Privia Health Group, Inc. (NASDAQ:PRVA) Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in shares of Privia Health Group, Inc. (NASDAQ:PRVA) by 2.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 52,200 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Louisiana State Employees Retirement System’s holdings in Privia Health Group were worth $907,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Privia Health Group by 6.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,089 shares of the company’s stock valued at $509,000 after acquiring an additional 1,260 shares during the period. Handelsbanken Fonder AB grew its holdings in Privia Health Group by 41.5% in the fourth quarter. Handelsbanken Fonder AB now owns 15,000 shares of the company’s stock valued at $345,000 after purchasing an additional 4,400 shares during the period. New York State Common Retirement Fund increased its position in shares of Privia Health Group by 61.3% in the fourth quarter. New York State Common Retirement Fund now owns 45,100 shares of the company’s stock valued at $1,039,000 after buying an additional 17,134 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Privia Health Group by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 52,628 shares of the company’s stock worth $1,212,000 after buying an additional 563 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Privia Health Group by 17.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 113,236 shares of the company’s stock valued at $2,608,000 after buying an additional 17,211 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

PRVA has been the subject of several recent analyst reports. Truist Financial cut their price target on shares of Privia Health Group from $28.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Baird R W raised shares of Privia Health Group to a “strong-buy” rating in a research note on Thursday, May 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $28.00 target price on shares of Privia Health Group in a research note on Wednesday, August 14th. Stifel Nicolaus reduced their target price on shares of Privia Health Group from $28.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Canaccord Genuity Group lowered their price target on shares of Privia Health Group from $37.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.86.

Privia Health Group Stock Down 1.5 %

PRVA opened at $20.45 on Thursday. The business has a fifty day simple moving average of $18.87 and a 200-day simple moving average of $18.92. Privia Health Group, Inc. has a 52 week low of $15.92 and a 52 week high of $27.14. The firm has a market cap of $2.44 billion, a P/E ratio of 136.33, a P/E/G ratio of 4.77 and a beta of 0.78.

Privia Health Group (NASDAQ:PRVA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $422.30 million for the quarter, compared to analysts’ expectations of $411.50 million. Privia Health Group had a return on equity of 2.42% and a net margin of 0.88%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. Sell-side analysts expect that Privia Health Group, Inc. will post 0.16 earnings per share for the current year.

About Privia Health Group

Privia Health Group, Inc operates as a national physician-enablement company in the United States. The company collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering care in-person and virtual settings.