Rhumbline Advisers Has $2.37 Million Stock Position in PRA Group, Inc. $PRAA

Rhumbline Advisers lessened its stake in PRA Group, Inc. (NASDAQ:PRAA) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,010 shares of the business services provider’s stock after selling 4,564 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of PRA Group worth $2,371,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PRAA. Cetera Investment Advisers acquired a new stake in shares of PRA Group in the 4th quarter valued at approximately $227,000. Deutsche Bank AG boosted its holdings in shares of PRA Group by 48.5% in the 4th quarter. Deutsche Bank AG now owns 34,538 shares of the business services provider’s stock valued at $721,000 after buying an additional 11,277 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of PRA Group in the 4th quarter valued at approximately $375,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of PRA Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,061 shares of the business services provider’s stock valued at $461,000 after buying an additional 779 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of PRA Group by 48.8% in the 4th quarter. Millennium Management LLC now owns 151,227 shares of the business services provider’s stock valued at $3,159,000 after buying an additional 49,623 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Price Performance

PRAA stock opened at $16.59 on Wednesday. The stock has a market capitalization of $648.17 million, a price-to-earnings ratio of 7.12 and a beta of 1.50. The business’s fifty day moving average price is $16.26 and its two-hundred day moving average price is $16.62. PRA Group, Inc. has a fifty-two week low of $12.91 and a fifty-two week high of $25.43.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.46. The firm had revenue of $287.69 million for the quarter, compared to analysts’ expectations of $279.34 million. PRA Group had a return on equity of 6.52% and a net margin of 8.10%. Research analysts expect that PRA Group, Inc. will post 2.1 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on PRAA shares. Citigroup reissued an “outperform” rating on shares of PRA Group in a report on Tuesday, August 5th. Wall Street Zen raised PRA Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, JMP Securities set a $24.00 price objective on PRA Group and gave the company a “market outperform” rating in a 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 price target of $27.50.

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.