PNC Financial Services Group Inc. Has $72,000 Position in PRA Group, Inc. (NASDAQ:PRAA)

PNC Financial Services Group Inc. reduced its stake in PRA Group, Inc. (NASDAQ:PRAA) by 14.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,451 shares of the business services provider’s stock after selling 606 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PRA Group were worth $72,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PRAA. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of PRA Group by 117.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,087 shares of the business services provider’s stock valued at $762,000 after buying an additional 18,407 shares during the last quarter. Intech Investment Management LLC boosted its stake in PRA Group by 69.0% in the third quarter. Intech Investment Management LLC now owns 20,211 shares of the business services provider’s stock valued at $452,000 after acquiring an additional 8,250 shares during the last quarter. FMR LLC grew its holdings in PRA Group by 55.0% during the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after acquiring an additional 606 shares during the period. Verition Fund Management LLC acquired a new stake in shares of PRA Group during the third quarter worth $303,000. Finally, ClearAlpha Technologies LP bought a new stake in shares of PRA Group in the 3rd quarter valued at about $294,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

PRA Group Trading Down 0.7 %

Shares of PRA Group stock opened at $20.93 on Wednesday. The company has a market capitalization of $826.94 million, a PE ratio of 11.69 and a beta of 1.64. The stock’s fifty day simple moving average is $21.45 and its 200 day simple moving average is $21.35. PRA Group, Inc. has a 12 month low of $18.09 and a 12 month high of $28.64.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Wednesday, February 19th. The business services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. Analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

PRA Group Company 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.