Pra Group Inc (PRAA) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Pra Group Inc (NASDAQ:PRAA) by 113.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,843 shares of the business services provider’s stock after acquiring an additional 6,285 shares during the period. Victory Capital Management Inc.’s holdings in Pra Group were worth $426,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Scout Investments Inc. increased its position in shares of Pra Group by 2.1% during the third quarter. Scout Investments Inc. now owns 92,004 shares of the business services provider’s stock valued at $3,312,000 after buying an additional 1,933 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Pra Group by 8.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 392,278 shares of the business services provider’s stock valued at $15,123,000 after buying an additional 29,819 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Pra Group by 40.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 360,650 shares of the business services provider’s stock valued at $12,983,000 after buying an additional 104,239 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Pra Group during the second quarter valued at about $4,121,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Pra Group by 10.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 98,302 shares of the business services provider’s stock valued at $3,539,000 after buying an additional 9,367 shares during the period.

In other news, SVP Christopher D. Lagow sold 1,555 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $36.45, for a total transaction of $56,679.75. Following the sale, the senior vice president now owns 16,718 shares in the company, valued at $609,371.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher D. Lagow sold 1,474 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $37.70, for a total transaction of $55,569.80. Following the sale, the senior vice president now owns 18,273 shares in the company, valued at approximately $688,892.10. The disclosure for this sale can be found here. 2.34% of the stock is currently owned by corporate insiders.

Shares of PRAA opened at $30.52 on Friday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 22.95 and a beta of 1.60. Pra Group Inc has a fifty-two week low of $26.95 and a fifty-two week high of $43.75.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.13). The business had revenue of $225.90 million during the quarter, compared to analysts’ expectations of $223.81 million. Pra Group had a return on equity of 5.80% and a net margin of 15.69%. Pra Group’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. As a group, equities analysts expect that Pra Group Inc will post 1.42 EPS for the current year.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Pra Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 20th. ValuEngine upgraded shares of Pra Group from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Keefe, Bruyette & Woods set a $35.00 price target on shares of Pra Group and gave the company a “hold” rating in a research report on Thursday, August 9th. Oppenheimer reiterated a “hold” rating on shares of Pra Group in a research report on Thursday, August 9th. Finally, Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 9th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Pra Group has an average rating of “Hold” and an average target price of $35.00.

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About Pra Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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

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