PRA Group, Inc. (NASDAQ:PRAA) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its holdings in PRA Group, Inc. (NASDAQ:PRAA) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 702,492 shares of the business services provider’s stock after selling 7,068 shares during the quarter. Royce & Associates LP’s holdings in PRA Group were worth $14,675,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of PRA Group by 55.0% during the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 606 shares during the period. Centiva Capital LP increased its stake in shares of PRA Group by 4.4% during the third quarter. Centiva Capital LP now owns 16,618 shares of the business services provider’s stock valued at $372,000 after acquiring an additional 701 shares during the period. Quarry LP increased its position in shares of PRA Group by 282.6% during the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 972 shares during the period. AlphaQuest LLC grew its holdings in PRA Group by 24.5% during the fourth quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,513 shares during the period. Finally, New York State Teachers Retirement System raised its position in PRA Group by 2.7% in the fourth quarter. New York State Teachers Retirement System now owns 64,091 shares of the business services provider’s stock worth $1,339,000 after acquiring an additional 1,705 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

PRA Group Price Performance

PRAA stock opened at $19.58 on Tuesday. The firm has a market cap of $773.61 million, a PE ratio of 10.94 and a beta of 1.64. PRA Group, Inc. has a 12 month low of $18.09 and a 12 month high of $28.64. The firm has a 50 day simple moving average of $21.41 and a 200 day simple moving average of $21.43.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The company 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, sell-side analysts expect that PRA Group, Inc. will post 2.1 earnings per share for the current year.

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.