Los Angeles Capital Management & Equity Research Inc. continued to hold its stake in shares of Rent-A-Center Inc. (NASDAQ:RCII) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,120 shares of the company’s stock at the close of the second quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.32% of Rent-A-Center worth $1,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of RCII. Teachers Advisors LLC lifted its stake in shares of Rent-A-Center by 14.1% in the fourth quarter. Teachers Advisors LLC now owns 95,214 shares of the company’s stock worth $1,071,000 after buying an additional 11,761 shares in the last quarter. Bank of Montreal Can lifted its position in Rent-A-Center by 7,016.1% during the first quarter. Bank of Montreal Can now owns 65,041 shares of the company’s stock valued at $577,000 after purchasing an additional 64,127 shares during the period. Louisiana State Employees Retirement System lifted its position in Rent-A-Center by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the company’s stock valued at $192,000 after purchasing an additional 300 shares during the period. Wells Fargo & Company MN lifted its position in Rent-A-Center by 331.8% during the first quarter. Wells Fargo & Company MN now owns 168,780 shares of the company’s stock valued at $1,497,000 after purchasing an additional 129,688 shares during the period. Finally, Comerica Bank lifted its position in Rent-A-Center by 4.0% during the first quarter. Comerica Bank now owns 58,681 shares of the company’s stock valued at $644,000 after purchasing an additional 2,264 shares during the period.

Rent-A-Center Inc. (RCII) opened at 12.54 on Friday. The company’s 50-day moving average is $12.73 and its 200-day moving average is $11.38. The company’s market cap is $668.39 million. Rent-A-Center Inc. has a 12 month low of $7.76 and a 12 month high of $13.89.

Rent-A-Center (NASDAQ:RCII) last released its earnings results on Wednesday, July 26th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company had revenue of $667.64 million during the quarter, compared to analyst estimates of $667.04 million. Rent-A-Center had a positive return on equity of 3.87% and a negative net margin of 5.57%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. On average, equities research analysts expect that Rent-A-Center Inc. will post $0.06 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/17/los-angeles-capital-management-equity-research-inc-maintains-position-in-rent-a-center-inc-rcii.html.

A number of research analysts recently weighed in on RCII shares. Loop Capital restated a “sell” rating and set a $8.00 price objective on shares of Rent-A-Center in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $12.00 price objective on shares of Rent-A-Center in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Stifel Nicolaus restated a “hold” rating and set a $13.00 price objective (up previously from $11.50) on shares of Rent-A-Center in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.50.

Rent-A-Center 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 & Stock Ratings for Rent-A-Center Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center Inc. and related stocks with our FREE daily email newsletter.