Rent-A-Center Inc. (RCII) Stake Raised by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC lifted its position in shares of Rent-A-Center Inc. (NASDAQ:RCII) by 174.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,842 shares of the company’s stock after purchasing an additional 10,061 shares during the period. Tower Research Capital LLC TRC’s holdings in Rent-A-Center were worth $185,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in RCII. Mason Street Advisors LLC lifted its position in shares of 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 purchasing an additional 825 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Rent-A-Center by 77.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,448 shares of the company’s stock worth $122,000 after purchasing an additional 4,548 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Rent-A-Center during the 1st quarter worth $130,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Rent-A-Center during the 2nd quarter worth $132,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of 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 purchasing an additional 440 shares during the last quarter.
Shares of Rent-A-Center Inc. (NASDAQ:RCII) traded down 1.15% during midday trading on Wednesday, reaching $11.14. 69,121 shares of the company traded hands. The firm’s market capitalization is $593.78 million. The company has a 50 day moving average of $11.86 and a 200 day moving average of $11.71. Rent-A-Center Inc. has a 12 month low of $7.76 and a 12 month high of $13.89.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Wednesday, July 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.08). Rent-A-Center had a positive return on equity of 3.87% and a negative net margin of 5.57%. The business had revenue of $667.64 million during the quarter, compared to the consensus estimate of $667.04 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts predict that Rent-A-Center Inc. will post $0.07 earnings per share for the current fiscal year.
Several research firms have recently issued reports on RCII. Zacks Investment Research raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub raised shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $13.00 price objective (up from $11.50) on shares of Rent-A-Center in a research report on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price objective on shares of Rent-A-Center in a research report on Thursday, September 7th. Finally, Loop Capital reaffirmed a “sell” rating and set a $8.00 price objective on shares of Rent-A-Center in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.71.
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.
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