PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,177 shares of the business services provider’s stock after selling 2,676 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of PRA Group worth $2,106,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in PRA Group during the second quarter worth about $29,000. nVerses Capital LLC grew its holdings in PRA Group by 700.0% during the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,400 shares during the period. FMR LLC increased its stake in PRA Group by 55.0% in the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after purchasing an additional 606 shares in the last quarter. Innealta Capital LLC purchased a new position in PRA Group in the 2nd quarter worth about $57,000. Finally, Quest Partners LLC increased its stake in PRA Group by 14.2% in the 2nd quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock worth $200,000 after purchasing an additional 1,267 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

PRA Group Stock Performance

Shares of PRAA stock opened at $21.11 on Monday. The stock’s 50 day simple moving average is $21.38 and its 200 day simple moving average is $21.60. PRA Group, Inc. has a twelve month low of $18.64 and a twelve month high of $31.43. The company has a market capitalization of $832.37 million, a price-to-earnings ratio of 19.19 and a beta of 1.49.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.32 by $0.37. The company had revenue of $281.48 million for the quarter, compared to the consensus estimate of $262.20 million. PRA Group had a return on equity of 2.90% and a net margin of 4.16%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.31) EPS. On average, analysts forecast that PRA Group, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PRAA has been the topic of a number of analyst reports. Truist Financial lifted their price target on PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

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.