Thrivent Financial for Lutherans Sells 1,715 Shares of PRA Group, Inc. (NASDAQ:PRAA)

Thrivent Financial for Lutherans reduced its position in PRA Group, Inc. (NASDAQ:PRAA) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,953 shares of the business services provider’s stock after selling 1,715 shares during the quarter. Thrivent Financial for Lutherans’ holdings in PRA Group were worth $692,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC grew its position in PRA Group by 184.2% during the 2nd quarter. SG Americas Securities LLC now owns 11,273 shares of the business services provider’s stock worth $222,000 after purchasing an additional 7,306 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of PRA Group by 353.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 194,235 shares of the business services provider’s stock valued at $3,819,000 after buying an additional 151,389 shares during the period. Innealta Capital LLC purchased a new position in PRA Group during the second quarter worth about $57,000. nVerses Capital LLC lifted its position in shares of PRA Group by 700.0% during the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Versor Investments LP acquired a new position in PRA Group during the 2nd quarter worth $490,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Stock Down 4.5 %

NASDAQ PRAA opened at $20.50 on Wednesday. PRA Group, Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $31.43. The stock has a market cap of $808.32 million, a PE ratio of 18.64 and a beta of 1.49. The business has a 50 day moving average price of $21.60 and a two-hundred day moving average price of $21.69.

PRA Group (NASDAQ:PRAA) last issued its earnings results on Monday, November 4th. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The company had revenue of $281.48 million for the quarter, compared to analysts’ expectations of $262.20 million. During the same period in the prior year, the company earned ($0.31) earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. Sell-side analysts anticipate that PRA Group, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PRAA shares. StockNews.com raised shares of PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Truist Financial raised their price objective on shares of PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

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.