PDT Partners LLC Has $1.37 Million Holdings in PRA Group, Inc. $PRAA

Key Points

• PDT Partners LLC increased its stake in PRA Group, Inc. by 42.3%, owning approximately 0.17% of the company, valued at $1,374,000 as of the latest SEC filing.
• Wall Street analysts have set a consensus price target of $27.50 for PRA Group, with ratings reflecting an overall assessment of "Buy."
• PRA Group reported strong quarterly earnings, with an EPS of $1.08, surpassing analysts' estimates, and revenue of $287.69 million.

PDT Partners LLC grew its holdings in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 42.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,613 shares of the business services provider's stock after purchasing an additional 19,810 shares during the quarter. PDT Partners LLC owned approximately 0.17% of PRA Group worth $1,374,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Virtus Advisers LLC acquired a new stake in PRA Group during the 1st quarter valued at $147,000. Point72 Asset Management L.P. acquired a new position in shares of PRA Group in the 4th quarter valued at about $155,000. State of Wyoming lifted its position 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 valued at $214,000 after purchasing an additional 850 shares during the last quarter. Cetera Investment Advisers bought a new stake in PRA Group in the 4th quarter valued at about $227,000. Finally, AlphaQuest LLC raised its position in shares of PRA Group by 43.4% during the 1st quarter. AlphaQuest LLC now owns 11,024 shares of the business services provider's stock worth $227,000 after buying an additional 3,334 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

PRA Group Price Performance

Shares of NASDAQ PRAA traded down $0.04 during mid-day trading on Monday, hitting $17.14. The company's stock had a trading volume of 56,503 shares, compared to its average volume of 373,880. The company's fifty day simple moving average is $16.05 and its 200-day simple moving average is $16.82. 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 $669.66 million, a price-to-earnings ratio of 7.36 and a beta of 1.50.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 earnings per share 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. On average, sell-side analysts predict that PRA Group, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup reiterated an "outperform" rating on shares of PRA Group in a report on Tuesday, August 5th. JMP Securities set a $24.00 price objective on shares of PRA Group and gave the company a "market outperform" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of PRA Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, PRA Group has a consensus rating of "Buy" and an average target price of $27.50.

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.