Public Employees Retirement System of Ohio Buys 42,119 Shares of PRA Group, Inc. $PRAA

Public Employees Retirement System of Ohio boosted its stake in PRA Group, Inc. (NASDAQ:PRAA) by 2,650.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,708 shares of the business services provider’s stock after purchasing an additional 42,119 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of PRA Group worth $645,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Topline Capital Management LLC acquired a new position in shares of PRA Group in the 1st quarter valued at approximately $17,299,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PRA Group during the first quarter valued at approximately $5,413,000. Assenagon Asset Management S.A. lifted its stake in PRA Group by 85.3% during 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 purchasing an additional 186,724 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of PRA Group by 144.8% in the 1st quarter. American Century Companies Inc. now owns 280,525 shares of the business services provider’s stock valued at $5,784,000 after purchasing an additional 165,951 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of PRA Group in the 1st quarter valued at $3,000,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

PRA Group Stock Performance

PRAA stock opened at $14.85 on Monday. The stock’s 50 day simple moving average is $16.31 and its 200 day simple moving average is $16.27. The company has a market cap of $580.25 million, a P/E ratio of 6.37 and a beta of 1.45. 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 released its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.62 by $0.46. PRA Group had a return on equity of 6.52% and a net margin of 8.10%.The firm had revenue of $287.69 million during the quarter, compared to the consensus estimate of $279.34 million. Equities analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

PRAA has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of PRA Group in a research report on Saturday, September 27th. JMP Securities set a $24.00 target price on PRA Group and gave the stock a “market outperform” rating in a research note on Tuesday, August 5th. Citigroup reissued an “outperform” rating on shares of PRA Group in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.