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

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of PRA Group by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,300,675 shares of the business services provider's stock worth $89,841,000 after purchasing an additional 21,625 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PRA Group by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,934,124 shares of the business services provider's stock valued at $40,404,000 after buying an additional 121,109 shares in the last quarter. Royal Bank of Canada grew its stake in PRA Group by 15.6% during the fourth quarter. Royal Bank of Canada now owns 1,018,884 shares of the business services provider's stock worth $21,284,000 after buying an additional 137,397 shares during the last quarter. Invesco Ltd. increased its holdings in shares of PRA Group by 195.7% during the fourth quarter. Invesco Ltd. now owns 799,307 shares of the business services provider's stock worth $16,698,000 after buying an additional 529,041 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of PRA Group by 7.7% in the fourth quarter. Northern Trust Corp now owns 431,909 shares of the business services provider's stock valued at $9,023,000 after acquiring an additional 31,031 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PRAA shares. Citigroup reissued an "outperform" rating on shares of PRA Group in a report on Tuesday. JMP Securities set a $24.00 target price on PRA Group and gave the stock a "market outperform" rating in a report on Tuesday. Finally, Wall Street Zen cut PRA Group from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

PRA Group Price Performance

PRAA opened at $15.66 on Friday. The stock has a market capitalization of $621.08 million, a P/E ratio of 6.72 and a beta of 1.54. The company's 50 day simple moving average is $15.23 and its 200-day simple moving average is $17.77. PRA Group, Inc. has a one year low of $12.91 and a one year high of $25.43.

PRA Group (NASDAQ:PRAA - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.46. The firm had revenue of $287.69 million for the quarter, compared to the consensus estimate of $279.34 million. PRA Group had a return on equity of 6.52% and a net margin of 8.10%. As a group, analysts anticipate that PRA Group, Inc. will post 2.1 EPS for the current year.

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.

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