Susquehanna International Group LLP Purchases 149,078 Shares of PRA Group, Inc. $PRAA

Key Points

• Susquehanna International Group increased its PRA Group stake by 288% in the second quarter, acquiring 149,078 shares and bringing its holdings to 200,848 shares. Institutional investors collectively own 97.22% of the company.
• Analyst sentiment remains mixed: PRA Group received upgrades from Zacks Research and Wall Street Zen, but Weiss Ratings maintained a sell rating. The stock carries an average “Hold” rating with a $26.00 target price.
• PRA Group reported quarterly EPS of $1.51, significantly exceeding the $0.52 consensus estimate, while revenue of $372.17 million also surpassed expectations. Shares opened at $19.14, with a 52-week range of $10.25 to $22.55.

Susquehanna International Group LLP boosted its position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 288.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,848 shares of the business services provider's stock after acquiring an additional 149,078 shares during the period. Susquehanna International Group LLP owned 0.53% of PRA Group worth $3,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PRAA. Los Angeles Capital Management LLC acquired a new stake in PRA Group during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC increased its position in shares of PRA Group by 145.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider's stock valued at $44,000 after buying an additional 1,471 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in PRA Group in the 2nd quarter valued at about $49,000. Larson Financial Group LLC boosted its stake in PRA Group by 146.8% during the 4th quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider's stock worth $50,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of PRA Group by 375.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider's stock worth $71,000 after purchasing an additional 3,777 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research raised PRA Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PRA Group in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of PRA Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, PRA Group presently has an average rating of "Hold" and an average target price of $26.00.

PRA Group Stock Performance

Shares of PRAA stock opened at $19.14 on Monday. PRA Group, Inc. has a one year low of $10.25 and a one year high of $22.55. The firm has a market capitalization of $720.58 million, a price-to-earnings ratio of -2.84 and a beta of 1.11. The company has a 50 day moving average price of $18.40 and a 200 day moving average price of $17.22.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $0.52 by $0.99. The firm had revenue of $372.17 million for the quarter, compared to analyst estimates of $299.99 million. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. As a group, equities analysts forecast that PRA Group, Inc. will post 3.93 EPS for the current fiscal year.

PRA Group Profile

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company's core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.

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