had a trading volume of 185,037 shares, compared to its average volume of 246,739. The firm's 50-day moving average is $19.33 and its two-hundred day moving average is $20.75. The company has a market cap 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 posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. Sell-side analysts anticipate that PRA Group, Inc. will post 2.1 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.