First Wilshire Securities Management Inc. Decreases Holdings in Rent-A-Center (NASDAQ:RCII)

First Wilshire Securities Management Inc. lowered its position in Rent-A-Center (NASDAQ:RCII) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 234,136 shares of the company’s stock after selling 5,775 shares during the period. First Wilshire Securities Management Inc. owned approximately 0.44% of Rent-A-Center worth $2,599,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Rent-A-Center in the 2nd quarter worth approximately $120,000. Crossmark Global Holdings Inc. purchased a new position in shares of Rent-A-Center in the 3rd quarter worth approximately $132,000. Franklin Resources Inc. purchased a new position in shares of Rent-A-Center in the 4th quarter worth approximately $172,000. Teacher Retirement System of Texas purchased a new position in shares of Rent-A-Center in the 4th quarter worth approximately $202,000. Finally, Ellington Management Group LLC purchased a new position in shares of Rent-A-Center in the 4th quarter worth approximately $208,000.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ RCII opened at $9.52 on Friday. The company has a quick ratio of 0.53, a current ratio of 2.77 and a debt-to-equity ratio of 2.47. Rent-A-Center has a 12 month low of $7.22 and a 12 month high of $13.89. The company has a market cap of $509.57, a price-to-earnings ratio of -17.63 and a beta of 0.74.

Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.34). Rent-A-Center had a net margin of 0.25% and a negative return on equity of 11.30%. The business had revenue of $638.95 million for the quarter, compared to analyst estimates of $654.55 million. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. equities research analysts forecast that Rent-A-Center will post 0.16 earnings per share for the current year.

A number of analysts recently commented on the stock. BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Rent-A-Center from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Jefferies Group reiterated a “hold” rating and issued a $9.00 target price on shares of Rent-A-Center in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Stifel Nicolaus lowered their target price on shares of Rent-A-Center from $10.50 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, February 27th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.50.

WARNING: This article was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/07/rent-a-center-inc-rcii-shares-sold-by-first-wilshire-securities-management-inc.html.

Rent-A-Center Company 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; and furniture, including accessories under rental purchase agreements.

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

Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply