T. Rowe Price Investment Management Inc. Sells 769,981 Shares of PRA Group, Inc. (NASDAQ:PRAA)

T. Rowe Price Investment Management Inc. cut its stake in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,861,940 shares of the business services provider's stock after selling 769,981 shares during the period. T. Rowe Price Investment Management Inc. owned 4.72% of PRA Group worth $38,896,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings 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 acquiring an additional 1,104 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of PRA Group during the 4th quarter valued at $134,000. Headlands Technologies LLC increased its holdings in shares of PRA Group by 231.3% in the fourth quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock worth $152,000 after purchasing an additional 5,081 shares during the period. AlphaQuest LLC raised its position in shares of PRA Group by 24.5% in the fourth quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock worth $161,000 after buying an additional 1,513 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in PRA Group by 30.8% during the fourth quarter. Quantbot Technologies LP now owns 8,002 shares of the business services provider's stock valued at $167,000 after buying an additional 1,885 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Stock Down 0.6 %

Shares of NASDAQ PRAA opened at $18.25 on Friday. The stock's 50-day simple moving average is $19.44 and its two-hundred day simple moving average is $20.77. PRA Group, Inc. has a twelve month low of $15.94 and a twelve month high of $28.64. The firm has a market capitalization of $721.06 million, a P/E ratio of 10.20 and a beta of 1.52.

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 for the quarter, topping 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 company had revenue of $293.23 million for the quarter, compared to analysts' expectations of $275.81 million. As a group, research analysts anticipate that PRA Group, Inc. will post 2.1 EPS for the current fiscal 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.

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