PRA Group, Inc. (NASDAQ:PRAA) Stock Holdings Increased by Barclays PLC

Barclays PLC raised its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 55.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,053 shares of the business services provider’s stock after buying an additional 41,525 shares during the period. Barclays PLC owned about 0.30% of PRA Group worth $2,618,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PRAA. Innealta Capital LLC bought a new stake in shares of PRA Group during the 2nd quarter worth $57,000. nVerses Capital LLC lifted its holdings in shares of PRA Group by 700.0% in the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,400 shares in the last quarter. Versor Investments LP purchased a new position in shares of PRA Group during the second quarter valued at $490,000. Quest Partners LLC lifted its stake in PRA Group by 14.2% in the 2nd 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 in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in PRA Group by 20.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 41,334 shares of the business services provider’s stock valued at $813,000 after acquiring an additional 7,158 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Trading Up 1.3 %

Shares of NASDAQ:PRAA opened at $20.65 on Wednesday. The stock has a market capitalization of $814.17 million, a PE ratio of 18.77 and a beta of 1.49. PRA Group, Inc. has a 1 year low of $18.64 and a 1 year high of $31.43. The firm has a fifty day moving average price of $21.39 and a 200 day moving average price of $21.63.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Monday, November 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $281.48 million during the quarter, compared to the consensus estimate of $262.20 million. During the same quarter in the prior year, the company posted ($0.31) EPS. The firm’s revenue was up 30.1% on a year-over-year basis. On average, sell-side analysts forecast that PRA Group, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PRAA has been the topic of a number of research analyst reports. Truist Financial boosted their price objective 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 upgraded PRA Group from a “hold” rating to a “buy” rating in a research note 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.