William Blair Investment Management LLC Sells 171,068 Shares of PRA Group, Inc. (NASDAQ:PRAA)

William Blair Investment Management LLC reduced its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 856,558 shares of the business services provider's stock after selling 171,068 shares during the period. William Blair Investment Management LLC owned about 2.17% of PRA Group worth $17,893,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Quarry LP grew its position in PRA Group by 282.6% during the 3rd 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 last quarter. FMR LLC grew 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 worth $38,000 after purchasing an additional 606 shares during the last quarter. Point72 DIFC Ltd grew its holdings in shares of PRA Group by 388.6% in the third 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 during the last quarter. AlphaQuest LLC increased 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 buying an additional 1,513 shares during the period. Finally, Olympiad Research LP bought a new stake in PRA Group during the 4th quarter valued at $242,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

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PRA Group Price Performance

PRA Group stock traded down $0.04 during trading hours on Friday, reaching $20.37. The stock had a trading volume of 618,918 shares, compared to its average volume of 221,770. The company has a fifty day simple moving average of $21.41 and a 200-day simple moving average of $21.36. PRA Group, Inc. has a 52 week low of $18.09 and a 52 week high of $28.64. The stock has a market cap of $804.82 million, a PE ratio of 11.38 and a beta of 1.64.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its 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 company had revenue of $293.23 million for 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%. Research analysts predict that PRA Group, Inc. will post 2.1 earnings per share 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.