PRA Group, Inc. (NASDAQ:PRAA) Stock Position Increased by Quarry LP

Quarry LP grew its position in PRA Group, Inc. (NASDAQ:PRAA) by 282.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,316 shares of the business services provider’s stock after buying an additional 972 shares during the period. Quarry LP’s holdings in PRA Group were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PRAA. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PRA Group during the second quarter worth approximately $29,000. nVerses Capital LLC boosted its position in PRA Group by 700.0% during the 2nd quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,400 shares during the period. FMR LLC grew its stake in shares of PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after purchasing an additional 606 shares in the last quarter. Point72 DIFC Ltd increased its holdings in shares of PRA Group by 388.6% during the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,710 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of PRA Group during the second quarter valued at about $57,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Ratings Changes

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

PRA Group Stock Up 0.3 %

NASDAQ:PRAA opened at $21.49 on Friday. The business’s 50-day moving average price is $21.40 and its 200 day moving average price is $21.61. PRA Group, Inc. has a 52-week low of $18.64 and a 52-week high of $31.43. The firm has a market cap of $847.29 million, a P/E ratio of 19.54 and a beta of 1.49.

PRA Group (NASDAQ:PRAA) last released its earnings results on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. The business had revenue of $281.48 million for the quarter, compared to the consensus estimate of $262.20 million. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.31) EPS. Sell-side analysts expect that PRA Group, Inc. will post 1.57 EPS for the current year.

PRA Group 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.