PRA Group, Inc. (NASDAQ:PRAA) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 929,184 shares of the business services provider’s stock after buying an additional 19,134 shares during the period. Geode Capital Management LLC owned about 2.36% of PRA Group worth $20,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PRAA. nVerses Capital LLC boosted its holdings in PRA Group by 700.0% in the 2nd quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock worth $31,000 after buying an additional 1,400 shares during the last quarter. Versor Investments LP purchased a new position in shares of PRA Group in the second quarter valued at approximately $490,000. Quest Partners LLC boosted its stake in shares of PRA Group by 14.2% in the second quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock worth $200,000 after acquiring an additional 1,267 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of PRA Group by 20.9% during the second quarter. Texas Permanent School Fund Corp now owns 41,334 shares of the business services provider’s stock worth $813,000 after purchasing an additional 7,158 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in PRA Group in the 2nd quarter valued at $1,343,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Stock Performance

Shares of PRA Group stock opened at $20.46 on Friday. The business’s 50 day moving average price is $21.33 and its 200 day moving average price is $21.62. The company has a market cap of $806.68 million, a price-to-earnings ratio of 18.60 and a beta of 1.49. PRA Group, Inc. has a one year low of $18.64 and a one year high of $31.43.

PRA Group (NASDAQ:PRAA) last issued its earnings results on Monday, November 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. The business had revenue of $281.48 million during the quarter, compared to the consensus estimate of $262.20 million. PRA Group had a return on equity of 2.90% and a net margin of 4.16%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the company earned ($0.31) EPS. On average, analysts predict that PRA Group, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PRAA has been the subject of a number of research reports. StockNews.com raised shares of PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Truist Financial boosted their price target on shares of PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

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.