Charles Schwab Investment Management Inc. Has $12.25 Million Stock Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Charles Schwab Investment Management Inc. decreased its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 12.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 547,751 shares of the business services provider’s stock after selling 77,324 shares during the period. Charles Schwab Investment Management Inc. owned about 1.39% of PRA Group worth $12,248,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its holdings in shares of PRA Group by 69.0% during the third quarter. Intech Investment Management LLC now owns 20,211 shares of the business services provider’s stock worth $452,000 after buying an additional 8,250 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in PRA Group by 117.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,087 shares of the business services provider’s stock worth $762,000 after acquiring an additional 18,407 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in PRA Group by 2.9% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,817,800 shares of the business services provider’s stock valued at $40,646,000 after purchasing an additional 51,085 shares in the last quarter. Wolverine Asset Management LLC bought a new position in PRA Group in the 3rd quarter valued at $419,000. Finally, Pinnacle Associates Ltd. raised its position in PRA Group by 86.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 297,545 shares of the business services provider’s stock valued at $6,653,000 after purchasing an additional 137,799 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

PRA Group Price Performance

Shares of PRA Group stock opened at $20.26 on Monday. The company has a market capitalization of $798.85 million, a P/E ratio of 18.42 and a beta of 1.49. The business has a 50-day moving average of $21.43 and a two-hundred day moving average of $21.62. PRA Group, Inc. has a 1 year low of $18.64 and a 1 year high of $31.43.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PRAA shares. Truist Financial increased their price target on shares of PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

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.