Capital Management Corp VA Raises Stock Holdings in PRA Group, Inc. $PRAA

Capital Management Corp VA increased its holdings in shares of PRA Group, Inc. (NASDAQ:PRAAFree Report) by 56.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 551,523 shares of the business services provider’s stock after acquiring an additional 198,152 shares during the period. PRA Group accounts for about 1.4% of Capital Management Corp VA’s holdings, making the stock its 29th biggest holding. Capital Management Corp VA’s holdings in PRA Group were worth $8,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PRAA. GAMMA Investing LLC increased its stake in shares of PRA Group by 2,730.2% during the first quarter. GAMMA Investing LLC now owns 17,321 shares of the business services provider’s stock worth $357,000 after purchasing an additional 16,709 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in PRA Group by 14.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,182 shares of the business services provider’s stock valued at $849,000 after purchasing an additional 5,123 shares during the last quarter. Principal Financial Group Inc. raised its stake in PRA Group by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 196,312 shares of the business services provider’s stock valued at $4,048,000 after purchasing an additional 5,144 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of PRA Group by 3.3% in the first quarter. Envestnet Asset Management Inc. now owns 119,502 shares of the business services provider’s stock valued at $2,464,000 after buying an additional 3,816 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in PRA Group in the 1st quarter valued at about $294,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Stock Up 5.1%

Shares of NASDAQ PRAA opened at $14.31 on Wednesday. The firm has a market cap of $559.15 million, a price-to-earnings ratio of 6.14 and a beta of 1.45. PRA Group, Inc. has a 52-week low of $12.91 and a 52-week high of $25.43. The business’s 50 day moving average is $16.08 and its two-hundred day moving average is $15.97.

PRA Group (NASDAQ:PRAAGet Free Report) last announced its earnings results on Monday, August 4th. The business services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.46. The company had revenue of $287.69 million during the quarter, compared to analysts’ expectations of $279.34 million. PRA Group had a return on equity of 6.52% and a net margin of 8.10%. Analysts anticipate that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

PRAA has been the topic of several recent research reports. Wall Street Zen upgraded PRA Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of PRA Group in a research note on Wednesday, October 8th. Citigroup restated an “outperform” rating on shares of PRA Group in a research report on Tuesday, August 5th. Finally, JMP Securities set a $24.00 price target on PRA Group and gave the stock a “market outperform” rating in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.50.

Read Our Latest Report on PRA Group

PRA Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

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