Kennedy Capital Management Inc. acquired a new position in Rent-A-Center Inc (NASDAQ:RCII) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 249,958 shares of the company’s stock, valued at approximately $2,775,000. Kennedy Capital Management Inc. owned 0.47% of Rent-A-Center at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of RCII. Raymond James Financial Services Advisors Inc. purchased a new stake in Rent-A-Center in the 2nd quarter worth about $120,000. Crossmark Global Holdings Inc. purchased a new stake in Rent-A-Center in the 3rd quarter worth about $132,000. Teacher Retirement System of Texas purchased a new stake in Rent-A-Center in the 4th quarter worth about $202,000. Municipal Employees Retirement System of Michigan raised its position in Rent-A-Center by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 19,960 shares of the company’s stock worth $229,000 after purchasing an additional 7,410 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in Rent-A-Center by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,038 shares of the company’s stock worth $282,000 after purchasing an additional 263 shares during the period.
Rent-A-Center Inc (NASDAQ:RCII) opened at $8.95 on Wednesday. Rent-A-Center Inc has a 1 year low of $7.22 and a 1 year high of $13.89. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 2.77.
A number of equities analysts have recently commented on RCII shares. BidaskClub raised shares of Rent-A-Center from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Stephens reaffirmed an “equal weight” rating and set a $5.00 target price (down from $8.00) on shares of Rent-A-Center in a research report on Thursday, February 22nd. ValuEngine lowered shares of Rent-A-Center from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $9.00 target price on shares of Rent-A-Center in a research report on Friday, February 23rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.86.
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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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