PRA Group, Inc. $PRAA Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in PRA Group, Inc. (NASDAQ:PRAA) by 144.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 280,525 shares of the business services provider’s stock after acquiring an additional 165,951 shares during the quarter. American Century Companies Inc. owned 0.71% of PRA Group worth $5,784,000 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. Man Group plc acquired a new stake in shares of PRA Group in the fourth quarter worth $868,000. Wolverine Asset Management LLC increased its stake in shares of PRA Group by 63.9% in the first quarter. Wolverine Asset Management LLC now owns 56,698 shares of the business services provider’s stock worth $1,169,000 after acquiring an additional 22,114 shares during the period. Global Alpha Capital Management Ltd. increased its stake in shares of PRA Group by 6.4% in the first quarter. Global Alpha Capital Management Ltd. now owns 2,018,200 shares of the business services provider’s stock worth $41,615,000 after acquiring an additional 122,200 shares during the period. Deutsche Bank AG increased its stake in shares of PRA Group by 156.1% in the first quarter. Deutsche Bank AG now owns 88,460 shares of the business services provider’s stock worth $1,824,000 after acquiring an additional 53,922 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of PRA Group by 85.3% in the first quarter. Assenagon Asset Management S.A. now owns 405,595 shares of the business services provider’s stock worth $8,363,000 after acquiring an additional 186,724 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JMP Securities set a $24.00 price objective on shares of PRA Group and gave the company a “market outperform” rating in a report on Tuesday, August 5th. Wall Street Zen raised shares of PRA Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Citigroup reaffirmed an “outperform” rating on shares of PRA Group in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $27.50.

PRA Group Stock Down 0.8%

Shares of NASDAQ PRAA opened at $16.95 on Friday. The company’s 50-day simple moving average is $15.80 and its 200-day simple moving average is $17.18. PRA Group, Inc. has a 52-week low of $12.91 and a 52-week high of $25.43. The firm has a market cap of $662.24 million, a price-to-earnings ratio of 7.27 and a beta of 1.54.

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

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.