Prudential Financial Inc. Purchases 3,265 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Prudential Financial Inc. lifted its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,675 shares of the business services provider’s stock after purchasing an additional 3,265 shares during the quarter. Prudential Financial Inc.’s holdings in PRA Group were worth $1,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in shares of PRA Group by 55.0% during 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 period. Centiva Capital LP increased its stake in PRA Group by 4.4% during the 3rd quarter. Centiva Capital LP now owns 16,618 shares of the business services provider’s stock worth $372,000 after purchasing an additional 701 shares in the last quarter. Quarry LP raised its holdings 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 buying an additional 972 shares during the period. AlphaQuest LLC lifted its stake in PRA Group by 24.5% in the fourth quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider’s stock valued at $161,000 after buying an additional 1,513 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in shares of PRA Group by 2.7% in the fourth 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 buying an additional 1,705 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Trading Down 6.5 %

Shares of NASDAQ PRAA opened at $19.16 on Monday. The company has a fifty day moving average price of $21.36 and a 200 day moving average price of $21.33. PRA Group, Inc. has a 1-year low of $18.09 and a 1-year high of $28.64. The firm has a market cap of $757.01 million, a PE ratio of 10.70 and a beta of 1.52.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $293.23 million during the quarter, compared to the consensus estimate of $275.81 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. Equities research analysts forecast that PRA Group, Inc. will post 2.1 EPS for the current year.

PRA Group Company 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.