Great West Life Assurance Co. Can maintained its stake in PRA Group Inc. (NASDAQ:PRAA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,747 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in PRA Group were worth $139,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in PRA Group by 33.2% in the first quarter. Envestnet Asset Management Inc. now owns 171,847 shares of the company’s stock worth $5,051,000 after buying an additional 42,800 shares during the period. Legal & General Group Plc boosted its position in PRA Group by 40.9% in the first quarter. Legal & General Group Plc now owns 12,659 shares of the company’s stock worth $371,000 after buying an additional 3,676 shares during the period. Renaissance Technologies LLC purchased a new position in PRA Group during the first quarter worth about $2,113,000. Global Alpha Capital Management Ltd. boosted its position in PRA Group by 46.1% in the first quarter. Global Alpha Capital Management Ltd. now owns 143,900 shares of the company’s stock worth $4,229,000 after buying an additional 45,400 shares during the period. Finally, State Street Corp boosted its position in PRA Group by 1.1% in the first quarter. State Street Corp now owns 1,003,888 shares of the company’s stock worth $29,511,000 after buying an additional 10,672 shares during the period.
Shares of PRA Group Inc. (NASDAQ:PRAA) traded down 0.35% during trading on Friday, hitting $33.89. The stock had a trading volume of 173,572 shares. The firm has a 50-day moving average of $30.55 and a 200 day moving average of $28.59. The company has a market capitalization of $1.57 billion, a P/E ratio of 12.61 and a beta of 1.41. PRA Group Inc. has a 1-year low of $20.00 and a 1-year high of $56.00.
PRA Group (NASDAQ:PRAA) last posted its earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The company earned $228.50 million during the quarter, compared to the consensus estimate of $227.92 million. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities research analysts predict that PRA Group Inc. will post $2.96 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded PRA Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. First Analysis assumed coverage on PRA Group in a report on Tuesday, June 7th. They set an “overweight” rating for the company. Finally, William Blair reiterated an “outperform” rating on shares of PRA Group in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.25.
In other PRA Group news, insider Michael J. Petit sold 3,000 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $28.11, for a total value of $84,330.00. Following the completion of the sale, the insider now directly owns 125,157 shares of the company’s stock, valued at approximately $3,518,163.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Petit sold 8,300 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $28.93, for a total transaction of $240,119.00. Following the completion of the sale, the insider now directly owns 116,857 shares of the company’s stock, valued at $3,380,673.01. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
About PRA Group
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
Want to see what other hedge funds are holding PRAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PRA Group Inc. (NASDAQ:PRAA).
Receive News & Ratings for PRA Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.