Wellington Management Group LLP Has $78.57 Million Stake in PRA Group, Inc. (NASDAQ:PRAA)

Wellington Management Group LLP cut its stake in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,760,952 shares of the business services provider's stock after selling 130,285 shares during the quarter. Wellington Management Group LLP owned approximately 9.54% of PRA Group worth $78,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its holdings in shares of PRA Group by 55.0% in the third 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 in the last quarter. Centiva Capital LP boosted its stake in shares of PRA Group by 4.4% in the third quarter. Centiva Capital LP now owns 16,618 shares of the business services provider's stock valued at $372,000 after purchasing an additional 701 shares during the period. Quarry LP raised its stake in PRA Group by 282.6% during the third quarter. Quarry LP now owns 1,316 shares of the business services provider's stock worth $29,000 after acquiring an additional 972 shares during the period. AlphaQuest LLC grew its stake 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 purchasing an additional 1,513 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of 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 buying an additional 1,705 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

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PRA Group Trading Down 6.3 %

PRAA stock traded down $1.13 during mid-day trading on Thursday, hitting $16.92. The stock had a trading volume of 45,620 shares, compared to its average volume of 239,179. The stock has a market capitalization of $668.51 million, a price-to-earnings ratio of 9.49 and a beta of 1.52. The company has a fifty day moving average of $20.88 and a 200 day moving average of $21.17. 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 released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The firm had revenue of $293.23 million during the quarter, compared to analysts' expectations of $275.81 million. As a group, sell-side analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

PRA Group 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.