Steward Partners Investment Advisory LLC Sells 15,948 Shares of PROG Holdings, Inc. (NYSE:PRG)

Steward Partners Investment Advisory LLC lowered its position in PROG Holdings, Inc. (NYSE:PRG – Get Rating) by 71.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,460 shares of the company’s stock after selling 15,948 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in PROG were worth $186,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Summit Global Investments lifted its position in shares of PROG by 20.2% in the 1st quarter. Summit Global Investments now owns 26,781 shares of the company’s stock worth $770,000 after acquiring an additional 4,500 shares during the period. New York State Teachers Retirement System lifted its position in shares of PROG by 4.9% in the 1st quarter. New York State Teachers Retirement System now owns 92,693 shares of the company’s stock worth $2,667,000 after acquiring an additional 4,295 shares during the period. Sciencast Management LP acquired a new position in shares of PROG in the 1st quarter worth approximately $476,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of PROG by 7.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 381,045 shares of the company’s stock worth $10,963,000 after buying an additional 24,860 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of PROG by 74.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 25,500 shares of the company’s stock worth $724,000 after buying an additional 10,900 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

PRG has been the subject of a number of recent research reports. TheStreet cut PROG from a “c-” rating to a “d” rating in a report on Thursday. Raymond James cut PROG from an “outperform” rating to a “market perform” rating in a report on Friday, June 17th. Stephens set a $21.00 target price on PROG in a report on Monday, June 20th. Finally, KeyCorp dropped their price target on PROG from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday.

PROG Trading Up 3.6 %

PRG stock opened at $18.42 on Monday. The business has a fifty day moving average price of $20.75 and a 200 day moving average price of $27.64. PROG Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $50.79. The stock has a market capitalization of $995.47 million, a price-to-earnings ratio of 6.22 and a beta of 2.05. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.35 and a quick ratio of 1.37.

PROG Company Profile

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PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.

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