Yousif Capital Management LLC Decreases Holdings in PROG Holdings, Inc. (NYSE:PRG)

Yousif Capital Management LLC lowered its position in PROG Holdings, Inc. (NYSE:PRGFree Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,823 shares of the company’s stock after selling 547 shares during the quarter. Yousif Capital Management LLC’s holdings in PROG were worth $669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Whittier Trust Co. purchased a new stake in shares of PROG in the 3rd quarter valued at $26,000. Financial Management Professionals Inc. purchased a new stake in PROG during the third quarter valued at about $33,000. Quarry LP boosted its position in PROG by 162.9% during the third quarter. Quarry LP now owns 1,517 shares of the company’s stock valued at $74,000 after buying an additional 940 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of PROG during the third quarter valued at about $83,000. Finally, KBC Group NV lifted its stake in shares of PROG by 53.9% in the 4th quarter. KBC Group NV now owns 2,015 shares of the company’s stock valued at $85,000 after acquiring an additional 706 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors.

PROG Price Performance

Shares of PROG stock opened at $42.74 on Friday. The business has a 50 day moving average of $42.92 and a 200 day moving average of $45.08. PROG Holdings, Inc. has a 52 week low of $27.84 and a 52 week high of $50.28. The company has a market cap of $1.78 billion, a PE ratio of 11.84 and a beta of 2.18. The company has a quick ratio of 2.34, a current ratio of 4.97 and a debt-to-equity ratio of 0.94.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PRG. Raymond James upgraded PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, October 24th. Stephens reaffirmed an “overweight” rating and issued a $60.00 target price on shares of PROG in a research note on Thursday, January 2nd. Finally, TD Cowen raised shares of PROG to a “strong-buy” rating in a research report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $53.83.

Check Out Our Latest Research Report on PRG

About PROG

(Free Report)

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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