Gamco Investors INC. ET AL Cuts Position in PROG Holdings, Inc. (NYSE:PRG)

Gamco Investors INC. ET AL lessened its position in shares of PROG Holdings, Inc. (NYSE:PRGGet Rating) by 43.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 134,402 shares of the company’s stock after selling 103,599 shares during the quarter. Gamco Investors INC. ET AL’s holdings in PROG were worth $6,063,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Life Planning Partners Inc bought a new stake in shares of PROG in the 4th quarter valued at approximately $31,000. Qube Research & Technologies Ltd lifted its stake in shares of PROG by 50.7% in the 4th quarter. Qube Research & Technologies Ltd now owns 18,824 shares of the company’s stock valued at $849,000 after purchasing an additional 6,333 shares during the last quarter. Pictet Asset Management SA bought a new stake in shares of PROG in the 4th quarter valued at approximately $208,000. Citigroup Inc. lifted its stake in shares of PROG by 95.0% in the 4th quarter. Citigroup Inc. now owns 20,594 shares of the company’s stock valued at $929,000 after purchasing an additional 10,035 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of PROG by 7.0% in the 4th quarter. Acadian Asset Management LLC now owns 13,304 shares of the company’s stock valued at $600,000 after purchasing an additional 871 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PRG opened at $26.07 on Monday. The company has a quick ratio of 1.37, a current ratio of 3.35 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $28.00 and a two-hundred day simple moving average of $36.40. The firm has a market cap of $1.41 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.92 and a beta of 1.88. PROG Holdings, Inc. has a twelve month low of $24.38 and a twelve month high of $56.41.

PROG (NYSE:PRGGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.17). The firm had revenue of $710.46 million for the quarter, compared to the consensus estimate of $719.20 million. PROG had a net margin of 7.17% and a return on equity of 24.37%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. On average, research analysts expect that PROG Holdings, Inc. will post 3.35 earnings per share for the current year.

PRG has been the subject of several analyst reports. TheStreet lowered PROG from a “b-” rating to a “c+” rating in a research note on Monday, February 7th. KeyCorp decreased their price target on PROG from $64.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 24th. Raymond James decreased their price target on PROG from $55.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, February 24th. Finally, Zacks Investment Research raised PROG from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $51.33.

PROG Company Profile (Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding PRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PROG Holdings, Inc. (NYSE:PRGGet Rating).

Institutional Ownership by Quarter for PROG (NYSE:PRG)

Receive News & Ratings for PROG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROG and related companies with MarketBeat.com's FREE daily email newsletter.