14,812 Shares in Aaron’s Holdings Company, Inc. $PRG Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC bought a new position in Aaron’s Holdings Company, Inc. (NYSE:PRG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,812 shares of the company’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. bought a new position in shares of Aaron’s during the 3rd quarter valued at about $415,000. Gallacher Capital Management LLC raised its position in Aaron’s by 107.5% in the 3rd quarter. Gallacher Capital Management LLC now owns 17,196 shares of the company’s stock worth $556,000 after purchasing an additional 8,909 shares during the period. Allianz Asset Management GmbH boosted its holdings in Aaron’s by 18.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the company’s stock valued at $38,428,000 after acquiring an additional 188,835 shares during the period. State of Wyoming boosted its stake in shares of Aaron’s by 12.9% during the third quarter. State of Wyoming now owns 11,552 shares of the company’s stock valued at $374,000 after purchasing an additional 1,317 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Aaron’s by 22.3% in the 3rd quarter. Principal Financial Group Inc. now owns 244,679 shares of the company’s stock valued at $7,918,000 after buying an additional 44,604 shares during the period. Institutional investors own 97.92% of the company’s stock.

Aaron’s Stock Up 2.1%

Shares of PRG stock opened at $34.68 on Monday. The stock’s fifty day moving average price is $31.21 and its 200 day moving average price is $31.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. Aaron’s Holdings Company, Inc. has a 1-year low of $23.50 and a 1-year high of $44.24. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 8.80 and a beta of 1.73.

Wall Street Analysts Forecast Growth

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

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.