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

Steward Partners Investment Advisory LLC cut its holdings in shares of PROG Holdings, Inc. (NYSE:PRGGet Rating) by 71.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,460 shares of the company’s stock after selling 15,948 shares during the period. Steward Partners Investment Advisory LLC’s holdings in PROG were worth $186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Life Planning Partners Inc bought a new position in PROG during the fourth quarter worth about $31,000. Quadrant Capital Group LLC lifted its holdings in PROG by 298.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,255 shares of the company’s stock worth $57,000 after acquiring an additional 940 shares in the last quarter. JJJ Advisors Inc. lifted its holdings in PROG by 35.2% during the fourth quarter. JJJ Advisors Inc. now owns 1,499 shares of the company’s stock worth $68,000 after acquiring an additional 390 shares in the last quarter. Icapital Wealth LLC bought a new position in PROG during the first quarter worth about $73,000. Finally, Okabena Investment Services Inc. acquired a new stake in shares of PROG in the 4th quarter valued at about $114,000. 95.47% of the stock is currently owned by institutional investors.

PROG Price Performance

NYSE:PRG opened at $18.42 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.37 and a current ratio of 3.35. The stock’s 50-day simple moving average is $20.75 and its 200 day simple moving average is $27.64. The company has a market cap of $995.47 million, a P/E ratio of 6.22 and a beta of 2.05. PROG Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $50.79.

Analyst Ratings Changes

Several research firms have issued reports on PRG. TheStreet downgraded PROG from a “c-” rating to a “d” rating in a research note on Thursday. Raymond James downgraded PROG from an “outperform” rating to a “market perform” rating in a research note on Friday, June 17th. KeyCorp dropped their price target on PROG from $40.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Stephens set a $21.00 price target on PROG in a research note on Monday, June 20th.

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.

See Also

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Institutional Ownership by Quarter for PROG (NYSE:PRG)

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