American Century Companies Inc. Sells 3,919 Shares of PRA Group, Inc. (NASDAQ:PRAA)

American Century Companies Inc. reduced its stake in PRA Group, Inc. (NASDAQ:PRAA) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,646 shares of the business services provider’s stock after selling 3,919 shares during the quarter. American Century Companies Inc. owned approximately 0.17% of PRA Group worth $1,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PRAA. US Bancorp DE grew its stake in shares of PRA Group by 48.5% during the 4th quarter. US Bancorp DE now owns 44,237 shares of the business services provider’s stock valued at $1,159,000 after acquiring an additional 14,453 shares during the period. Redwood Investment Management LLC bought a new position in PRA Group in the 4th quarter worth $3,268,000. PNC Financial Services Group Inc. increased its stake in PRA Group by 11.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,931 shares of the business services provider’s stock worth $103,000 after buying an additional 419 shares in the last quarter. Quadrature Capital Ltd bought a new stake in PRA Group during the fourth quarter valued at about $454,000. Finally, BNP Paribas Financial Markets raised its holdings in PRA Group by 36.8% during the first quarter. BNP Paribas Financial Markets now owns 42,958 shares of the business services provider’s stock valued at $1,120,000 after acquiring an additional 11,567 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Truist Financial lowered their price target on PRA Group from $42.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.

PRA Group Stock Down 2.5 %

PRAA stock opened at $22.65 on Monday. PRA Group, Inc. has a 52 week low of $11.85 and a 52 week high of $31.43. The firm has a market capitalization of $891.32 million, a P/E ratio of -41.94 and a beta of 1.49. The company has a fifty day simple moving average of $22.69 and a two-hundred day simple moving average of $22.77.

PRA Group (NASDAQ:PRAA) last released its earnings results on Monday, August 5th. The business services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.46. PRA Group had a return on equity of 0.33% and a net margin of 0.40%. The firm had revenue of $284.20 million for the quarter, compared to the consensus estimate of $245.04 million. During the same quarter in the previous year, the company posted ($0.10) EPS. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, analysts anticipate that PRA Group, Inc. will post 1.33 EPS for the current year.

Insider Buying and Selling at PRA Group

In other PRA Group news, Director Geir Olsen purchased 11,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $21.39 per share, with a total value of $251,332.50. Following the purchase, the director now owns 11,750 shares of the company’s stock, valued at $251,332.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

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.