Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in PRA Group, Inc. $PRAA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of PRA Group, Inc. (NASDAQ:PRAA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,182 shares of the business services provider’s stock, valued at approximately $150,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of PRA Group by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 4,322,609 shares of the business services provider’s stock worth $89,132,000 after acquiring an additional 21,934 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of PRA Group by 3.2% in the first quarter. Wellington Management Group LLP now owns 3,881,917 shares of the business services provider’s stock valued at $80,045,000 after purchasing an additional 120,965 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in shares of PRA Group by 4.6% in the second quarter. Global Alpha Capital Management Ltd. now owns 2,111,800 shares of the business services provider’s stock valued at $31,149,000 after purchasing an additional 93,600 shares during the period. T. Rowe Price Investment Management Inc. increased its position in PRA Group by 1.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,883,567 shares of the business services provider’s stock worth $38,840,000 after purchasing an additional 21,627 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in PRA Group by 1.5% during the second quarter. Geode Capital Management LLC now owns 960,839 shares of the business services provider’s stock worth $14,175,000 after purchasing an additional 14,197 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Stock Down 0.5%

PRAA opened at $16.20 on Friday. PRA Group, Inc. has a 52 week low of $12.29 and a 52 week high of $23.97. The business has a fifty day simple moving average of $14.91 and a 200-day simple moving average of $15.37. The firm has a market cap of $631.85 million, a P/E ratio of 6.95 and a beta of 1.41.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.03. PRA Group had a return on equity of 6.52% and a net margin of 8.10%.The firm had revenue of $247.08 million for the quarter, compared to analyst estimates of $295.77 million. Sell-side analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Insider Activity at PRA Group

In other PRA Group news, Director Geir Olsen acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $14.15 per share, for a total transaction of $212,250.00. Following the completion of the acquisition, the director owned 58,933 shares of the company’s stock, valued at approximately $833,901.95. This trade represents a 34.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PRAA shares. Truist Financial cut their price target on shares of PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. JMP Securities set a $24.00 price objective on PRA Group and gave the stock a “market outperform” rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded PRA Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup reaffirmed an “outperform” rating on shares of PRA Group in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PRA Group currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

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.