Envestnet Asset Management Inc. lessened its position in Rent-A-Center Inc. (NASDAQ:RCII) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 373,399 shares of the company’s stock after selling 6,525 shares during the period. Envestnet Asset Management Inc. owned 0.70% of Rent-A-Center worth $4,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RCII. Teachers Advisors LLC increased its holdings in Rent-A-Center by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 97,553 shares of the company’s stock worth $865,000 after purchasing an additional 2,339 shares in the last quarter. Bank of America Corp DE increased its holdings in Rent-A-Center by 79.2% in the 1st quarter. Bank of America Corp DE now owns 158,104 shares of the company’s stock worth $1,402,000 after purchasing an additional 69,899 shares in the last quarter. State Street Corp increased its holdings in Rent-A-Center by 19.2% in the 1st quarter. State Street Corp now owns 1,899,273 shares of the company’s stock worth $16,841,000 after purchasing an additional 305,946 shares in the last quarter. Credit Suisse AG increased its holdings in Rent-A-Center by 5.2% in the 1st quarter. Credit Suisse AG now owns 161,744 shares of the company’s stock worth $1,434,000 after purchasing an additional 8,035 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in Rent-A-Center by 11.4% in the 2nd quarter. Aperio Group LLC now owns 39,133 shares of the company’s stock worth $459,000 after purchasing an additional 4,006 shares in the last quarter.

Shares of Rent-A-Center Inc. (NASDAQ:RCII) opened at $11.78 on Monday. Rent-A-Center Inc. has a 52-week low of $7.76 and a 52-week high of $13.89. 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 (NASDAQ:RCII) last released its quarterly earnings results on Monday, October 30th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $0.11 EPS. The company’s quarterly revenue was down 7.2% on a year-over-year basis. sell-side analysts anticipate that Rent-A-Center Inc. will post -0.19 EPS for the current year.

RCII has been the topic of a number of analyst reports. Zacks Investment Research lowered Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Jefferies Group reiterated a “hold” rating and issued a $12.00 price target on shares of Rent-A-Center in a research report on Thursday, September 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $10.50 price target on shares of Rent-A-Center in a research report on Wednesday, November 1st. Raymond James Financial reiterated a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Finally, BidaskClub lowered Rent-A-Center from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock 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.

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

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