Rent-A-Center Inc. (RCII) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP trimmed its stake in Rent-A-Center Inc. (NASDAQ:RCII) by 39.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,372,395 shares of the company’s stock after selling 903,666 shares during the period. Dimensional Fund Advisors LP owned about 2.57% of Rent-A-Center worth $16,084,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of RCII. State of Alaska Department of Revenue grew its position in Rent-A-Center by 77.1% in 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. Municipal Employees Retirement System of Michigan grew its position in Rent-A-Center by 3.6% in 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. Gargoyle Investment Advisor L.L.C. acquired a new stake in Rent-A-Center in the 2nd quarter worth $169,000. Wedbush Securities Inc. grew its position in Rent-A-Center by 28.8% in the 2nd quarter. Wedbush Securities Inc. now owns 21,217 shares of the company’s stock worth $249,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new stake in Rent-A-Center in the 2nd quarter worth $265,000.
A number of equities analysts have recently commented on RCII shares. Zacks Investment Research downgraded shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Jefferies Group LLC reduced their price objective on shares of Rent-A-Center from $12.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, November 1st. Loop Capital set a $8.00 price objective on shares of Rent-A-Center and gave the stock a “sell” rating in a report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a report on Wednesday, November 1st. Finally, BidaskClub raised shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Rent-A-Center currently has an average rating of “Hold” and a consensus target price of $11.21.
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Rent-A-Center Inc. (NASDAQ:RCII) opened at $11.39 on Friday. Rent-A-Center Inc. has a 1-year low of $7.76 and a 1-year high of $13.89. The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings results on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The firm had revenue of $643.97 million for the quarter, compared to the consensus estimate of $649.09 million. During the same period in the prior year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. equities research analysts expect that Rent-A-Center Inc. will post -0.17 earnings per share for the current fiscal year.
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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