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Caxton Associates LLP bought 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 Securities & Exchange Commission. The fund bought 20,322 shares of the business services provider’s stock, valued at approximately $419,000. Caxton Associates LLP owned approximately 0.05% of PRA Group 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. Man Group plc bought a new stake in PRA Group during the 4th quarter worth approximately $868,000. Wolverine Asset Management LLC increased its holdings in PRA Group by 63.9% during the 1st quarter. Wolverine Asset Management LLC now owns 56,698 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 22,114 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings in PRA Group by 6.4% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,018,200 shares of the business services provider’s stock worth $41,615,000 after purchasing an additional 122,200 shares in the last quarter. Deutsche Bank AG increased its holdings in PRA Group by 156.1% during the 1st quarter. Deutsche Bank AG now owns 88,460 shares of the business services provider’s stock worth $1,824,000 after purchasing an additional 53,922 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in PRA Group by 85.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 405,595 shares of the business services provider’s stock worth $8,363,000 after purchasing an additional 186,724 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
Analyst Ratings Changes
PRAA has been the subject of a number of recent research reports. Wall Street Zen raised PRA Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup reissued an “outperform” rating on shares of PRA Group in a report on Tuesday, August 5th. Finally, JMP Securities set a $24.00 price objective on shares of PRA Group and gave the company a “market outperform” rating in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, PRA Group currently has a consensus rating of “Buy” and an average price target of $27.50.
View Our Latest Report on PRA Group
PRA Group Stock Performance
NASDAQ:PRAA opened at $16.82 on Friday. The firm has a market cap of $657.16 million, a price-to-earnings ratio of 7.22 and a beta of 1.50. PRA Group, Inc. has a 52 week low of $12.91 and a 52 week high of $25.43. The firm has a 50-day moving average price of $16.22 and a two-hundred day moving average price of $16.71.
PRA Group (NASDAQ:PRAA – Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.62 by $0.46. The business had revenue of $287.69 million for the quarter, compared to analyst estimates of $279.34 million. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. As a group, sell-side analysts forecast that PRA Group, Inc. will post 2.1 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.
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