Frontier Capital Management Co. LLC trimmed its stake in shares of Rent-A-Center Inc (NASDAQ:RCII) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,062,503 shares of the company’s stock after selling 152,899 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 5.74% of Rent-A-Center worth $33,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of RCII. Raymond James Financial Services Advisors Inc. bought a new position in shares of Rent-A-Center during the second quarter worth about $120,000. Cubist Systematic Strategies LLC bought a new position in shares of Rent-A-Center during the second quarter worth about $132,000. Crossmark Global Holdings Inc. bought a new position in shares of Rent-A-Center during the third quarter worth about $132,000. Piedmont Investment Advisors LLC bought a new position in shares of Rent-A-Center during the second quarter worth about $136,000. Finally, Eqis Capital Management Inc. bought a new position in shares of Rent-A-Center during the third quarter worth about $184,000.
A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Zacks Investment Research cut Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Loop Capital set a $8.00 target price on Rent-A-Center and gave the stock a “sell” rating in a research note on Wednesday. Raymond James Financial reaffirmed a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Finally, Jefferies Group decreased their target price on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Rent-A-Center presently has an average rating of “Hold” and a consensus price target of $11.21.
Shares of Rent-A-Center Inc (RCII) opened at $11.70 on Friday. Rent-A-Center Inc has a one year low of $7.76 and a one year high of $13.89. The company has a market capitalization of $618.95, a P/E ratio of -3.55 and a beta of 0.69. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55.
Rent-A-Center (NASDAQ:RCII) last released its earnings results on Monday, October 30th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative return on equity of 0.66% and a negative net margin of 6.35%. The business had revenue of $643.97 million for the quarter, compared to analyst estimates of $649.09 million. During the same period in the prior year, the business earned $0.11 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. analysts forecast that Rent-A-Center Inc will post -0.2 EPS for the current fiscal year.
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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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