Hollencrest Capital Management Has $864,000 Position in Rent-A-Center Inc (RCII)
Hollencrest Capital Management lifted its holdings in Rent-A-Center Inc (NASDAQ:RCII) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,800 shares of the company’s stock after acquiring an additional 9,000 shares during the period. Hollencrest Capital Management’s holdings in Rent-A-Center were worth $864,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in RCII. Arlington Value Capital LLC lifted its holdings in shares of Rent-A-Center by 85.2% in the 2nd 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 last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Rent-A-Center by 1,124.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,229,142 shares of the company’s stock valued at $14,405,000 after acquiring an additional 1,128,785 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of Rent-A-Center in the 3rd quarter valued at about $5,795,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Rent-A-Center in the 3rd quarter valued at about $1,722,000. Finally, Numeric Investors LLC purchased a new stake in Rent-A-Center in the 2nd quarter worth about $1,551,000.
A number of analysts recently weighed in on RCII shares. Zacks Investment Research lowered shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. BidaskClub lowered shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Jefferies Group reduced their price objective on shares of Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. Raymond James Financial reissued a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $10.50 price objective on shares of Rent-A-Center in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.21.
Rent-A-Center (NASDAQ:RCII) last issued its earnings results on Monday, October 30th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.07). The company had revenue of $643.97 million for the quarter, compared to analysts’ expectations 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 was down 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. equities analysts expect that Rent-A-Center Inc will post -0.2 EPS for the current year.
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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