Oak Ridge Investments LLC Has $40.85 Million Position in PRA Group, Inc. (PRAA)

Oak Ridge Investments LLC increased its position in PRA Group, Inc. (NASDAQ:PRAA) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,077,845 shares of the business services provider’s stock after purchasing an additional 9,745 shares during the period. PRA Group makes up approximately 1.3% of Oak Ridge Investments LLC’s holdings, making the stock its 28th biggest position. Oak Ridge Investments LLC owned 2.32% of PRA Group worth $40,850,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PRAA. BlackRock Inc. boosted its stake in PRA Group by 53,101.9% in the 1st quarter. BlackRock Inc. now owns 6,007,031 shares of the business services provider’s stock worth $199,134,000 after purchasing an additional 5,995,740 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its stake in PRA Group by 104.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 4,303,119 shares of the business services provider’s stock worth $142,648,000 after purchasing an additional 2,194,100 shares in the last quarter. Vanguard Group Inc. boosted its stake in PRA Group by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 4,186,390 shares of the business services provider’s stock worth $138,779,000 after purchasing an additional 360,823 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PRA Group by 16.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,526,255 shares of the business services provider’s stock worth $50,595,000 after purchasing an additional 215,028 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in PRA Group by 3,110.4% in the 2nd quarter. Bank of Montreal Can now owns 186,843 shares of the business services provider’s stock worth $7,081,000 after purchasing an additional 181,023 shares in the last quarter.

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PRA Group, Inc. (NASDAQ PRAA) traded down 1.05% during trading on Friday, reaching $28.30. 589,262 shares of the company’s stock traded hands. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 17.26 and a beta of 1.50. The company has a 50 day moving average of $33.52 and a 200 day moving average of $34.94. PRA Group, Inc. has a one year low of $23.15 and a one year high of $42.70.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.23. PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The company had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $208.97 million. During the same quarter last year, the firm earned $0.83 EPS. PRA Group’s revenue for the quarter was down 12.3% on a year-over-year basis. Equities research analysts predict that PRA Group, Inc. will post $2.09 EPS for the current year.

A number of brokerages recently issued reports on PRAA. BidaskClub cut shares of PRA Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods began coverage on shares of PRA Group in a research note on Wednesday, May 24th. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, Zacks Investment Research cut shares of PRA Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.00.

PRA Group Profile

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

Institutional Ownership by Quarter for PRA Group (NASDAQ:PRAA)

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