WINTON GROUP Ltd Sells 44,289 Shares of PRA Group, Inc. $PRAA

WINTON GROUP Ltd trimmed its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 57.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,167 shares of the business services provider’s stock after selling 44,289 shares during the quarter. WINTON GROUP Ltd owned approximately 0.08% of PRA Group worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of PRA Group by 145.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock worth $44,000 after acquiring an additional 1,471 shares during the last quarter. Larson Financial Group LLC grew its stake in PRA Group by 146.8% during the fourth quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock worth $50,000 after purchasing an additional 1,694 shares during the period. Tower Research Capital LLC TRC grew its stake in PRA Group by 375.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock worth $71,000 after purchasing an additional 3,777 shares during the period. CWM LLC grew its stake in PRA Group by 39.0% during the fourth quarter. CWM LLC now owns 6,420 shares of the business services provider’s stock worth $114,000 after purchasing an additional 1,802 shares during the period. Finally, Globeflex Capital L P acquired a new stake in PRA Group during the second quarter worth approximately $102,000. 97.22% of the stock is currently owned by institutional investors.

PRA Group Stock Performance

Shares of PRA Group stock opened at $15.24 on Thursday. PRA Group, Inc. has a 52 week low of $10.25 and a 52 week high of $22.55. The stock has a 50 day moving average price of $17.78 and a two-hundred day moving average price of $16.46. The stock has a market capitalization of $581.25 million, a PE ratio of -2.13 and a beta of 1.14.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.22. PRA Group had a positive return on equity of 13.19% and a negative net margin of 22.51%.The firm had revenue of $314.53 million during the quarter, compared to analysts’ expectations of $295.90 million. Research analysts forecast that PRA Group, Inc. will post 2.52 EPS for the current year.

Analysts Set New Price Targets

PRAA has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PRA Group in a research note on Friday, March 27th. Wall Street Zen cut PRA Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

PRA Group Company Profile

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.