19,600 Shares in PRA Group, Inc. (NASDAQ:PRAA) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in PRA Group, Inc. (NASDAQ:PRAA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,600 shares of the business services provider’s stock, valued at approximately $514,000.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of PRA Group in the 3rd quarter valued at approximately $179,000. Bank of New York Mellon Corp increased its holdings in PRA Group by 9.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,337,568 shares of the business services provider’s stock valued at $25,695,000 after purchasing an additional 116,789 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in PRA Group by 40.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,447 shares of the business services provider’s stock valued at $181,000 after purchasing an additional 2,722 shares during the period. Assenagon Asset Management S.A. purchased a new stake in PRA Group in the third quarter valued at approximately $377,000. Finally, Illinois Municipal Retirement Fund acquired a new position in PRA Group during the third quarter worth $432,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Transactions at PRA Group

In related news, CEO Vikram A. Atal sold 5,830 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $24.39, for a total value of $142,193.70. Following the sale, the chief executive officer now owns 155,625 shares of the company’s stock, valued at $3,795,693.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com upgraded PRA Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. JMP Securities boosted their price target on shares of PRA Group from $26.00 to $33.00 and gave the stock a “market outperform” rating in a research note on Friday, February 16th.

PRA Group Trading Down 0.4 %

PRA Group stock opened at $24.02 on Tuesday. The firm has a market capitalization of $942.79 million, a P/E ratio of -11.28 and a beta of 1.46. PRA Group, Inc. has a twelve month low of $11.85 and a twelve month high of $36.61. The stock’s fifty day simple moving average is $24.95 and its 200-day simple moving average is $22.21.

PRA Group (NASDAQ:PRAA) last released its earnings results on Thursday, February 15th. The business services provider reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.13. The firm had revenue of $221.42 million during the quarter, compared to analysts’ expectations of $208.25 million. PRA Group had a negative return on equity of 6.82% and a negative net margin of 10.40%. PRA Group’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. Sell-side analysts predict that PRA Group, Inc. will post 0.35 earnings per share 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.