New York State Teachers Retirement System Raises Stake in PRA Group, Inc. (NASDAQ:PRAA)

New York State Teachers Retirement System increased its stake in PRA Group, Inc. (NASDAQ:PRAA) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 64,091 shares of the business services provider’s stock after buying an additional 1,705 shares during the quarter. New York State Teachers Retirement System owned 0.16% of PRA Group worth $1,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRAA. Pinnacle Associates Ltd. boosted its holdings in shares of PRA Group by 86.3% in the 3rd 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 last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of PRA Group by 2.9% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,817,800 shares of the business services provider’s stock worth $40,646,000 after buying an additional 51,085 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of PRA Group by 92.8% in the 3rd quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider’s stock worth $1,982,000 after buying an additional 42,656 shares during the last quarter. Barclays PLC lifted its holdings in PRA Group by 55.0% during the third quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock valued at $2,618,000 after purchasing an additional 41,525 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in PRA Group during the fourth quarter valued at about $753,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their price objective on shares of PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

PRA Group Stock Down 0.4 %

NASDAQ PRAA opened at $22.57 on Monday. The company has a market cap of $889.87 million, a PE ratio of 12.61 and a beta of 1.49. PRA Group, Inc. has a 52 week low of $18.64 and a 52 week high of $28.64. The firm’s 50-day simple moving average is $21.67 and its two-hundred day simple moving average is $21.71.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings data 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 net margin of 6.33% and a return on equity of 5.16%. The business had revenue of $293.23 million for the quarter, compared to the consensus estimate of $275.81 million. As a group, equities research analysts anticipate that PRA Group, Inc. will post 2.1 EPS for the current year.

PRA Group 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.