PRA Group, Inc. $PRAA Holdings Raised by Susquehanna International Group LLP

Susquehanna International Group LLP boosted its position in PRA Group, Inc. (NASDAQ:PRAA) by 288.0% in the second quarter, HoldingsChannel.com reports. The firm owned 200,848 shares of the business services provider’s stock after purchasing an additional 149,078 shares during the quarter. Susquehanna International Group LLP’s holdings in PRA Group were worth $3,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PRAA. The Manufacturers Life Insurance Company lifted its position in shares of PRA Group by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,523 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 768 shares in the last quarter. Focus Partners Wealth increased its holdings in PRA Group by 1.0% in the fourth quarter. Focus Partners Wealth now owns 94,900 shares of the business services provider’s stock worth $1,679,000 after buying an additional 927 shares during the last quarter. Mariner LLC boosted its holdings in PRA Group by 3.2% in the third quarter. Mariner LLC now owns 31,045 shares of the business services provider’s stock worth $479,000 after purchasing an additional 975 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 valued at $476,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of PRA Group by 1.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 77,216 shares of the business services provider’s stock valued at $1,366,000 after purchasing an additional 1,100 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of PRA Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a research note on Wednesday, June 24th. Finally, Zacks Research raised PRA Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PRA Group has an average rating of “Hold” and a consensus target price of $26.00.

PRA Group Stock Performance

Shares of NASDAQ PRAA opened at $19.14 on Monday. The firm has a market cap of $720.58 million, a PE ratio of -2.84 and a beta of 1.11. PRA Group, Inc. has a 1-year low of $10.25 and a 1-year high of $22.55. The company has a fifty day moving average price of $18.40 and a 200 day moving average price of $17.22.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.99. The firm had revenue of $372.17 million during the quarter, compared to analysts’ expectations of $299.99 million. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. Equities research analysts forecast that PRA Group, Inc. will post 3.93 EPS for the current year.

PRA Group Profile

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.