WINTON GROUP Ltd Has $569,000 Holdings in PRA Group, Inc. $PRAA

WINTON GROUP Ltd lessened its position in PRA Group, Inc. (NASDAQ:PRAA) by 57.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 32,167 shares of the business services provider’s stock after selling 44,289 shares during the period. WINTON GROUP Ltd’s holdings in PRA Group were worth $569,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PRAA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of PRA Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,081 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 1,020 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of PRA Group by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,004 shares of the business services provider’s stock valued at $2,248,000 after purchasing an additional 4,010 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of PRA Group by 28.8% in the second quarter. Cetera Investment Advisers now owns 14,446 shares of the business services provider’s stock valued at $213,000 after purchasing an additional 3,229 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of PRA Group by 59.1% in the second quarter. JPMorgan Chase & Co. now owns 217,861 shares of the business services provider’s stock valued at $3,213,000 after purchasing an additional 80,945 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of PRA Group by 15.5% in the second quarter. Invesco Ltd. now owns 819,742 shares of the business services provider’s stock valued at $12,091,000 after purchasing an additional 109,857 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered PRA Group from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PRA Group presently has an average rating of “Hold” and a consensus price target of $25.00.

PRA Group Trading Down 1.9%

Shares of PRA Group stock opened at $15.24 on Thursday. The business’s fifty day simple moving average is $17.78 and its 200 day simple moving average is $16.46. The firm has a market capitalization of $581.25 million, a P/E ratio of -2.13 and a beta of 1.14. PRA Group, Inc. has a 12 month low of $10.25 and a 12 month high of $22.55.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.22. The business had revenue of $314.53 million for the quarter, compared to analyst estimates of $295.90 million. PRA Group had a positive return on equity of 13.19% and a negative net margin of 22.51%. Analysts predict that PRA Group, Inc. will post 2.52 EPS for the current fiscal year.

PRA Group Profile

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.