Vanguard Group Inc. Has $89.13 Million Stock Holdings in PRA Group, Inc. $PRAA

Key Points

• Vanguard Group Inc. has increased its stake in PRA Group, Inc. to about 10.90%, holding 4,322,609 shares valued at approximately $89.1 million as of the latest SEC filing.
• PRA Group recently reported earnings of $1.08 per share, significantly above the consensus estimate of $0.62, alongside a revenue of $287.69 million.
• Analysts are optimistic about PRA Group's growth, with a consensus "Buy" rating and a price target of $27.50, reflecting positive market sentiment.

Vanguard Group Inc. raised its stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 0.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,322,609 shares of the business services provider's stock after buying an additional 21,934 shares during the quarter. Vanguard Group Inc. owned approximately 10.90% of PRA Group worth $89,132,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PRAA. Sterling Capital Management LLC raised its stake 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 in the last quarter. 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 purchasing an additional 2,029 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in PRA Group during the 4th quarter worth about $155,000. State of Wyoming increased its position in shares of PRA Group by 9.0% in the fourth quarter. State of Wyoming now owns 10,255 shares of the business services provider's stock worth $214,000 after acquiring an additional 850 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of PRA Group during the 4th quarter valued at $227,000. Institutional investors own 97.22% of the company's stock.

PRA Group Stock Down 0.8%

PRA Group stock traded down $0.14 on Wednesday, hitting $17.01. The company's stock had a trading volume of 76,936 shares, compared to its average volume of 382,628. PRA Group, Inc. has a one year low of $12.91 and a one year high of $25.43. The firm has a market cap of $664.45 million, a P/E ratio of 7.30 and a beta of 1.54. The company has a fifty day moving average price of $15.71 and a 200-day moving average price of $17.22.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $1.08 earnings per share for the quarter, beating 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. Analysts anticipate that PRA Group, Inc. will post 2.1 EPS for the current year.

Wall Street Analyst Weigh In

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

About PRA Group

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.