SG Americas Securities LLC Trims Stake in PROG Holdings, Inc. (NYSE:PRG)

SG Americas Securities LLC trimmed its stake in PROG Holdings, Inc. (NYSE:PRG – Get Rating) by 66.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,488 shares of the company’s stock after selling 22,760 shares during the quarter. SG Americas Securities LLC’s holdings in PROG were worth $194,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PRG. Bank of Montreal Can bought a new stake in PROG during the 1st quarter worth approximately $4,770,000. MetLife Investment Management LLC increased its holdings in shares of PROG by 30.3% in the 1st quarter. MetLife Investment Management LLC now owns 65,818 shares of the company’s stock valued at $1,894,000 after acquiring an additional 15,302 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in PROG by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,787 shares of the company’s stock valued at $598,000 after acquiring an additional 1,982 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of PROG by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 30,504 shares of the company’s stock worth $902,000 after buying an additional 1,728 shares during the period. Finally, Ergoteles LLC lifted its holdings in shares of PROG by 55.0% during the first quarter. Ergoteles LLC now owns 36,717 shares of the company’s stock worth $1,056,000 after purchasing an additional 13,026 shares during the period. Hedge funds and other institutional investors own 98.81% of the company’s stock.

Analyst Upgrades and Downgrades

PRG has been the subject of several recent research reports. Loop Capital lifted their price target on PROG from $28.00 to $34.00 in a research report on Thursday, April 27th. TheStreet raised shares of PROG from a “d+” rating to a “c-” rating in a research note on Friday, January 13th.

PROG Trading Up 1.4 %

Shares of PRG stock opened at $31.75 on Friday. PROG Holdings, Inc. has a twelve month low of $12.11 and a twelve month high of $31.98. The company has a current ratio of 3.40, a quick ratio of 1.58 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $25.52 and its two-hundred day moving average is $21.60. The company has a market capitalization of $1.48 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 1.67 and a beta of 2.12.

PROG (NYSE:PRG – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.27. PROG had a return on equity of 27.54% and a net margin of 4.70%. The company had revenue of $655.14 million during the quarter, compared to the consensus estimate of $642.58 million. During the same period in the previous year, the firm posted $0.57 EPS. PROG’s revenue was down 7.8% on a year-over-year basis. Equities analysts forecast that PROG Holdings, Inc. will post 2.69 EPS for the current year.

PROG 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.