Public Employees Retirement System of Ohio Buys 14,505 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Public Employees Retirement System of Ohio raised its stake in PRA Group, Inc. (NASDAQ:PRAA) by 213.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,294 shares of the business services provider’s stock after acquiring an additional 14,505 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of PRA Group worth $409,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PRAA. Group One Trading L.P. raised its holdings in 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 valued at $32,000 after buying an additional 11,133 shares during the last quarter. MetLife Investment Management LLC raised its holdings in PRA Group by 56.0% in the 1st quarter. MetLife Investment Management LLC now owns 22,934 shares of the business services provider’s stock valued at $1,034,000 after buying an additional 8,236 shares during the last quarter. Rhumbline Advisers raised its holdings in PRA Group by 0.8% in the 1st quarter. Rhumbline Advisers now owns 124,510 shares of the business services provider’s stock valued at $5,613,000 after buying an additional 977 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in PRA Group by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,599 shares of the business services provider’s stock valued at $1,695,000 after purchasing an additional 4,636 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in PRA Group by 1.6% during 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 period. Institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

PRAA has been the subject of a number of recent analyst reports. StockNews.com raised shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. JMP Securities increased their target price on shares of PRA Group from $26.00 to $33.00 and gave the company a “market outperform” rating in a research report on Friday, February 16th.

PRA Group Stock Up 3.1 %

Shares of PRAA stock opened at $26.04 on Thursday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -12.23 and a beta of 1.46. PRA Group, Inc. has a 52 week low of $11.85 and a 52 week high of $40.44. The firm has a 50 day moving average of $24.57 and a 200-day moving average of $21.37.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.13. The company had revenue of $221.42 million during the quarter, compared to the consensus estimate of $208.25 million. PRA Group had a negative net margin of 10.40% and a negative return on equity of 6.82%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Analysts anticipate that PRA Group, Inc. will post 0.35 earnings per share for the current 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.