PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 252,766 shares of the business services provider's stock after selling 32,134 shares during the period. Ameriprise Financial Inc. owned approximately 0.64% of PRA Group worth $5,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mariner LLC raised its holdings in PRA Group by 4.8% in the 4th quarter. Mariner LLC now owns 11,175 shares of the business services provider's stock valued at $233,000 after buying an additional 515 shares during the period. Hsbc Holdings PLC raised its holdings in PRA Group by 2.9% in the 4th quarter. Hsbc Holdings PLC now owns 37,900 shares of the business services provider's stock valued at $790,000 after buying an additional 1,060 shares during the period. Sterling Capital Management LLC raised its holdings in PRA Group by 805.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock valued at $26,000 after buying an additional 1,104 shares during the period. AlphaQuest LLC raised its holdings in PRA Group by 24.5% in the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock valued at $161,000 after buying an additional 1,513 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in PRA Group by 2.7% in the 4th quarter. New York State Teachers Retirement System now owns 64,091 shares of the business services provider's stock valued at $1,339,000 after buying an additional 1,705 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

PRA Group Stock Up 2.5%

NASDAQ:PRAA traded up $0.34 on Thursday, reaching $14.18. 512,458 shares of the company's stock were exchanged, compared to its average volume of 291,047. The firm has a market capitalization of $562.36 million, a price-to-earnings ratio of 7.92 and a beta of 1.70. The business has a fifty day moving average of $16.96 and a 200-day moving average of $19.82. PRA Group, Inc. has a 52-week low of $12.91 and a 52-week high of $27.54.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.32). PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The business had revenue of $269.62 million for the quarter, compared to analysts' expectations of $288.63 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Brett Lee Paschke bought 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $13.39 per share, for a total transaction of $66,950.00. Following the completion of the purchase, the director now owns 30,056 shares of the company's stock, valued at approximately $402,449.84. This represents a 19.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

PRAA has been the topic of a number of recent research reports. JMP Securities cut their price target on shares of PRA Group from $30.00 to $23.00 and set a "market outperform" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen lowered shares of PRA Group from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

PRA Group 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.