21,405 Shares in PRA Group, Inc. (NASDAQ:PRAA) Bought by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in PRA Group, Inc. (NASDAQ:PRAA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,405 shares of the business services provider’s stock, valued at approximately $447,000. HighTower Advisors LLC owned approximately 0.05% of PRA Group at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. increased its holdings in shares of PRA Group by 4.3% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock valued at $39,607,000 after acquiring an additional 78,200 shares during the period. State Street Corp grew its position in PRA Group by 1.0% during the 3rd quarter. State Street Corp now owns 1,502,427 shares of the business services provider’s stock worth $33,594,000 after purchasing an additional 14,758 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of PRA Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 929,184 shares of the business services provider’s stock valued at $20,781,000 after buying an additional 19,134 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PRA Group in the fourth quarter valued at about $7,657,000. Finally, Capital Management Corp VA acquired a new stake in shares of PRA Group during the fourth quarter worth about $4,659,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Stock Down 2.5 %

Shares of PRAA stock opened at $20.52 on Monday. The stock’s 50-day moving average price is $21.44 and its 200 day moving average price is $21.36. The stock has a market capitalization of $810.75 million, a PE ratio of 11.46 and a beta of 1.64. PRA Group, Inc. has a 52-week low of $18.09 and a 52-week high of $28.64.

PRA Group (NASDAQ:PRAA) last released its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The business had revenue of $293.23 million for the quarter, compared to analyst estimates of $275.81 million. Analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal 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.