Vintage Capital Management LLC Has 5.9% Stake in Rent-A-Center Inc (RCII)

Vintage Capital Management LLC

recently revealed that they own a 5.9% stake in Rent-A-Center Inc (NASDAQ:RCII) in a Form 13D/A disclosure that was filed with the SEC on Friday, January 19th. The investor owns 3,186,042 shares of the stock valued at about $37,276,691. The reporting parties listed on the disclosure included Vintage Capital Management, LLC, Kahn Capital Management, LLC and Brian R Kahn. The disclosure is available through the SEC website at this link.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Frontier Capital Management Co. LLC boosted its holdings in shares of Rent-A-Center by 2.2% in the third quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock valued at $36,913,000 after purchasing an additional 68,605 shares during the period. Arlington Value Capital LLC raised its stake 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 worth $31,907,000 after buying an additional 1,252,756 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Rent-A-Center by 1.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,577,669 shares of the company’s stock worth $18,112,000 after buying an additional 25,839 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Rent-A-Center by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 1,418,648 shares of the company’s stock worth $16,357,000 after buying an additional 189,506 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Rent-A-Center by 28.8% in the second quarter. Parametric Portfolio Associates LLC now owns 582,062 shares of the company’s stock worth $6,822,000 after buying an additional 130,293 shares in the last quarter.

A number of equities analysts recently commented on the stock. BidaskClub raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Loop Capital set a $8.00 price objective on shares of Rent-A-Center and gave the stock a “sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Stifel Nicolaus reissued a “hold” rating and issued a $10.50 price objective on shares of Rent-A-Center in a research note on Wednesday, November 1st. Finally, Raymond James Financial reissued a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Rent-A-Center currently has a consensus rating of “Hold” and an average target price of $11.21.

Shares of Rent-A-Center Inc (NASDAQ RCII) traded up $0.09 during trading hours on Friday, reaching $11.70. 893,198 shares of the company were exchanged, compared to its average volume of 1,825,331. The company has a market capitalization of $618.95, a P/E ratio of -3.57 and a beta of 0.69. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69. Rent-A-Center Inc has a 52 week low of $7.76 and a 52 week high of $13.89.

Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings results on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). The business had revenue of $643.97 million for the quarter, compared to analyst estimates of $649.09 million. Rent-A-Center had a negative return on equity of 0.66% and a negative net margin of 6.35%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. equities analysts anticipate that Rent-A-Center Inc will post -0.2 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Rent-A-Center (NASDAQ:RCII)

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