Anderson Fisher LLC Purchases Shares of 5,901 Rent-A-Center Inc (NASDAQ:RCII)

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Anderson Fisher LLC purchased a new stake in Rent-A-Center Inc (NASDAQ:RCII) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,901 shares of the company’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RCII. LMR Partners LLP purchased a new position in shares of Rent-A-Center in the fourth quarter valued at $31,898,000. Millennium Management LLC grew its position in shares of Rent-A-Center by 2,935.8% in the fourth quarter. Millennium Management LLC now owns 1,385,377 shares of the company’s stock valued at $22,429,000 after purchasing an additional 1,339,742 shares in the last quarter. Engaged Capital LLC grew its position in shares of Rent-A-Center by 17.6% in the fourth quarter. Engaged Capital LLC now owns 5,333,609 shares of the company’s stock valued at $86,351,000 after purchasing an additional 800,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Rent-A-Center by 191.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 876,742 shares of the company’s stock valued at $14,194,000 after purchasing an additional 575,452 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Rent-A-Center in the fourth quarter valued at $7,507,000. Institutional investors own 95.40% of the company’s stock.

NASDAQ:RCII opened at $25.25 on Thursday. The firm has a market cap of $1.33 billion, a P/E ratio of 23.82 and a beta of 0.41. Rent-A-Center Inc has a 52-week low of $11.56 and a 52-week high of $26.75. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.55 and a quick ratio of 0.82.

Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.29. The company had revenue of $696.69 million during the quarter, compared to analyst estimates of $683.62 million. Rent-A-Center had a return on equity of 33.38% and a net margin of 1.34%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share. Equities research analysts anticipate that Rent-A-Center Inc will post 2.12 EPS for the current year.

In other Rent-A-Center news, EVP Catherine M. Skula sold 5,000 shares of Rent-A-Center stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $24.45, for a total transaction of $122,250.00. Following the completion of the sale, the executive vice president now owns 32,090 shares of the company’s stock, valued at $784,600.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.81% of the company’s stock.

RCII has been the subject of several research analyst reports. Raymond James lowered Rent-A-Center from an “outperform” rating to a “market perform” rating and set a $18.78 price objective for the company. in a research note on Wednesday, February 27th. BidaskClub raised Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Jefferies Financial Group lifted their price objective on Rent-A-Center from $19.50 to $22.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Finally, ValuEngine raised Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.25.

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Rent-A-Center Profile

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

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