PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 14.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 468,244 shares of the business services provider’s stock after selling 79,507 shares during the period. Charles Schwab Investment Management Inc.’s holdings in PRA Group were worth $9,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in shares of PRA Group in the 4th quarter valued at approximately $296,000. Olympiad Research LP acquired a new position in shares of PRA Group in the 4th quarter valued at approximately $242,000. Wolverine Asset Management LLC raised its position in shares of PRA Group by 84.4% in the 4th quarter. Wolverine Asset Management LLC now owns 34,584 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 15,830 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of PRA Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 191,168 shares of the business services provider’s stock valued at $3,994,000 after purchasing an additional 5,434 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of PRA Group by 2.7% in the 4th 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 purchasing an additional 1,705 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

PRA Group Stock Down 0.2 %

Shares of PRAA opened at $20.37 on Friday. The business’s 50 day moving average is $21.41 and its two-hundred day moving average is $21.36. PRA Group, Inc. has a 52-week low of $18.09 and a 52-week high of $28.64. The firm has a market cap of $804.82 million, a price-to-earnings ratio of 11.38 and a beta of 1.64.

PRA Group (NASDAQ:PRAA) last issued 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 business had revenue of $293.23 million during the quarter, compared to the consensus estimate of $275.81 million. On average, equities 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.