PRA Group, Inc. (NASDAQ:PRAA) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its holdings in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 261.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,232 shares of the business services provider's stock after purchasing an additional 124,524 shares during the quarter. Cubist Systematic Strategies LLC owned 0.44% of PRA Group worth $3,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers purchased a new position in PRA Group in the fourth quarter worth approximately $227,000. Northern Trust Corp lifted its stake in PRA Group by 7.7% in the fourth quarter. Northern Trust Corp now owns 431,909 shares of the business services provider's stock worth $9,023,000 after acquiring an additional 31,031 shares during the last quarter. Quarry LP lifted its stake in PRA Group by 154.2% in the fourth quarter. Quarry LP now owns 3,345 shares of the business services provider's stock worth $70,000 after acquiring an additional 2,029 shares during the last quarter. Aquatic Capital Management LLC lifted its stake in PRA Group by 780.1% in the fourth quarter. Aquatic Capital Management LLC now owns 21,123 shares of the business services provider's stock worth $441,000 after acquiring an additional 18,723 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in PRA Group by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,500 shares of the business services provider's stock worth $659,000 after acquiring an additional 2,373 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PRAA. JMP Securities decreased their price target on shares of PRA Group from $30.00 to $23.00 and set a "market outperform" rating for the company in a research note on Tuesday, May 6th. StockNews.com downgraded shares of PRA Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

PRA Group Stock Performance

NASDAQ PRAA traded up $0.18 on Thursday, reaching $15.49. The stock had a trading volume of 189,986 shares, compared to its average volume of 278,453. The business's 50-day moving average price is $18.14 and its 200 day moving average price is $20.39. PRA Group, Inc. has a 12-month low of $12.91 and a 12-month high of $27.54. The stock has a market cap of $614.32 million, a P/E ratio of 8.66 and a beta of 1.70.

PRA Group (NASDAQ:PRAA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.32). PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The business had revenue of $269.62 million during the quarter, compared to analysts' expectations of $288.63 million. During the same quarter last year, the company earned $0.09 EPS. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Insider Activity at PRA Group

In other PRA Group news, Director Brett Lee Paschke purchased 5,000 shares of PRA Group stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $13.39 per share, for a total transaction of $66,950.00. Following the transaction, the director now directly owns 30,056 shares in the company, valued at $402,449.84. This trade represents a 19.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

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.