UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,676 Shares of PRA Group, Inc. (NASDAQ:PRAA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in PRA Group, Inc. (NASDAQ:PRAA) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,177 shares of the business services provider’s stock after selling 2,676 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PRA Group were worth $2,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in PRA Group in the second quarter valued at about $29,000. nVerses Capital LLC increased its holdings in PRA Group by 700.0% in the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,400 shares during the last quarter. FMR LLC increased its holdings in PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 606 shares during the last quarter. Innealta Capital LLC bought a new stake in PRA Group in the second quarter valued at about $57,000. Finally, Quest Partners LLC increased its holdings in PRA Group by 14.2% in the second quarter. Quest Partners LLC now owns 10,179 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 1,267 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

PRA Group Price Performance

Shares of PRA Group stock opened at $21.11 on Monday. PRA Group, Inc. has a 1 year low of $18.64 and a 1 year high of $31.43. The business has a 50-day moving average of $21.38 and a two-hundred day moving average of $21.60. The company has a market capitalization of $832.37 million, a P/E ratio of 19.19 and a beta of 1.49.

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

Analysts Set New Price Targets

PRAA has been the subject of several recent analyst reports. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Truist Financial increased their price target on PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report 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.