Jane Street Group LLC Has $1.98 Million Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Jane Street Group LLC increased its position in PRA Group, Inc. (NASDAQ:PRAA) by 92.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 88,634 shares of the business services provider’s stock after acquiring an additional 42,656 shares during the period. Jane Street Group LLC’s holdings in PRA Group were worth $1,982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of PRA Group by 282.6% in the third quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 972 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PRA Group during the second quarter worth approximately $29,000. nVerses Capital LLC boosted its position in shares of PRA Group by 700.0% in the second quarter. nVerses Capital LLC now owns 1,600 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,400 shares during the period. FMR LLC grew its stake in shares of PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after acquiring an additional 606 shares during the last quarter. Finally, Point72 DIFC Ltd increased its position in PRA Group by 388.6% during the third quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,710 shares during the period. Institutional investors own 97.22% of the company’s stock.

PRA Group Trading Up 1.3 %

PRAA stock opened at $20.65 on Wednesday. PRA Group, Inc. has a 1-year low of $18.64 and a 1-year high of $31.43. The business’s 50-day moving average price is $21.39 and its two-hundred day moving average price is $21.63. The firm has a market cap of $814.17 million, a PE ratio of 18.77 and a beta of 1.49.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The business had revenue of $281.48 million for the quarter, compared to analyst estimates of $262.20 million. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts forecast that PRA Group, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial boosted their price target on shares of PRA Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com raised shares of PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

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.