Dimensional Fund Advisors LP Boosts Stake in PRA Group, Inc. (PRAA)

Dimensional Fund Advisors LP grew its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,744,664 shares of the business services provider’s stock after acquiring an additional 218,409 shares during the period. Dimensional Fund Advisors LP owned about 3.76% of PRA Group worth $66,123,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of PRA Group by 2.5% during the 2nd quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 154 shares during the period. Huntington National Bank lifted its position in shares of PRA Group by 5.5% during the 2nd quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 162 shares during the period. Advisor Group Inc. lifted its position in shares of PRA Group by 3.5% during the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after acquiring an additional 196 shares during the period. Texas Permanent School Fund lifted its position in shares of PRA Group by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 33,836 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 283 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of PRA Group by 1.3% during the 1st quarter. Arizona State Retirement System now owns 24,159 shares of the business services provider’s stock valued at $801,000 after acquiring an additional 300 shares during the period.

A number of equities research analysts have recently issued reports on the stock. Janney Montgomery Scott downgraded shares of PRA Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Keefe, Bruyette & Woods downgraded shares of PRA Group from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $36.00 to $40.00 in a research report on Tuesday. Zacks Investment Research downgraded shares of PRA Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of PRA Group in a research report on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of “Sell” and an average price target of $36.00.

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PRA Group, Inc. (NASDAQ PRAA) opened at 29.20 on Friday. The company’s 50 day moving average price is $28.88 and its 200 day moving average price is $33.74. PRA Group, Inc. has a 12 month low of $23.15 and a 12 month high of $42.70. The firm has a market capitalization of $1.32 billion, a P/E ratio of 17.80 and a beta of 1.49.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data 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). The company had revenue of $200.30 million during the quarter, compared to the consensus estimate of $208.97 million. PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The company’s revenue was down 12.3% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. Analysts anticipate that PRA Group, Inc. will post $1.86 EPS for the current year.

About PRA Group

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.

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

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