Headlands Technologies LLC Raises Holdings in PRA Group, Inc. (NASDAQ:PRAA)

Headlands Technologies LLC boosted its stake in shares of PRA Group, Inc. (NASDAQ:PRAA) by 231.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,278 shares of the business services provider’s stock after acquiring an additional 5,081 shares during the period. Headlands Technologies LLC’s holdings in PRA Group were worth $152,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quarry LP lifted 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 worth $29,000 after purchasing an additional 972 shares during the last quarter. FMR LLC lifted its position in shares of PRA Group by 55.0% during the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after buying an additional 606 shares during the last quarter. Point72 DIFC Ltd boosted its holdings in shares of PRA Group by 388.6% in the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,710 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of PRA Group in the 4th quarter worth approximately $134,000. Finally, AlphaQuest LLC raised its stake in shares of PRA Group by 24.5% during the 4th quarter. AlphaQuest LLC now owns 7,690 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,513 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Stock Down 6.5 %

NASDAQ:PRAA opened at $19.16 on Friday. The firm has a 50 day moving average of $21.36 and a 200 day moving average of $21.34. PRA Group, Inc. has a 52 week low of $18.09 and a 52 week high of $28.64. The stock has a market capitalization of $757.01 million, a price-to-earnings ratio of 10.70 and a beta of 1.64.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The firm had revenue of $293.23 million during the quarter, compared to analysts’ expectations of $275.81 million. As a group, analysts expect that PRA Group, Inc. will post 2.1 EPS for the current year.

About PRA Group

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.