XTX Topco Ltd Takes $504,000 Position in PRA Group, Inc. (NASDAQ:PRAA)

Key Points

• XTX Topco Ltd has acquired a new stake in PRA Group, Inc., purchasing 24,459 shares valued at approximately $504,000, representing a 0.06% ownership by the end of the quarter.
• Shares of PRA Group are currently trading at $15.41, down 1.6%, with a market capitalization of $602.07 million and a 1-year high of $25.43.
• PRA Group reported earnings of $1.08 per share for the last quarter, significantly exceeding analysts' expectations of $0.62, with a revenue of $287.69 million.

XTX Topco Ltd acquired a new position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,459 shares of the business services provider's stock, valued at approximately $504,000. XTX Topco Ltd owned about 0.06% of PRA Group at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PRAA. Sterling Capital Management LLC grew its stake 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 worth $26,000 after purchasing an additional 1,104 shares in the last quarter. Quarry LP lifted its holdings in PRA Group by 154.2% during the fourth quarter. Quarry LP now owns 3,345 shares of the business services provider's stock worth $70,000 after buying an additional 2,029 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of PRA Group during the 4th quarter valued at $134,000. Point72 Asset Management L.P. purchased a new stake in shares of PRA Group during the 4th quarter valued at $155,000. Finally, State of Wyoming lifted its holdings in shares of PRA Group by 9.0% during the 4th quarter. State of Wyoming now owns 10,255 shares of the business services provider's stock valued at $214,000 after purchasing an additional 850 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded PRA Group from a "sell" rating to a "hold" rating in a research note on Saturday. JMP Securities set a $24.00 target price on PRA Group and gave the company a "market outperform" rating in a research report on Tuesday, August 5th. Finally, Citigroup restated an "outperform" rating on shares of PRA Group in a research report on Tuesday, August 5th.

PRA Group Stock Up 5.6%

Shares of PRA Group stock traded up $0.85 on Tuesday, hitting $16.12. 57,865 shares of the company were exchanged, compared to its average volume of 391,661. The stock has a market capitalization of $629.81 million, a price-to-earnings ratio of 6.94 and a beta of 1.54. The company has a 50-day moving average price of $15.28 and a 200 day moving average price of $17.63. PRA Group, Inc. has a 1-year low of $12.91 and a 1-year high of $25.43.

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, topping the consensus estimate of $0.62 by $0.46. The business had revenue of $287.69 million for the quarter, compared to analysts' expectations of $279.34 million. PRA Group had a return on equity of 6.52% and a net margin of 8.10%. Research analysts forecast that PRA Group, Inc. will post 2.1 EPS for the current year.

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.