Charles Schwab Investment Management Inc. Reduces Stock Position in PRA Group, Inc. (NASDAQ:PRAA)

Charles Schwab Investment Management Inc. lessened its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,244 shares of the business services provider’s stock after selling 79,507 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.19% of PRA Group worth $9,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRAA. FMR LLC grew its holdings in PRA Group by 55.0% in the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after buying an additional 606 shares during the period. Centiva Capital LP grew its holdings in PRA Group by 4.4% in the 3rd quarter. Centiva Capital LP now owns 16,618 shares of the business services provider’s stock valued at $372,000 after buying an additional 701 shares during the period. Quarry LP grew its holdings in PRA Group by 282.6% in the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock valued at $29,000 after buying an additional 972 shares during the period. New York State Teachers Retirement System grew its holdings in PRA Group by 2.7% in the 4th 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. Finally, Point72 DIFC Ltd grew its holdings in PRA Group by 388.6% in the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,710 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Price Performance

PRAA opened at $20.37 on Friday. The stock has a market capitalization of $804.82 million, a price-to-earnings ratio of 11.38 and a beta of 1.64. The business has a 50-day moving average of $21.41 and a two-hundred day moving average of $21.36. PRA Group, Inc. has a 12 month low of $18.09 and a 12 month high of $28.64.

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