William Blair Investment Management LLC Sells 171,068 Shares of PRA Group, Inc. (NASDAQ:PRAA)

William Blair Investment Management LLC cut its holdings in PRA Group, Inc. (NASDAQ:PRAA) by 16.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 856,558 shares of the business services provider’s stock after selling 171,068 shares during the period. William Blair Investment Management LLC’s holdings in PRA Group were worth $17,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Alpha Capital Management Ltd. boosted its stake in PRA Group by 4.3% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,896,000 shares of the business services provider’s stock valued at $39,607,000 after acquiring an additional 78,200 shares during the last quarter. State Street Corp lifted its stake in PRA Group by 1.0% in the third quarter. State Street Corp now owns 1,502,427 shares of the business services provider’s stock valued at $33,594,000 after purchasing an additional 14,758 shares during the last quarter. Geode Capital Management LLC grew its holdings in PRA Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 929,184 shares of the business services provider’s stock valued at $20,781,000 after purchasing an additional 19,134 shares during the period. Raymond James Financial Inc. purchased a new stake in PRA Group in the fourth quarter worth $7,657,000. Finally, Capital Management Corp VA bought a new stake in shares of PRA Group in the fourth quarter valued at $4,659,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Stock Up 1.0 %

NASDAQ PRAA opened at $19.89 on Thursday. The company has a market cap of $785.85 million, a PE ratio of 11.11 and a beta of 1.64. PRA Group, Inc. has a 52 week low of $18.09 and a 52 week high of $28.64. The firm’s 50-day simple moving average is $21.39 and its two-hundred day simple moving average is $21.39.

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

PRA Group Company 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.