Federated Hermes Inc. Sells 16,013 Shares of Aaron’s Holdings Company, Inc. $PRG

Federated Hermes Inc. trimmed its stake in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 31.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,250 shares of the company’s stock after selling 16,013 shares during the period. Federated Hermes Inc. owned about 0.09% of Aaron’s worth $1,141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Aaron’s in the second quarter valued at about $27,000. Whittier Trust Co. boosted its holdings in Aaron’s by 157.6% in the second quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after acquiring an additional 851 shares during the last quarter. WealthCollab LLC increased its position in Aaron’s by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after purchasing an additional 800 shares during the period. CWM LLC lifted its position in shares of Aaron’s by 225.4% in the 2nd quarter. CWM LLC now owns 2,841 shares of the company’s stock worth $83,000 after purchasing an additional 1,968 shares during the period. Finally, Cim Investment Management Inc. acquired a new position in shares of Aaron’s in the 2nd quarter worth approximately $191,000. 97.92% of the stock is owned by institutional investors and hedge funds.

Aaron’s Trading Up 0.7%

NYSE PRG opened at $34.03 on Friday. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. Aaron’s Holdings Company, Inc. has a 52 week low of $23.50 and a 52 week high of $44.42. The business has a 50 day moving average price of $31.09 and a 200-day moving average price of $31.59. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 8.64 and a beta of 1.73.

Wall Street Analysts Forecast Growth

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

Aaron’s Profile

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.