Trexquant Investment LP Acquires New Holdings in PRA Group, Inc. $PRAA

Key Points

• Trexquant Investment LP acquired a new stake in PRA Group, purchasing 56,892 shares valued at approximately $1,173,000, bringing its ownership to 0.14% as per the latest SEC filing.
• PRA Group reported earnings per share of $1.08 for the recent quarter, significantly exceeding the consensus estimate of $0.62, and achieved revenue of $287.69 million against an expectation of $279.34 million.
• Analysts have given PRA Group a favorable outlook, with a current average price target of $27.50 and several ratings upgraded to "buy" or "outperform" within recent reports.

Trexquant Investment LP acquired a new stake in PRA Group, Inc. (NASDAQ:PRAA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 56,892 shares of the business services provider's stock, valued at approximately $1,173,000. Trexquant Investment LP owned approximately 0.14% of PRA Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRAA. Man Group plc bought a new position in shares of PRA Group during the 4th quarter valued at $868,000. Wolverine Asset Management LLC increased its stake in PRA Group by 63.9% in the 1st quarter. Wolverine Asset Management LLC now owns 56,698 shares of the business services provider's stock worth $1,169,000 after buying an additional 22,114 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of PRA Group by 6.4% during the first quarter. Global Alpha Capital Management Ltd. now owns 2,018,200 shares of the business services provider's stock valued at $41,615,000 after purchasing an additional 122,200 shares in the last quarter. Deutsche Bank AG grew its position in shares of PRA Group by 156.1% during the first quarter. Deutsche Bank AG now owns 88,460 shares of the business services provider's stock valued at $1,824,000 after purchasing an additional 53,922 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of PRA Group by 85.3% during the first quarter. Assenagon Asset Management S.A. now owns 405,595 shares of the business services provider's stock valued at $8,363,000 after purchasing an additional 186,724 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PRAA. Wall Street Zen upgraded PRA Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JMP Securities set a $24.00 price target on PRA Group and gave the stock a "market outperform" rating in a research report on Tuesday, August 5th. Finally, Citigroup reiterated 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 MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $27.50.

PRA Group Stock Performance

NASDAQ PRAA traded down $0.31 during trading on Tuesday, hitting $16.90. The stock had a trading volume of 176,087 shares, compared to its average volume of 212,375. The stock has a market capitalization of $660.28 million, a price-to-earnings ratio of 7.25 and a beta of 1.50. PRA Group, Inc. has a one year low of $12.91 and a one year high of $25.43. The stock has a 50 day simple moving average of $16.13 and a 200 day simple moving average of $16.78.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its quarterly 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 firm had revenue of $287.69 million during the quarter, compared to the consensus estimate of $279.34 million. On average, sell-side analysts predict that PRA Group, Inc. will post 2.1 EPS for the current year.

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.