O Shaughnessy Asset Management LLC acquired a new stake in Rent-A-Center Inc (NASDAQ:RCII) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,584 shares of the company’s stock, valued at approximately $1,134,000. O Shaughnessy Asset Management LLC owned approximately 0.10% of Rent-A-Center at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. raised its holdings in Rent-A-Center by 117.2% during the first quarter. Meeder Asset Management Inc. now owns 1,303 shares of the company’s stock worth $27,000 after purchasing an additional 703 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Rent-A-Center by 26.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,800 shares of the company’s stock worth $62,000 after purchasing an additional 800 shares in the last quarter. Bank of Montreal Can raised its holdings in Rent-A-Center by 105.6% during the fourth quarter. Bank of Montreal Can now owns 3,831 shares of the company’s stock worth $62,000 after purchasing an additional 1,968 shares in the last quarter. First Quadrant L P CA purchased a new position in Rent-A-Center during the first quarter worth about $91,000. Finally, Advisors Preferred LLC purchased a new position in Rent-A-Center during the first quarter worth about $113,000. Institutional investors and hedge funds own 95.26% of the company’s stock.
In other news, EVP Catherine M. Skula sold 5,000 shares of Rent-A-Center stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $24.45, for a total value of $122,250.00. Following the completion of the transaction, the executive vice president now directly owns 32,090 shares of the company’s stock, valued at approximately $784,600.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.81% of the company’s stock.
Shares of RCII traded down $0.06 during mid-day trading on Wednesday, reaching $25.26. 525,364 shares of the company’s stock were exchanged, compared to its average volume of 1,388,584. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.82 and a current ratio of 2.55. The stock’s 50-day simple moving average is $24.47. Rent-A-Center Inc has a 52-week low of $11.98 and a 52-week high of $26.75. The company has a market cap of $1.33 billion, a P/E ratio of 23.83 and a beta of 0.42.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.29. The firm had revenue of $696.69 million for the quarter, compared to analyst estimates of $683.62 million. Rent-A-Center had a net margin of 1.34% and a return on equity of 33.38%. Rent-A-Center’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) earnings per share. On average, equities research analysts predict that Rent-A-Center Inc will post 2.12 EPS for the current fiscal year.
A number of brokerages have issued reports on RCII. TheStreet raised shares of Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. BidaskClub raised shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 18th. ValuEngine raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Finally, Stephens raised shares of Rent-A-Center from an “underweight” rating to an “equal” rating and set a $27.00 target price for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.00.
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.
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