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

Ameriprise Financial Inc. lowered its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

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

PRA Group Price Performance

NASDAQ PRAA traded up $0.31 during mid-day trading on Tuesday, reaching $13.94. The stock had a trading volume of 451,304 shares, compared to its average volume of 288,449. The stock has a market cap of $552.85 million, a PE ratio of 7.79 and a beta of 1.70. PRA Group, Inc. has a 1 year low of $12.91 and a 1 year high of $27.54. The company has a fifty day moving average price of $17.36 and a 200 day moving average price of $19.97.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its earnings results on Monday, May 5th. The business services provider reported $0.09 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 return on equity of 5.16% and a net margin of 6.33%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. As a group, equities research analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Insider Activity

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

Analyst Ratings Changes

Several brokerages have recently weighed in on PRAA. JMP Securities reduced their price target on 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 downgraded shares of PRA Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

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.