PRA Group, Inc. (NASDAQ:PRAA) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 92.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,634 shares of the business services provider’s stock after acquiring an additional 42,656 shares during the period. Jane Street Group LLC owned 0.22% of PRA Group worth $1,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PRAA. Pinnacle Associates Ltd. boosted its stake 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 buying an additional 137,799 shares during the period. ClariVest Asset Management LLC acquired a new stake in PRA Group in the 2nd quarter valued at approximately $1,343,000. Cubist Systematic Strategies LLC purchased a new stake in PRA Group in the second quarter valued at approximately $1,142,000. Global Alpha Capital Management Ltd. lifted its stake in PRA Group by 2.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,817,800 shares of the business services provider’s stock worth $40,646,000 after purchasing an additional 51,085 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of 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 during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

PRAA has been the topic of several analyst reports. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Truist Financial lifted their price objective on PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

PRA Group Price Performance

Shares of NASDAQ PRAA opened at $20.65 on Wednesday. PRA Group, Inc. has a 12 month low of $18.64 and a 12 month high of $31.43. The company has a 50-day simple moving average of $21.39 and a 200-day simple moving average of $21.63. The company has a market cap of $814.17 million, a PE ratio of 18.77 and a beta of 1.49.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 earnings per share 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 business had revenue of $281.48 million for the quarter, compared to analyst estimates of $262.20 million. During the same period in the previous year, the company posted ($0.31) EPS. The company’s revenue was up 30.1% compared to the same quarter last year. On average, analysts anticipate that PRA Group, Inc. will post 1.57 EPS 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.