Principal Financial Group Inc. Lowers Stock Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Principal Financial Group Inc. reduced its stake in PRA Group, Inc. (NASDAQ:PRAAFree Report) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,552 shares of the business services provider’s stock after selling 11,038 shares during the quarter. Principal Financial Group Inc.’s holdings in PRA Group were worth $4,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Group One Trading L.P. boosted its position in shares of PRA Group by 106.7% in the 1st quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock worth $32,000 after purchasing an additional 11,133 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of PRA Group by 147.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,073 shares of the business services provider’s stock worth $42,000 after purchasing an additional 639 shares in the last quarter. Point72 Hong Kong Ltd boosted its position in shares of PRA Group by 38.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,050 shares of the business services provider’s stock worth $47,000 after purchasing an additional 290 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of PRA Group by 15.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,387 shares of the business services provider’s stock worth $87,000 after purchasing an additional 317 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of PRA Group by 848.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,789 shares of the business services provider’s stock worth $155,000 after purchasing an additional 6,073 shares in the last quarter. 97.06% of the stock is owned by institutional investors.

PRA Group Stock Down 1.3 %

Shares of NASDAQ PRAA opened at $22.75 on Thursday. PRA Group, Inc. has a twelve month low of $11.85 and a twelve month high of $43.34. The firm has a market cap of $892.71 million, a P/E ratio of -15.17 and a beta of 1.45. The company has a 50 day moving average of $23.42 and a 200 day moving average of $20.33.

PRA Group (NASDAQ:PRAAGet Free Report) last announced its earnings results on Monday, November 6th. The business services provider reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. The business had revenue of $216.40 million during the quarter, compared to analyst estimates of $205.24 million. PRA Group had a negative net margin of 7.31% and a negative return on equity of 4.75%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. As a group, equities analysts expect that PRA Group, Inc. will post -2.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of PRA Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th.

Check Out Our Latest Stock Analysis on PRA Group

PRA Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

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