Axa lifted its holdings in shares of Rent-A-Center Inc (NASDAQ:RCII) by 42.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 345,600 shares of the company’s stock after buying an additional 103,200 shares during the period. Axa owned 0.65% of Rent-A-Center worth $3,836,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Rent-A-Center by 2.3% during the 4th quarter. BlackRock Inc. now owns 6,470,305 shares of the company’s stock valued at $71,820,000 after buying an additional 145,831 shares during the last quarter. Arlington Value Capital LLC grew its position in shares of Rent-A-Center by 32.6% during the 4th quarter. Arlington Value Capital LLC now owns 4,070,422 shares of the company’s stock valued at $45,181,000 after buying an additional 1,000,103 shares during the last quarter. Brandes Investment Partners LP grew its position in shares of Rent-A-Center by 9.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,993,468 shares of the company’s stock valued at $22,127,000 after buying an additional 174,472 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Rent-A-Center by 1.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,577,669 shares of the company’s stock valued at $18,112,000 after buying an additional 25,839 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Rent-A-Center by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,648 shares of the company’s stock valued at $16,357,000 after buying an additional 189,506 shares during the last quarter.
A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Jefferies Group reissued a “hold” rating and set a $9.00 target price on shares of Rent-A-Center in a research note on Friday, February 23rd. Stephens reissued an “equal weight” rating and set a $5.00 target price (down from $8.00) on shares of Rent-A-Center in a research note on Thursday, February 22nd. Loop Capital reissued a “sell” rating and set a $6.00 target price (down from $8.00) on shares of Rent-A-Center in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus reduced their target price on shares of Rent-A-Center from $10.50 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, February 27th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.86.
Rent-A-Center Inc (RCII) opened at $9.05 on Friday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 2.77. The stock has a market cap of $482.33, a PE ratio of 82.28 and a beta of 0.90. Rent-A-Center Inc has a one year low of $7.22 and a one year high of $13.89.
Rent-A-Center (NASDAQ:RCII) last posted its earnings results on Tuesday, February 20th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.34). The firm had revenue of $638.95 million for the quarter, compared to analyst estimates of $654.55 million. Rent-A-Center had a net margin of 0.25% and a negative return on equity of 11.30%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.23) earnings per share. equities research analysts predict that Rent-A-Center Inc will post 0.16 earnings per share 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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