Fox Run Management L.L.C. bought a new stake in Rent-A-Center Inc. (NASDAQ:RCII) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,600 shares of the company’s stock, valued at approximately $374,000. Fox Run Management L.L.C. owned 0.06% of Rent-A-Center as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Rent-A-Center by 3.2% in the first quarter. Vanguard Group Inc. now owns 7,115,980 shares of the company’s stock valued at $63,118,000 after acquiring an additional 223,478 shares during the period. Arlington Value Capital LLC lifted its holdings in Rent-A-Center by 85.2% in the second quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock valued at $31,907,000 after acquiring an additional 1,252,756 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Rent-A-Center by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock valued at $20,190,000 after acquiring an additional 23,437 shares during the period. Brandes Investment Partners LP lifted its holdings in Rent-A-Center by 2.4% in the second quarter. Brandes Investment Partners LP now owns 2,072,495 shares of the company’s stock valued at $24,290,000 after acquiring an additional 49,068 shares during the period. Finally, State Street Corp lifted its holdings in Rent-A-Center by 19.2% in the first quarter. State Street Corp now owns 1,899,273 shares of the company’s stock valued at $16,841,000 after acquiring an additional 305,946 shares during the period.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Rent-A-Center from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC cut their price target on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.50 price target on shares of Rent-A-Center in a research note on Wednesday. Loop Capital set a $8.00 price target on Rent-A-Center and gave the stock a “sell” rating in a research note on Tuesday. Finally, BidaskClub raised Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.21.
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Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07). The firm had revenue of $643.97 million during the quarter, compared to analyst estimates of $649.09 million. Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS.
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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