Aaron’s Holdings Company, Inc. $PRG Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 18.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,187,509 shares of the company’s stock after buying an additional 188,835 shares during the quarter. Allianz Asset Management GmbH owned 3.00% of Aaron’s worth $38,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Aaron’s by 142.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 62,609 shares of the company’s stock worth $1,926,000 after acquiring an additional 36,788 shares in the last quarter. Vest Financial LLC acquired a new position in Aaron’s in the third quarter worth about $1,312,000. Y Intercept Hong Kong Ltd grew its stake in Aaron’s by 503.6% in the second quarter. Y Intercept Hong Kong Ltd now owns 109,597 shares of the company’s stock worth $3,217,000 after purchasing an additional 91,439 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Aaron’s by 419.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,363 shares of the company’s stock valued at $1,306,000 after buying an additional 32,597 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in Aaron’s by 2.3% during the second quarter. Yousif Capital Management LLC now owns 17,674 shares of the company’s stock valued at $519,000 after buying an additional 390 shares in the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PRG shares. TD Cowen decreased their target price on Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd. B. Riley assumed coverage on shares of Aaron’s in a report on Tuesday, December 16th. They set a “buy” rating and a $50.00 target price on the stock. Wall Street Zen lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective for the company in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Aaron’s Stock Up 0.7%

PRG stock opened at $34.03 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of 8.64 and a beta of 1.73. The firm’s 50-day simple moving average is $31.09 and its 200 day simple moving average is $31.59. Aaron’s Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $44.42. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85.

About Aaron’s

PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.