Ameriprise Financial Inc. Sells 32,134 Shares of PRA Group, Inc. (NASDAQ:PRAA)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of PRAA. Sterling Capital Management LLC grew its position in PRA Group by 805.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock valued at $26,000 after acquiring an additional 1,104 shares during the period. Quarry LP lifted its holdings in shares of PRA Group by 154.2% during the fourth quarter. Quarry LP now owns 3,345 shares of the business services provider's stock valued at $70,000 after acquiring an additional 2,029 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of PRA Group in the 4th quarter valued at $134,000. Headlands Technologies LLC grew its holdings in shares of PRA Group by 231.3% in the 4th quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock worth $152,000 after purchasing an additional 5,081 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of PRA Group by 24.5% in the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock worth $161,000 after purchasing an additional 1,513 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

PRA Group Stock Up 0.7%

PRAA traded up $0.10 during trading on Thursday, hitting $13.94. The company's stock had a trading volume of 41,645 shares, compared to its average volume of 380,633. The stock has a market capitalization of $552.65 million, a price-to-earnings ratio of 7.78 and a beta of 1.70. The firm's 50 day moving average price is $17.10 and its two-hundred day moving average price is $19.89. PRA Group, Inc. has a 12 month low of $12.91 and a 12 month high of $27.54.

PRA Group (NASDAQ:PRAA - Get Free Report) last released 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). The business had revenue of $269.62 million during the quarter, compared to the consensus estimate of $288.63 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, sell-side analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Insider Buying and Selling at PRA Group

In other news, Director Brett Lee Paschke acquired 5,000 shares of PRA Group stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $13.39 per share, with a total value of $66,950.00. Following the acquisition, the director now owns 30,056 shares in the company, valued at $402,449.84. This represents a 19.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

PRAA has been the subject of several analyst reports. JMP Securities cut their price target on shares of PRA Group from $30.00 to $23.00 and set a "market outperform" rating for the company in a report on Tuesday, May 6th. Wall Street Zen lowered shares of PRA Group from a "hold" rating to a "sell" rating in a report 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.