Rent-A-Center Sees Unusually High Options Volume (RCII)

Rent-A-Center Inc (NASDAQ:RCII) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 27,249 call options on the stock. This represents an increase of 3,163% compared to the typical volume of 835 call options.

Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Jefferies Group cut 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 research 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 research report on Tuesday, October 31st. Stifel Nicolaus restated a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research report on Wednesday, November 1st. Finally, Raymond James Financial restated a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.21.

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP increased its holdings in shares of Rent-A-Center by 10.6% during the third quarter. Royce & Associates LP now owns 417,518 shares of the company’s stock worth $4,793,000 after purchasing an additional 40,000 shares during the period. Macquarie Group Ltd. bought a new position in shares of Rent-A-Center during the third quarter worth approximately $404,000. Frontier Capital Management Co. LLC increased its holdings in shares of Rent-A-Center by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock worth $36,913,000 after purchasing an additional 68,605 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Rent-A-Center during the third quarter worth approximately $1,722,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Rent-A-Center by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 1,418,648 shares of the company’s stock worth $16,357,000 after purchasing an additional 189,506 shares during the period.

Rent-A-Center (RCII) opened at $9.85 on Friday. Rent-A-Center has a fifty-two week low of $7.93 and a fifty-two week high of $13.89. The company has a market cap of $525.12, a P/E ratio of -3.00 and a beta of 0.63. The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69.

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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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