Squarepoint Ops LLC Has $1.90 Million Stock Holdings in PRA Group, Inc. $PRAA

Squarepoint Ops LLC increased its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 68.1% in the second quarter, Holdings Channel.com reports. The firm owned 99,824 shares of the business services provider’s stock after purchasing an additional 40,439 shares during the quarter. Squarepoint Ops LLC’s holdings in PRA Group were worth $1,896,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. California State Teachers Retirement System lifted its stake in PRA Group by 2,084.8% in the second quarter. California State Teachers Retirement System now owns 793,459 shares of the business services provider’s stock valued at $15,068,000 after buying an additional 757,141 shares in the last quarter. AXQ Capital LP bought a new stake in shares of PRA Group during the second quarter worth $263,000. Headlands Technologies LLC raised its holdings in shares of PRA Group by 34.0% during the second quarter. Headlands Technologies LLC now owns 16,490 shares of the business services provider’s stock worth $313,000 after acquiring an additional 4,185 shares during the period. Susquehanna International Group LLP raised its holdings in shares of PRA Group by 288.0% during the second quarter. Susquehanna International Group LLP now owns 200,848 shares of the business services provider’s stock worth $3,814,000 after acquiring an additional 149,078 shares during the period. Finally, Hsbc Holdings PLC lifted its position in PRA Group by 91.2% in the 2nd quarter. Hsbc Holdings PLC now owns 123,822 shares of the business services provider’s stock valued at $2,275,000 after acquiring an additional 59,071 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

PRA Group Stock Up 2.4%

Shares of PRAA opened at $19.39 on Tuesday. The stock has a market capitalization of $730.03 million, a P/E ratio of -2.88 and a beta of 1.11. PRA Group, Inc. has a twelve month low of $10.25 and a twelve month high of $22.55. The company has a 50 day moving average of $18.56 and a 200-day moving average of $17.84.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.99. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. The firm had revenue of $372.17 million for the quarter, compared to analyst estimates of $299.99 million. On average, sell-side analysts anticipate that PRA Group, Inc. will post 3.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PRAA. Wall Street Zen lowered shares of PRA Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded PRA Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PRA Group has an average rating of “Hold” and a consensus price target of $26.00.

About PRA Group

PRA Group, Inc is a global financial services company that purchases portfolios of accounts receivable from banks, credit unions, consumer finance companies and other creditors. These portfolios generally consist of nonperforming or distressed consumer accounts, including unpaid credit card balances, personal loans and other forms of unsecured debt.

After acquiring receivables, PRA Group works directly with consumers to establish repayment arrangements and resolve outstanding obligations.