Nationwide Fund Advisors lifted its holdings in Rent-A-Center Inc. (NASDAQ:RCII) by 25.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,783 shares of the company’s stock after buying an additional 39,612 shares during the period. Nationwide Fund Advisors owned approximately 0.37% of Rent-A-Center worth $2,271,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in RCII. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Rent-A-Center in the 2nd quarter worth approximately $120,000. Cubist Systematic Strategies LLC purchased a new position in shares of Rent-A-Center in the 2nd quarter worth approximately $132,000. Piedmont Investment Advisors LLC purchased a new position in shares of Rent-A-Center in the 2nd quarter worth approximately $136,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Rent-A-Center by 3.6% in 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 during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Rent-A-Center in the 3rd quarter worth approximately $184,000.
Rent-A-Center Inc. (RCII) opened at $11.01 on Friday. Rent-A-Center Inc. has a 12 month low of $7.76 and a 12 month high of $13.89. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69.
RCII has been the topic of a number of research analyst reports. Jefferies Group restated a “hold” rating and issued a $12.00 target price on shares of Rent-A-Center in a research note on Thursday, September 7th. Zacks Investment Research upgraded Rent-A-Center from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, October 2nd. Raymond James Financial restated a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and issued a $10.50 target price on shares of Rent-A-Center in a research note on Wednesday, November 1st. Finally, Loop Capital set a $8.00 target price on Rent-A-Center and gave the stock a “sell” rating in a research note on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.21.
COPYRIGHT VIOLATION NOTICE: “Rent-A-Center Inc. (RCII) Shares Bought by Nationwide Fund Advisors” was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.com-unik.info/2017/12/22/rent-a-center-inc-rcii-shares-bought-by-nationwide-fund-advisors.html.
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.
What are top analysts saying about Rent-A-Center? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rent-A-Center and related companies.