Trexquant Investment LP acquired a new position in shares of Rent-A-Center Inc. (NASDAQ:RCII) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 44,044 shares of the company’s stock, valued at approximately $506,000. Trexquant Investment LP owned approximately 0.08% of Rent-A-Center as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Rent-A-Center by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,038 shares of the company’s stock worth $282,000 after buying an additional 263 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Rent-A-Center by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 38,839 shares of the company’s stock worth $455,000 after buying an additional 324 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Rent-A-Center by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,550 shares of the company’s stock worth $147,000 after buying an additional 440 shares in the last quarter. B. Riley Financial Inc. lifted its holdings in Rent-A-Center by 3.1% during the 2nd quarter. B. Riley Financial Inc. now owns 23,206 shares of the company’s stock worth $272,000 after buying an additional 706 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in Rent-A-Center by 6.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 32,090 shares of the company’s stock worth $376,000 after buying an additional 2,050 shares in the last quarter.

Rent-A-Center Inc. (NASDAQ RCII) opened at $11.50 on Friday. The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69. 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 posted its quarterly 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). The company had revenue of $643.97 million during the quarter, compared to analyst estimates of $649.09 million. Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. sell-side analysts anticipate that Rent-A-Center Inc. will post -0.19 EPS for the current year.

Several research analysts have issued reports on the company. Jefferies Group reduced their price objective on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, November 1st. BidaskClub raised Rent-A-Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the stock a “sell” rating in a report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a report on Wednesday, November 1st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.21.

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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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