Thrivent Financial for Lutherans Has $692,000 Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Thrivent Financial for Lutherans reduced its position in PRA Group, Inc. (NASDAQ:PRAA) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,953 shares of the business services provider’s stock after selling 1,715 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of PRA Group worth $692,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PRAA. Hsbc Holdings PLC boosted its stake in PRA Group by 121.7% during the second quarter. Hsbc Holdings PLC now owns 64,157 shares of the business services provider’s stock worth $1,247,000 after buying an additional 35,219 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of PRA Group during the second quarter worth $1,343,000. Assenagon Asset Management S.A. raised its holdings in shares of PRA Group by 353.3% in the second quarter. Assenagon Asset Management S.A. now owns 194,235 shares of the business services provider’s stock valued at $3,819,000 after purchasing an additional 151,389 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of PRA Group during the 2nd quarter worth approximately $1,142,000. Finally, Pinnacle Associates Ltd. grew its holdings in PRA Group by 86.3% during the third quarter. Pinnacle Associates Ltd. now owns 297,545 shares of the business services provider’s stock worth $6,653,000 after purchasing an additional 137,799 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their target price on shares of PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com raised shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

PRA Group Trading Down 4.5 %

PRA Group stock opened at $20.50 on Wednesday. PRA Group, Inc. has a 1-year low of $18.64 and a 1-year high of $31.43. The firm has a market capitalization of $808.32 million, a PE ratio of 18.64 and a beta of 1.49. The firm’s 50 day simple moving average is $21.60 and its 200 day simple moving average is $21.69.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Monday, November 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.37. PRA Group had a return on equity of 2.90% and a net margin of 4.16%. The firm had revenue of $281.48 million for the quarter, compared to analysts’ expectations of $262.20 million. During the same period in the previous year, the firm earned ($0.31) earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year. Research analysts forecast that PRA Group, Inc. will post 1.57 earnings per share for the current 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.