US Bancorp DE Sells 3,984 Shares of PRA Group, Inc. (NASDAQ:PRAA)

US Bancorp DE reduced its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 11.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 30,203 shares of the business services provider’s stock after selling 3,984 shares during the period. US Bancorp DE owned approximately 0.08% of PRA Group worth $675,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PRA Group in the second quarter worth approximately $29,000. nVerses Capital LLC grew its position in PRA Group by 700.0% during the 2nd quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,400 shares during the last quarter. Innealta Capital LLC purchased a new position in PRA Group in the 2nd quarter worth approximately $57,000. SG Americas Securities LLC purchased a new stake in shares of PRA Group during the first quarter valued at $103,000. Finally, Quest Partners LLC raised its holdings in shares of PRA Group by 14.2% during the second quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 1,267 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Stock Performance

NASDAQ:PRAA opened at $24.18 on Monday. PRA Group, Inc. has a fifty-two week low of $15.63 and a fifty-two week high of $31.43. The firm has a market capitalization of $953.18 million, a PE ratio of 21.98 and a beta of 1.50. The stock’s fifty day moving average is $21.43 and its 200 day moving average is $22.02.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.37. The company had revenue of $281.48 million during the quarter, compared to analyst estimates of $262.20 million. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.31) EPS. Equities analysts forecast that PRA Group, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

PRAA has been the subject of a number of recent research reports. Truist Financial boosted their price target on PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

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.