Invesco Ltd. Has $14.64 Million Holdings in PRA Group, Inc. $PRAA

Invesco Ltd. cut its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 709,885 shares of the business services provider’s stock after selling 89,422 shares during the period. Invesco Ltd. owned 1.79% of PRA Group worth $14,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its position in PRA Group by 805.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 1,104 shares during the period. Quarry LP lifted its position in PRA Group by 154.2% during the 4th quarter. Quarry LP now owns 3,345 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 2,029 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of PRA Group during the 4th quarter worth about $155,000. State of Wyoming grew its position in shares of PRA Group by 9.0% during the 4th quarter. State of Wyoming now owns 10,255 shares of the business services provider’s stock worth $214,000 after buying an additional 850 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of PRA Group during the 4th quarter worth about $227,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded PRA Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JMP Securities set a $24.00 target price on PRA Group and gave the stock a “market outperform” rating in a research report on Tuesday, August 5th. Finally, Citigroup restated an “outperform” rating on shares of PRA Group in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $27.50.

PRA Group Price Performance

NASDAQ PRAA opened at $17.34 on Friday. The firm has a market cap of $677.47 million, a P/E ratio of 7.44 and a beta of 1.54. The stock’s 50-day moving average is $15.60 and its 200-day moving average is $17.34. PRA Group, Inc. has a one year low of $12.91 and a one year high of $25.43.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Monday, August 4th. The business services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.46. The company had revenue of $287.69 million for the quarter, compared to analyst estimates of $279.34 million. PRA Group had a return on equity of 6.52% and a net margin of 8.10%. Equities analysts anticipate that PRA Group, Inc. will post 2.1 EPS 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.