Ensign Peak Advisors Inc Has $235,000 Stock Holdings in PRA Group, Inc. $PRAA

Ensign Peak Advisors Inc lowered its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 23.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,940 shares of the business services provider’s stock after selling 4,750 shares during the quarter. Ensign Peak Advisors Inc’s holdings in PRA Group were worth $235,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PRAA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in PRA Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,081 shares of the business services provider’s stock worth $476,000 after buying an additional 1,020 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of PRA Group by 8.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 23,622 shares of the business services provider’s stock worth $347,000 after acquiring an additional 1,775 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in PRA Group by 4.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,378 shares of the business services provider’s stock worth $956,000 after acquiring an additional 1,834 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in PRA Group by 21.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 17,284 shares of the business services provider’s stock worth $255,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in PRA Group by 5.1% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 66,416 shares of the business services provider’s stock valued at $1,374,000 after purchasing an additional 3,200 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on PRAA shares. Citigroup restated an “outperform” rating on shares of PRA Group in a report on Tuesday, August 5th. Zacks Research raised shares of PRA Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. JMP Securities set a $24.00 target price on shares of PRA Group and gave the stock a “market outperform” rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Truist Financial lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PRA Group presently has an average rating of “Moderate Buy” and an average target price of $25.00.

Insider Buying and Selling

In related news, Director Geir Olsen bought 15,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $14.15 per share, with a total value of $212,250.00. Following the completion of the purchase, the director owned 58,933 shares of the company’s stock, valued at $833,901.95. This represents a 34.14% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

PRA Group Price Performance

PRAA opened at $16.29 on Tuesday. The firm has a 50 day simple moving average of $14.90 and a 200 day simple moving average of $15.38. PRA Group, Inc. has a fifty-two week low of $12.29 and a fifty-two week high of $23.97. The company has a market cap of $635.55 million, a price-to-earnings ratio of 6.99 and a beta of 1.41.

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

PRA Group 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.