Peregrine Capital Management LLC Cuts Position in PRA Group, Inc. (NASDAQ:PRAA)

Peregrine Capital Management LLC lessened its holdings in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 24.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 270,889 shares of the business services provider's stock after selling 89,551 shares during the period. Peregrine Capital Management LLC owned 0.69% of PRA Group worth $7,097,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in PRA Group by 213.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 21,294 shares of the business services provider's stock worth $409,000 after acquiring an additional 14,505 shares during the last quarter. Wellington Management Group LLP increased its position in shares of PRA Group by 12.3% in the third quarter. Wellington Management Group LLP now owns 3,884,085 shares of the business services provider's stock worth $74,613,000 after purchasing an additional 425,505 shares during the last quarter. Deutsche Bank AG raised its stake in PRA Group by 24.1% in the third quarter. Deutsche Bank AG now owns 20,495 shares of the business services provider's stock valued at $394,000 after purchasing an additional 3,977 shares in the last quarter. Graham Capital Management L.P. bought a new stake in PRA Group during the third quarter valued at approximately $303,000. Finally, Comerica Bank bought a new stake in PRA Group during the third quarter valued at approximately $355,000. Institutional investors own 97.22% of the company's stock.

PRA Group Price Performance

NASDAQ PRAA traded up $0.38 on Thursday, reaching $25.42. 128,080 shares of the company's stock traded hands, compared to its average volume of 223,127. The stock has a market cap of $997.74 million, a PE ratio of -11.93 and a beta of 1.46. PRA Group, Inc. has a 12 month low of $11.85 and a 12 month high of $39.49. The stock has a 50-day simple moving average of $24.95 and a 200 day simple moving average of $21.77.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its earnings results on Thursday, February 15th. The business services provider reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.13. The company had revenue of $221.42 million for the quarter, compared to analyst estimates of $208.25 million. PRA Group had a negative net margin of 10.40% and a negative return on equity of 6.82%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. As a group, analysts anticipate that PRA Group, Inc. will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PRAA shares. StockNews.com upgraded shares of PRA Group from a "sell" rating to a "hold" rating in a research report on Friday, February 16th. JMP Securities raised their price target on PRA Group from $26.00 to $33.00 and gave the company a "market outperform" rating in a research report on Friday, February 16th.

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.