Jump Financial LLC Increases Position in PRA Group, Inc. $PRAA

Key Points

• Jump Financial LLC has increased its stake in PRA Group, Inc. by 27.6%, now owning 76,038 shares valued at approximately $1,568,000.
• Despite a 0.8% drop in stock price, PRA Group reported $1.08 earnings per share in its latest quarter, significantly exceeding analysts' expectations.
• Analysts maintain a consensus rating of "Buy" for PRA Group, with a price target of $27.50, reflecting positive growth expectations.

Jump Financial LLC increased its stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,038 shares of the business services provider's stock after acquiring an additional 16,438 shares during the period. Jump Financial LLC owned approximately 0.19% of PRA Group worth $1,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AlphaQuest LLC grew its position in PRA Group by 43.4% in the first quarter. AlphaQuest LLC now owns 11,024 shares of the business services provider's stock worth $227,000 after acquiring an additional 3,334 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in PRA Group by 1.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,883,567 shares of the business services provider's stock worth $38,840,000 after acquiring an additional 21,627 shares in the last quarter. Hsbc Holdings PLC grew its position in PRA Group by 110.5% in the first quarter. Hsbc Holdings PLC now owns 79,775 shares of the business services provider's stock worth $1,641,000 after acquiring an additional 41,875 shares in the last quarter. Wellington Management Group LLP grew its position in PRA Group by 3.2% in the first quarter. Wellington Management Group LLP now owns 3,881,917 shares of the business services provider's stock worth $80,045,000 after acquiring an additional 120,965 shares in the last quarter. Finally, Versor Investments LP bought a new stake in PRA Group in the first quarter worth about $254,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PRAA. Citigroup reissued an "outperform" rating on shares of PRA Group in a research note 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 price target on shares of PRA Group and gave the company a "market outperform" rating in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $27.50.

PRA Group Stock Performance

NASDAQ:PRAA traded down $0.10 during trading hours on Wednesday, reaching $16.80. The company's stock had a trading volume of 16,692 shares, compared to its average volume of 377,400. The company has a market capitalization of $656.38 million, a P/E ratio of 7.22 and a beta of 1.50. PRA Group, Inc. has a 12 month low of $12.91 and a 12 month high of $25.43. The stock has a 50 day moving average price of $15.93 and a two-hundred day moving average price of $17.00.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.46. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. The business had revenue of $287.69 million for the quarter, compared to analyst estimates of $279.34 million. As a group, analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal 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.