Charles Schwab Investment Management Inc. Sells 18,012 Shares of PRA Group, Inc. $PRAA

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in PRA Group, Inc. by 3.8%, owning 450,232 shares worth approximately $9.28 million after selling 18,012 shares in Q1.
• Institutional investors hold 97.22% of PRA Group's stock, with significant increases from firms like Vanguard Group Inc. and D. E. Shaw & Co. Inc. during the last quarter.
• PRA Group reported a quarterly EPS of $1.08, surpassing estimates, and has received analyst ratings with a consensus of "Buy" and an average target price of $27.50.

Charles Schwab Investment Management Inc. trimmed its stake in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 450,232 shares of the business services provider's stock after selling 18,012 shares during the period. Charles Schwab Investment Management Inc. owned about 1.14% of PRA Group worth $9,284,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PRAA. Mariner LLC lifted its holdings in shares of PRA Group by 4.8% in the fourth quarter. Mariner LLC now owns 11,175 shares of the business services provider's stock valued at $233,000 after purchasing an additional 515 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in PRA Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,061 shares of the business services provider's stock valued at $461,000 after buying an additional 779 shares during the period. State of Wyoming lifted its stake in PRA Group by 9.0% in the 4th quarter. State of Wyoming now owns 10,255 shares of the business services provider's stock worth $214,000 after acquiring an additional 850 shares in the last quarter. Hsbc Holdings PLC boosted its position in PRA Group by 2.9% during the 4th quarter. Hsbc Holdings PLC now owns 37,900 shares of the business services provider's stock worth $790,000 after acquiring an additional 1,060 shares during the period. Finally, Knights of Columbus Asset Advisors LLC boosted its position in PRA Group by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 76,125 shares of the business services provider's stock worth $1,570,000 after acquiring an additional 2,012 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PRAA. JMP Securities set a $24.00 price objective on shares of PRA Group and gave the company a "market outperform" rating 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 report on Saturday, August 9th. Finally, Citigroup reissued an "outperform" rating on shares of PRA Group in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $27.50.

PRA Group Price Performance

Shares of NASDAQ PRAA traded up $0.14 during mid-day trading on Friday, hitting $17.09. The company's stock had a trading volume of 163,539 shares, compared to its average volume of 380,851. The company's fifty day simple moving average is $15.80 and its 200-day simple moving average is $17.18. PRA Group, Inc. has a one year low of $12.91 and a one year high of $25.43. The stock has a market cap of $667.71 million, a price-to-earnings ratio of 7.33 and a beta of 1.54.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly 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%. On average, sell-side analysts predict that PRA Group, Inc. will post 2.1 EPS for the current year.

About PRA Group

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.