The Mason Street Advisors LLC Acquires New Position in PRA Group Inc. (PRAA)

The Mason Street Advisors LLC Acquires New Position in PRA Group Inc. (PRAA)

Mason Street Advisors LLC acquired a new stake in PRA Group Inc. (NASDAQ:PRAA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,057 shares of the company’s stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in shares of PRA Group by 1.5% in the second quarter. BlackRock Fund Advisors now owns 3,006,572 shares of the company’s stock valued at $72,579,000 after buying an additional 43,170 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of PRA Group by 17.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,071,694 shares of the company’s stock valued at $50,011,000 after buying an additional 311,888 shares in the last quarter. BloombergSen Inc. boosted its position in shares of PRA Group by 1.6% in the second quarter. BloombergSen Inc. now owns 1,948,627 shares of the company’s stock valued at $47,040,000 after buying an additional 30,567 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of PRA Group by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,211,240 shares of the company’s stock valued at $35,598,000 after buying an additional 21,785 shares in the last quarter. Finally, Cooke & Bieler LP boosted its position in shares of PRA Group by 70.0% in the second quarter. Cooke & Bieler LP now owns 1,132,117 shares of the company’s stock valued at $27,329,000 after buying an additional 466,228 shares in the last quarter.

Shares of PRA Group Inc. (NASDAQ:PRAA) opened at 33.80 on Wednesday. The firm has a 50-day moving average price of $32.79 and a 200-day moving average price of $29.01. PRA Group Inc. has a 12 month low of $20.00 and a 12 month high of $56.00. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 12.58 and a beta of 1.33.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company earned $228.50 million during the quarter, compared to the consensus estimate of $227.92 million. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities analysts expect that PRA Group Inc. will post $2.95 EPS for the current fiscal year.

Several research analysts have recently weighed in on PRAA shares. Zacks Investment Research upgraded PRA Group from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. William Blair reaffirmed an “outperform” rating on shares of PRA Group in a research report on Tuesday, September 20th. Finally, SunTrust Banks Inc. set a $42.00 price target on shares of PRA Group and gave the company a “buy” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. PRA Group currently has an average rating of “Hold” and a consensus price target of $34.20.

In other PRA Group news, insider Michael J. Petit sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $34.23, for a total value of $171,150.00. Following the completion of the sale, the insider now directly owns 96,857 shares of the company’s stock, valued at $3,315,415.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Petit sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $28.11, for a total transaction of $84,330.00. Following the completion of the sale, the insider now directly owns 125,157 shares of the company’s stock, valued at $3,518,163.27. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

About PRA Group

PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.

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