Caxton Associates LLP Invests $419,000 in PRA Group, Inc. $PRAA

Key Points

• Caxton Associates LLP acquired 20,322 shares of PRA Group, Inc. during the 1st quarter, valued at approximately $419,000, bringing its ownership to about 0.05% of the company.
• Analysts have raised their ratings on PRA Group, with Wall Street Zen upgrading it from a "sell" to a "hold" and Citigroup maintaining an "outperform" rating; the stock has a consensus rating of "Buy".
• PRA Group reported better-than-expected earnings, with an EPS of $1.08, exceeding estimates by $0.46, and generated revenue of $287.69 million for the quarter.

Caxton Associates LLP acquired a new position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,322 shares of the business services provider's stock, valued at approximately $419,000. Caxton Associates LLP owned approximately 0.05% of PRA Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 worth $476,000 after acquiring an additional 1,020 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in shares of PRA Group by 5.1% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 66,416 shares of the business services provider's stock valued at $1,374,000 after purchasing an additional 3,200 shares during the last quarter. PDT Partners LLC lifted its stake in shares of PRA Group by 42.3% in the 1st quarter. PDT Partners LLC now owns 66,613 shares of the business services provider's stock valued at $1,374,000 after purchasing an additional 19,810 shares during the last quarter. State of Wyoming boosted its holdings in shares of PRA Group by 79.8% in the 1st quarter. State of Wyoming now owns 18,442 shares of the business services provider's stock worth $380,000 after purchasing an additional 8,187 shares during the period. Finally, Topline Capital Management LLC bought a new position in shares of PRA Group during the 1st quarter valued at approximately $17,299,000. 97.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PRAA. Citigroup restated an "outperform" rating on shares of PRA Group in a research report on Tuesday, August 5th. Wall Street Zen raised shares of PRA Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JMP Securities set a $24.00 target price on shares of PRA Group and gave the stock a "market outperform" rating in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $27.50.

PRA Group Trading Down 0.9%

Shares of NASDAQ PRAA traded down $0.15 during mid-day trading on Monday, reaching $16.67. The company had a trading volume of 265,178 shares, compared to its average volume of 192,357. The stock has a market cap of $651.30 million, a price-to-earnings ratio of 7.15 and a beta of 1.50. 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 $16.24 and its 200-day moving average is $16.62.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 earnings per share 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 analyst estimates of $279.34 million. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. As a group, equities research analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current 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.