Archer Capital Management L.P. lessened its stake in Rent-A-Center Inc (NASDAQ:RCII) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,658,778 shares of the company’s stock after selling 17,050 shares during the period. Rent-A-Center accounts for about 7.1% of Archer Capital Management L.P.’s portfolio, making the stock its 5th largest position. Archer Capital Management L.P. owned 3.11% of Rent-A-Center worth $18,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. purchased a new position in Rent-A-Center in the 2nd quarter worth about $120,000. Crossmark Global Holdings Inc. purchased a new position in Rent-A-Center in the 3rd quarter worth about $132,000. Franklin Resources Inc. purchased a new position in Rent-A-Center in the 4th quarter worth about $172,000. Teacher Retirement System of Texas purchased a new position in Rent-A-Center in the 4th quarter worth about $202,000. Finally, Ellington Management Group LLC purchased a new position in Rent-A-Center in the 4th quarter worth about $208,000.
Rent-A-Center Inc (NASDAQ RCII) opened at $8.95 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. The company has a market cap of $477.14, a PE ratio of -6.99 and a beta of 0.90. Rent-A-Center Inc has a 12-month low of $7.22 and a 12-month high of $13.89.
Several research analysts recently commented on RCII shares. Loop Capital set a $8.00 price target on shares of Rent-A-Center and gave the stock a “sell” rating in a research note on Wednesday, January 17th. Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine downgraded shares of Rent-A-Center from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. BidaskClub downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Finally, Stifel Nicolaus reduced their price target on shares of Rent-A-Center from $10.50 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday, February 27th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $9.86.
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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