PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its position in shares of PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,861,940 shares of the business services provider's stock after selling 769,981 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 4.72% of PRA Group worth $38,896,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Sterling Capital Management LLC lifted its position in shares of PRA Group by 805.8% during the fourth 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 last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of PRA Group in the 4th quarter valued at approximately $134,000. Headlands Technologies LLC raised its position 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. AlphaQuest LLC raised its position 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. Finally, Quantbot Technologies LP increased its holdings in PRA Group by 30.8% in the 4th quarter. Quantbot Technologies LP now owns 8,002 shares of the business services provider's stock worth $167,000 after buying an additional 1,885 shares during the period. 97.22% of the stock is owned by institutional investors.

PRA Group Stock Up 0.5 %

Shares of NASDAQ PRAA traded up $0.09 during midday trading on Thursday, reaching $18.39. 168,739 shares of the stock were exchanged, compared to its average volume of 247,531. PRA Group, Inc. has a twelve month low of $15.94 and a twelve month high of $28.64. The firm has a market cap of $726.59 million, a price-to-earnings ratio of 10.27 and a beta of 1.52. The firm has a 50-day simple moving average of $19.17 and a two-hundred day simple moving average of $20.72.

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 for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The company had revenue of $293.23 million for the quarter, compared to analyst estimates of $275.81 million. Research analysts expect 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.