Renaissance Technologies LLC Has $2.19 Million Stock Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Renaissance Technologies LLC lifted its position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 72.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,797 shares of the business services provider's stock after acquiring an additional 44,100 shares during the quarter. Renaissance Technologies LLC owned 0.27% of PRA Group worth $2,189,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PRAA. Invesco Ltd. lifted its stake in shares of PRA Group by 195.7% in the 4th quarter. Invesco Ltd. now owns 799,307 shares of the business services provider's stock valued at $16,698,000 after purchasing an additional 529,041 shares in the last quarter. Raymond James Financial Inc. acquired a new position in PRA Group during the 4th quarter worth $7,657,000. JPMorgan Chase & Co. raised its position in PRA Group by 356.3% in the fourth quarter. JPMorgan Chase & Co. now owns 341,952 shares of the business services provider's stock worth $7,143,000 after acquiring an additional 267,015 shares in the last quarter. Capital Management Corp VA acquired a new position in shares of PRA Group in the 4th quarter worth approximately $4,659,000. Finally, Hillsdale Investment Management Inc. increased its position in shares of PRA Group by 75,251.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 203,450 shares of the business services provider's stock worth $4,250,000 after acquiring an additional 203,180 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

PRA Group Trading Up 1.2 %

NASDAQ PRAA traded up $0.23 during trading on Thursday, reaching $18.53. The company's stock had a trading volume of 22,845 shares, compared to its average volume of 246,968. The stock has a market capitalization of $731.92 million, a PE ratio of 10.35 and a beta of 1.52. The business has a 50-day moving average price of $19.17 and a 200-day moving average price of $20.72. PRA Group, Inc. has a 1-year low of $15.94 and a 1-year high of $28.64.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. The firm had revenue of $293.23 million during the quarter, compared to analysts' expectations of $275.81 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. As a group, analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current year.

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.