SG Americas Securities LLC Sells 2,662 Shares of PRA Group, Inc. (NASDAQ:PRAA)

SG Americas Securities LLC reduced its position in shares of PRA Group, Inc. (NASDAQ:PRAA) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,092 shares of the business services provider’s stock after selling 2,662 shares during the quarter. SG Americas Securities LLC’s holdings in PRA Group were worth $420,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quarry LP grew its stake in shares of PRA Group by 282.6% during the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 972 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PRA Group during the 2nd quarter valued at approximately $29,000. FMR LLC grew its stake in shares of PRA Group by 55.0% during the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 606 shares during the period. Point72 DIFC Ltd grew its stake in shares of PRA Group by 388.6% during the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,710 shares during the period. Finally, nVerses Capital LLC grew its stake in shares of PRA Group by 168.8% during the 3rd quarter. nVerses Capital LLC now owns 4,300 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 2,700 shares during the period. 97.22% of the stock is currently owned by institutional investors.

PRA Group Price Performance

Shares of PRAA opened at $22.11 on Monday. The stock has a market capitalization of $871.80 million, a price-to-earnings ratio of 20.10 and a beta of 1.48. PRA Group, Inc. has a 1 year low of $18.64 and a 1 year high of $31.43. The business’s 50 day simple moving average is $21.07 and its 200-day simple moving average is $21.80.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on PRAA. StockNews.com upgraded PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Truist Financial upped their price target on PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

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.