PRA Group, Inc. (NASDAQ:PRAA) Shares Purchased by US Bancorp DE

US Bancorp DE lifted its stake in PRA Group, Inc. (NASDAQ:PRAAFree Report) by 48.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,237 shares of the business services provider’s stock after purchasing an additional 14,453 shares during the period. US Bancorp DE owned approximately 0.11% of PRA Group worth $1,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of PRA Group by 90.5% in the fourth quarter. CWM LLC now owns 1,189 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 565 shares during the period. PNC Financial Services Group Inc. increased its holdings in PRA Group by 1,032.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,512 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 3,202 shares in the last quarter. Jump Financial LLC purchased a new position in PRA Group during the 3rd quarter valued at about $217,000. Graham Capital Management L.P. purchased a new position in PRA Group during the 3rd quarter valued at about $303,000. Finally, Louisiana State Employees Retirement System purchased a new position in PRA Group during the 4th quarter valued at about $514,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $33.00 target price on shares of PRA Group in a report on Tuesday, May 7th. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a report on Friday, May 24th.

View Our Latest Research Report on PRAA

Insider Transactions at PRA Group

In other news, CEO Vikram A. Atal sold 5,830 shares of PRA Group stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $24.39, for a total transaction of $142,193.70. Following the completion of the sale, the chief executive officer now directly owns 155,625 shares in the company, valued at $3,795,693.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

PRA Group Trading Down 5.7 %

Shares of NASDAQ PRAA opened at $20.35 on Tuesday. PRA Group, Inc. has a 12 month low of $11.85 and a 12 month high of $31.43. The company has a 50-day simple moving average of $24.28 and a 200-day simple moving average of $23.72.

PRA Group (NASDAQ:PRAAGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.24. The business had revenue of $255.59 million during the quarter, compared to the consensus estimate of $233.37 million. PRA Group had a negative net margin of 2.37% and a negative return on equity of 1.76%. The company’s quarterly revenue was up 64.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.50) earnings per share. As a group, analysts expect that PRA Group, Inc. will post 0.7 EPS for the current year.

PRA Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

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