10,857 Shares in PRA Group, Inc. (NASDAQ:PRAA) Purchased by Cetera Investment Advisers

Cetera Investment Advisers bought a new stake in PRA Group, Inc. (NASDAQ:PRAA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,857 shares of the business services provider’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sterling Capital Management LLC grew its position in PRA Group by 805.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider’s stock valued at $26,000 after buying an additional 1,104 shares during the last quarter. Quarry LP boosted its holdings in shares of PRA Group by 154.2% in the fourth quarter. Quarry LP now owns 3,345 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 2,029 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of PRA Group in the fourth quarter valued at about $134,000. Headlands Technologies LLC boosted its holdings in shares of PRA Group by 231.3% in the fourth quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 5,081 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of PRA Group by 24.5% in the fourth quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 1,513 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PRA Group news, Director Brett Lee Paschke purchased 5,000 shares of PRA Group stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $13.39 per share, with a total value of $66,950.00. Following the completion of the acquisition, the director now directly owns 30,056 shares of the company’s stock, valued at approximately $402,449.84. This trade represents a 19.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

PRA Group Trading Up 0.2%

PRAA stock opened at $14.21 on Friday. The company has a market cap of $563.55 million, a P/E ratio of 7.94 and a beta of 1.70. PRA Group, Inc. has a 52 week low of $12.91 and a 52 week high of $27.54. The company’s 50-day moving average price is $16.83 and its 200 day moving average price is $19.73.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Monday, May 5th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.32). The firm had revenue of $269.62 million for the quarter, compared to analysts’ expectations of $288.63 million. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. PRA Group’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. On average, equities research analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JMP Securities lowered their price objective on PRA Group from $30.00 to $23.00 and set a “market outperform” rating on the stock in a report on Tuesday, May 6th. Wall Street Zen downgraded PRA Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

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.