Citigroup Inc. lowered its position in PRA Group, Inc. (NASDAQ:PRAA – Free Report) by 52.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,095 shares of the business services provider’s stock after selling 16,587 shares during the quarter. Citigroup Inc.’s holdings in PRA Group were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in PRAA. Group One Trading L.P. increased its stake in shares of PRA Group by 106.7% in the first quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 11,133 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of PRA Group by 56.0% in the first quarter. MetLife Investment Management LLC now owns 22,934 shares of the business services provider’s stock valued at $1,034,000 after acquiring an additional 8,236 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of PRA Group by 0.8% in the first quarter. Rhumbline Advisers now owns 124,510 shares of the business services provider’s stock valued at $5,613,000 after acquiring an additional 977 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of PRA Group by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,599 shares of the business services provider’s stock valued at $1,695,000 after acquiring an additional 4,636 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of PRA Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,890,693 shares of the business services provider’s stock valued at $85,233,000 after acquiring an additional 30,304 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
PRA Group Stock Performance
Shares of NASDAQ:PRAA opened at $25.25 on Wednesday. The stock has a market capitalization of $991.06 million, a price-to-earnings ratio of -11.85 and a beta of 1.46. PRA Group, Inc. has a 1-year low of $11.85 and a 1-year high of $40.44. The company has a 50 day moving average price of $24.49 and a 200 day moving average price of $21.34.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on PRAA. JMP Securities increased their price objective on shares of PRA Group from $26.00 to $33.00 and gave the company a “market outperform” rating in a report on Friday, February 16th. StockNews.com upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th.
Read Our Latest Analysis on PRA Group
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.
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