Marshall Wace LLP Purchases 246,282 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Marshall Wace LLP raised its stake in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 271.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 337,166 shares of the business services provider's stock after buying an additional 246,282 shares during the period. Marshall Wace LLP owned about 0.86% of PRA Group worth $7,043,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PRAA. Sterling Capital Management LLC boosted its stake in shares of PRA Group by 805.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,241 shares of the business services provider's stock valued at $26,000 after buying an additional 1,104 shares during the period. FMR LLC lifted its stake in shares of PRA Group by 55.0% in the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider's stock valued at $38,000 after purchasing an additional 606 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of PRA Group in the 4th quarter valued at $134,000. Headlands Technologies LLC lifted its stake in shares of PRA Group by 231.3% in the 4th quarter. Headlands Technologies LLC now owns 7,278 shares of the business services provider's stock valued at $152,000 after purchasing an additional 5,081 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of PRA Group by 24.5% in the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider's stock valued at $161,000 after purchasing an additional 1,513 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

PRA Group Price Performance

Shares of PRAA stock traded up $0.28 on Monday, hitting $18.53. The company's stock had a trading volume of 332,795 shares, compared to its average volume of 246,986. PRA Group, Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $28.64. The firm's fifty day moving average price is $19.33 and its 200-day moving average price is $20.75. The stock has a market capitalization of $732.12 million, a price-to-earnings ratio of 10.35 and a beta of 1.52.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The business had revenue of $293.23 million during the quarter, compared to analyst estimates of $275.81 million. Analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal 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.