Frontier Capital Management Co. LLC Trims Holdings in Rent-A-Center Inc (RCII)

Frontier Capital Management Co. LLC lessened its position in Rent-A-Center Inc (NASDAQ:RCII) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,062,503 shares of the company’s stock after selling 152,899 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.06% of Rent-A-Center worth $33,994,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its stake in Rent-A-Center by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 24,038 shares of the company’s stock valued at $282,000 after acquiring an additional 263 shares during the period. B. Riley Financial Inc. grew its stake in Rent-A-Center by 3.1% in the second quarter. B. Riley Financial Inc. now owns 23,206 shares of the company’s stock valued at $272,000 after acquiring an additional 706 shares during the period. Thrivent Financial For Lutherans grew its stake in Rent-A-Center by 6.8% in the second quarter. Thrivent Financial For Lutherans now owns 32,090 shares of the company’s stock valued at $376,000 after acquiring an additional 2,050 shares during the period. Voya Investment Management LLC grew its stake in Rent-A-Center by 4.2% in the second quarter. Voya Investment Management LLC now owns 69,640 shares of the company’s stock valued at $816,000 after acquiring an additional 2,798 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Rent-A-Center by 6.8% in the second quarter. Alliancebernstein L.P. now owns 71,919 shares of the company’s stock valued at $843,000 after acquiring an additional 4,600 shares during the period.

Rent-A-Center Inc (NASDAQ RCII) opened at $11.70 on Friday. Rent-A-Center Inc has a fifty-two week low of $7.76 and a fifty-two week high of $13.89. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $618.95, a P/E ratio of -3.55 and a beta of 0.69.

Rent-A-Center (NASDAQ:RCII) last posted its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The company had revenue of $643.97 million during the quarter, compared to the consensus estimate of $649.09 million. During the same quarter in the prior year, the business earned $0.11 EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. sell-side analysts forecast that Rent-A-Center Inc will post -0.2 EPS for the current fiscal year.

A number of brokerages have commented on RCII. Zacks Investment Research raised Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the company a “sell” rating in a research note on Wednesday. Jefferies Group reduced their price objective on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, November 1st. BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $11.21.

ILLEGAL ACTIVITY NOTICE: “Frontier Capital Management Co. LLC Trims Holdings in Rent-A-Center Inc (RCII)” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3148560/frontier-capital-management-co-llc-trims-holdings-in-rent-a-center-inc-rcii.html.

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.

Want to see what other hedge funds are holding RCII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rent-A-Center Inc (NASDAQ:RCII).

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

Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.