MGO One Seven LLC acquired a new position in shares of PRA Group, Inc. (NASDAQ:PRAA – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,746 shares of the business services provider’s stock, valued at approximately $224,000.
A number of other institutional investors have also modified their holdings of the stock. Group One Trading L.P. lifted its holdings in PRA Group by 106.7% in the first quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock worth $32,000 after acquiring an additional 11,133 shares during the last quarter. MetLife Investment Management LLC increased its position in PRA Group by 56.0% in the first quarter. MetLife Investment Management LLC now owns 22,934 shares of the business services provider’s stock worth $1,034,000 after buying an additional 8,236 shares during the period. Rhumbline Advisers boosted its holdings in shares of PRA Group by 0.8% during the first quarter. Rhumbline Advisers now owns 124,510 shares of the business services provider’s stock valued at $5,613,000 after acquiring an additional 977 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of PRA Group by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,599 shares of the business services provider’s stock worth $1,695,000 after acquiring an additional 4,636 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in PRA Group by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,890,693 shares of the business services provider’s stock valued at $85,233,000 after purchasing an additional 30,304 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Raymond James cut their price target on PRA Group from $42.00 to $33.00 in a report on Thursday, June 8th. TheStreet lowered shares of PRA Group from a “c-” rating to a “d” rating in a research report on Tuesday, August 1st. StockNews.com assumed coverage on shares of PRA Group in a research note on Thursday. They set a “hold” rating on the stock. JMP Securities decreased their price objective on shares of PRA Group from $50.00 to $42.00 in a report on Tuesday, May 9th. Finally, Truist Financial dropped their target price on PRA Group from $50.00 to $42.00 in a report on Tuesday, May 9th.
PRA Group Trading Up 0.6 %
Shares of PRA Group stock opened at $19.24 on Thursday. PRA Group, Inc. has a 52 week low of $17.74 and a 52 week high of $43.34. The company’s 50-day moving average price is $22.72 and its two-hundred day moving average price is $30.49. The stock has a market cap of $755.02 million, a PE ratio of -34.36 and a beta of 1.23.
PRA Group (NASDAQ:PRAA – Get Free Report) last released its earnings results on Monday, August 7th. The business services provider reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. The business had revenue of $209.24 million for the quarter, compared to the consensus estimate of $205.10 million. PRA Group had a negative net margin of 2.61% and a negative return on equity of 1.76%. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, equities analysts predict that PRA Group, Inc. will post -2.29 EPS for the current fiscal year.
Insider Activity
In related news, Director Marjorie Mary Connelly bought 7,425 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average cost of $20.20 per share, for a total transaction of $149,985.00. Following the acquisition, the director now directly owns 29,512 shares of the company’s stock, valued at approximately $596,142.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
PRA Group Profile
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Europe, and Australia. 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.
Featured Stories
- Five stocks we like better than PRA Group
- How to Invest in Social Media
- 3 Ways to Play the Upcoming NFL Season
- Why Consider Investing in Nanotechnology Stocks
- The TJX Companies: Offprice Retail Hits its Stride in Q2
- How to Invest in the Healthcare Sector
- Target Misses The Mark: Is It Too Late To Sell?
Receive News & Ratings for PRA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group and related companies with MarketBeat.com's FREE daily email newsletter.
