SG Americas Securities LLC Has $420,000 Stake in PRA Group, Inc. (NASDAQ:PRAA)

SG Americas Securities LLC trimmed its holdings in PRA Group, Inc. (NASDAQ:PRAA) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,092 shares of the business services provider’s stock after selling 2,662 shares during the period. SG Americas Securities LLC owned 0.05% of PRA Group worth $420,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its holdings in PRA Group by 282.6% during the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 972 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PRA Group in the 2nd quarter valued at $29,000. FMR LLC grew its position in PRA Group by 55.0% during the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after acquiring an additional 606 shares during the last quarter. Point72 DIFC Ltd grew its position in PRA Group by 388.6% during the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,710 shares during the last quarter. Finally, nVerses Capital LLC grew its position in PRA Group by 168.8% during the 3rd quarter. nVerses Capital LLC now owns 4,300 shares of the business services provider’s stock worth $96,000 after acquiring an additional 2,700 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

PRA Group Stock Performance

PRAA opened at $22.11 on Monday. The firm has a market cap of $871.80 million, a P/E ratio of 20.10 and a beta of 1.48. The firm has a 50-day moving average of $21.07 and a 200 day moving average of $21.80. PRA Group, Inc. has a fifty-two week low of $18.64 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The firm had revenue of $281.48 million during the quarter, compared to analyst estimates of $262.20 million. During the same quarter last year, the business earned ($0.31) earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. Equities research analysts predict that PRA Group, Inc. will post 1.57 earnings per share for the current fiscal 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.