PRA Group, Inc. (NASDAQ:PRAA) Short Interest Update

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 650,400 shares, a growth of 58.0% from the January 31st total of 411,600 shares. Based on an average daily trading volume, of 257,900 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.7% of the company's stock are sold short.

Institutional Trading of PRA Group

A number of institutional investors and hedge funds have recently made changes to their positions in PRAA. Sterling Capital Management LLC grew its stake in PRA Group by 805.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock worth $26,000 after buying an additional 1,104 shares during 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 valued at $29,000 after purchasing an additional 972 shares in the last quarter. FMR LLC grew its stake in shares of PRA Group by 55.0% in the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider's stock worth $38,000 after purchasing an additional 606 shares during the last quarter. Point72 DIFC Ltd raised its holdings in shares of PRA Group by 388.6% in the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider's stock worth $48,000 after purchasing an additional 1,710 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in PRA Group during the fourth quarter valued at approximately $134,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Separately, Truist Financial increased their price target on shares of PRA Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th.

PRA Group Price Performance

Shares of PRAA stock traded up $0.29 on Wednesday, hitting $20.00. 282,026 shares of the stock traded hands, compared to its average volume of 246,048. The company's fifty day moving average is $21.63 and its 200 day moving average is $21.63. PRA Group has a 1-year low of $18.64 and a 1-year high of $28.64. The company has a market capitalization of $788.54 million, a PE ratio of 11.17 and a beta of 1.49.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. The company had revenue of $293.23 million for the quarter, compared to analysts' expectations of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. As a group, equities research analysts expect that PRA Group will post 2.1 EPS for the current year.

PRA Group Company 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.