PRA Group, Inc. (NASDAQ:PRAA) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in PRA Group, Inc. (NASDAQ:PRAA) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 929,184 shares of the business services provider’s stock after purchasing an additional 19,134 shares during the period. Geode Capital Management LLC’s holdings in PRA Group were worth $20,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PRAA. Point72 Asia Singapore Pte. Ltd. purchased a new position in PRA Group in the 2nd quarter valued at approximately $29,000. Quarry LP raised its stake in shares of PRA Group by 282.6% in the third quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 972 shares in the last quarter. nVerses Capital LLC raised its stake in shares of PRA Group by 700.0% in the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,400 shares in the last quarter. FMR LLC boosted its holdings in PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 606 shares during the period. Finally, Point72 DIFC Ltd grew its stake in PRA Group by 388.6% during the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Truist Financial lifted their price target on shares of PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

PRA Group Price Performance

NASDAQ:PRAA opened at $20.46 on Friday. PRA Group, Inc. has a 12 month low of $18.64 and a 12 month high of $31.43. The firm has a market capitalization of $806.68 million, a PE ratio of 18.60 and a beta of 1.49. The business’s fifty day moving average price is $21.33 and its 200 day moving average price is $21.62.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.37. PRA Group had a return on equity of 2.90% and a net margin of 4.16%. The business had revenue of $281.48 million during the quarter, compared to analysts’ expectations of $262.20 million. During the same period in the prior year, the firm posted ($0.31) EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, equities analysts anticipate that PRA Group, Inc. will post 1.57 EPS for the current year.

About PRA Group

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.