PRA Group, Inc. (NASDAQ:PRAA) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its holdings in shares of PRA Group, Inc. (NASDAQ:PRAA) by 261.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,232 shares of the business services provider’s stock after purchasing an additional 124,524 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.44% of PRA Group worth $3,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in PRAA. Janney Montgomery Scott LLC bought a new position in shares of PRA Group in the fourth quarter valued at $753,000. Barclays PLC raised its position in shares of PRA Group by 55.0% during the third quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock worth $2,618,000 after purchasing an additional 41,525 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of PRA Group by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider’s stock valued at $1,676,000 after purchasing an additional 21,476 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its position in shares of PRA Group by 4.3% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock valued at $39,607,000 after purchasing an additional 78,200 shares during the period. Finally, Capital Management Corp VA purchased a new position in PRA Group in the 4th quarter worth about $4,659,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Stock Performance

Shares of PRAA opened at $13.46 on Friday. PRA Group, Inc. has a 52 week low of $12.91 and a 52 week high of $27.54. The company has a market capitalization of $533.81 million, a PE ratio of 7.52 and a beta of 1.70. The company’s 50 day moving average price is $18.44 and its 200 day moving average price is $20.48.

PRA Group (NASDAQ:PRAA) last issued its earnings results on Monday, May 5th. The business services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.32). The firm had revenue of $269.62 million during the quarter, compared to analysts’ expectations of $288.63 million. PRA Group had a net margin of 6.33% and a return on equity of 5.16%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. On average, equities analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Transactions at PRA Group

In other news, Director Brett Lee Paschke purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were bought at an average price of $13.39 per share, with a total value of $66,950.00. Following the completion of the transaction, the director now directly owns 30,056 shares in the company, valued at $402,449.84. This trade represents a 19.96 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PRAA has been the subject of several recent analyst reports. JMP Securities decreased their target price on shares of PRA Group from $30.00 to $23.00 and set a “market outperform” rating for the company in a report on Tuesday. StockNews.com cut shares of PRA Group from a “buy” rating to a “hold” rating in a research report on Wednesday.

PRA Group 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.