Comerica Bank decreased its position in shares of Rent-A-Center Inc. (NASDAQ:RCII) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,424 shares of the company’s stock after selling 3,257 shares during the period. Comerica Bank owned approximately 0.10% of Rent-A-Center worth $686,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Arizona State Retirement System increased its position in Rent-A-Center by 1.1% during the 1st quarter. Arizona State Retirement System now owns 27,700 shares of the company’s stock worth $246,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement System increased its position in Rent-A-Center by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the company’s stock worth $192,000 after buying an additional 300 shares during the period. Texas Permanent School Fund increased its position in Rent-A-Center by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 38,839 shares of the company’s stock worth $455,000 after buying an additional 324 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Rent-A-Center by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,550 shares of the company’s stock worth $147,000 after buying an additional 440 shares during the period. Finally, Mason Street Advisors LLC increased its position in Rent-A-Center by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 12,439 shares of the company’s stock worth $110,000 after buying an additional 825 shares during the period.

Several research analysts have weighed in on the company. BidaskClub upgraded Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Rent-A-Center from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and set a $13.00 target price (up from $11.50) on shares of Rent-A-Center in a report on Friday, July 28th. Loop Capital lowered Rent-A-Center from a “hold” rating to a “sell” rating and set a $8.00 target price on the stock. in a report on Wednesday, June 7th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $12.00 target price on shares of Rent-A-Center in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.50.

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Shares of Rent-A-Center Inc. (NASDAQ RCII) opened at 10.80 on Friday. The stock’s 50 day moving average price is $12.67 and its 200 day moving average price is $11.46. Rent-A-Center Inc. has a 12-month low of $7.76 and a 12-month high of $13.89. The firm’s market capitalization is $575.65 million.

Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Wednesday, July 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Rent-A-Center had a negative net margin of 5.57% and a positive return on equity of 3.87%. The company had revenue of $667.64 million for the quarter, compared to the consensus estimate of $667.04 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities research analysts expect that Rent-A-Center Inc. will post $0.07 earnings per share for the current year.

Rent-A-Center Company Profile

Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.

Institutional Ownership by Quarter for Rent-A-Center (NASDAQ:RCII)

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