GSA Capital Partners LLP Has $1.67 Million Position in Aaron’s Holdings Company, Inc. $PRG

GSA Capital Partners LLP cut its position in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 47.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 51,603 shares of the company’s stock after selling 46,789 shares during the quarter. GSA Capital Partners LLP’s holdings in Aaron’s were worth $1,670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management increased its position in shares of Aaron’s by 172.0% in the 3rd quarter. LSV Asset Management now owns 842,274 shares of the company’s stock valued at $27,256,000 after buying an additional 532,593 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Aaron’s by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock worth $17,913,000 after acquiring an additional 259,630 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Aaron’s by 18.9% during the third quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the company’s stock worth $38,428,000 after purchasing an additional 188,835 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Aaron’s by 65.2% during the third quarter. Assenagon Asset Management S.A. now owns 348,436 shares of the company’s stock worth $11,275,000 after purchasing an additional 137,492 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Aaron’s by 81.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 248,624 shares of the company’s stock valued at $7,297,000 after purchasing an additional 111,277 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Analyst Ratings Changes

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

Aaron’s Price Performance

Shares of NYSE PRG opened at $33.85 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. The business has a 50-day moving average of $31.80 and a 200-day moving average of $31.73. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 8.59 and a beta of 1.73. Aaron’s Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $43.24.

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.