Russell Investments Group Ltd. boosted its position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 65.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 202,046 shares of the business services provider's stock after acquiring an additional 79,987 shares during the period. Russell Investments Group Ltd. owned 0.51% of PRA Group worth $4,221,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of PRA Group by 284.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 115,686 shares of the business services provider's stock valued at $2,417,000 after buying an additional 85,593 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in PRA Group in the fourth quarter valued at about $670,000. Wells Fargo & Company MN boosted its holdings in PRA Group by 27.3% in the fourth quarter. Wells Fargo & Company MN now owns 23,354 shares of the business services provider's stock worth $488,000 after acquiring an additional 5,008 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of PRA Group by 231.3% during the fourth quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock worth $152,000 after acquiring an additional 5,081 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of PRA Group during the fourth quarter valued at about $303,000. Hedge funds and other institutional investors own 97.22% of the company's stock.
PRA Group Stock Performance
Shares of NASDAQ PRAA traded up $0.37 during mid-day trading on Friday, hitting $17.01. The stock had a trading volume of 349,251 shares, compared to its average volume of 244,497. The company has a 50 day moving average of $20.04 and a two-hundred day moving average of $20.91. The firm has a market cap of $672.07 million, a PE ratio of 9.50 and a beta of 1.52. PRA Group, Inc. has a twelve month low of $15.94 and a twelve month high of $28.64.
PRA Group (NASDAQ:PRAA - Get Free Report) last issued 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. The business had revenue of $293.23 million during the quarter, compared to analysts' expectations of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. Equities research analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.
About PRA Group
(
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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