PROG Holdings, Inc. (NYSE:PRG) Position Cut by Arizona State Retirement System

Arizona State Retirement System trimmed its stake in PROG Holdings, Inc. (NYSE:PRGGet Rating) by 14.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,332 shares of the company’s stock after selling 2,566 shares during the quarter. Arizona State Retirement System’s holdings in PROG were worth $441,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its holdings in PROG by 30.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,173 shares of the company’s stock worth $504,000 after purchasing an additional 2,631 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of PROG in the fourth quarter valued at approximately $2,956,000. Yousif Capital Management LLC acquired a new position in shares of PROG during the fourth quarter valued at approximately $1,406,000. Dupont Capital Management Corp raised its holdings in PROG by 3.3% during the fourth quarter. Dupont Capital Management Corp now owns 18,034 shares of the company’s stock worth $814,000 after purchasing an additional 571 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in PROG in the fourth quarter worth approximately $205,000. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on PRG shares. TheStreet downgraded PROG from a “c-” rating to a “d” rating in a research note on Thursday, July 28th. Stephens set a $21.00 price objective on shares of PROG in a research report on Monday, June 20th. Raymond James downgraded shares of PROG from an “outperform” rating to a “market perform” rating in a report on Friday, June 17th. Finally, KeyCorp reduced their target price on shares of PROG from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, July 28th.

PROG Trading Up 6.7 %

NYSE:PRG opened at $19.76 on Thursday. The company has a quick ratio of 1.26, a current ratio of 3.26 and a debt-to-equity ratio of 1.06. PROG Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $50.79. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.55 and a beta of 2.01. The stock has a fifty day simple moving average of $20.34 and a 200 day simple moving average of $27.36.

PROG Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for PROG (NYSE:PRG)

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