Institutional Investors Sentiment Indicator of Rent A Center Inc (NASDAQ:RCII) Drops in 2016 Q4

July 18, 2017 - By Richard Conner

 Institutional Investors Sentiment Indicator of Rent A Center Inc (NASDAQ:RCII)  Drops in  2016 Q4

Sentiment for Rent A Center Inc (NASDAQ:RCII)

Rent A Center Inc (NASDAQ:RCII) institutional sentiment decreased to 0.83 in 2016 Q4. Its down -0.20, from 1.03 in 2016Q3. The ratio has worsened, as 73 investment professionals increased and started new stock positions, while 88 cut down and sold their holdings in Rent A Center Inc. The investment professionals in our partner’s database now hold: 53.18 million shares, up from 50.47 million shares in 2016Q3. Also, the number of investment professionals holding Rent A Center Inc in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 26 Reduced: 62 Increased: 54 New Position: 19.

Rent-A-Center, Inc. is a rent-to-own operator in North America. The company has market cap of $662.83 million. The Firm provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers , smartphones and furniture (including accessories), under rental purchase agreements. It currently has negative earnings. The Firm operates in four divisions: Core U.S., Acceptance Now, Mexico, and Franchising.

The stock increased 0.40% or $0.05 during the last trading session, reaching $12.5. About shares traded. Rent-A-Center Inc (NASDAQ:RCII) has declined 10.49% since July 18, 2016 and is downtrending. It has underperformed by 27.19% the S&P500.

Wall Street await Rent-A-Center Inc (NASDAQ:RCII) to release earnings on July, 26. Analysts forecast EPS of $0.11, down exactly $0.30 or 73.17 % from 2014’s $0.41 EPS. The expected RCII’s profit could reach $5.83M giving the stock 28.41 P/E in the case that $0.11 earnings per share is reported. After posting $0.04 EPS for the previous quarter, Rent-A-Center Inc’s analysts now forecast 175.00 % EPS growth.

Engaged Capital Llc holds 8.44% of its portfolio in Rent-A-Center Inc for 2.30 million shares. Elm Ridge Management Llc owns 722,772 shares or 1.74% of their US portfolio. Moreover, First Wilshire Securities Management Inc has 0.83% invested in the company for 258,551 shares. The California-based Lombardia Capital Partners Llc has invested 0.78% in the stock. Private Capital Management Llc, a Florida-based fund reported 265,743 shares.#img1#

Rent-A-Center Inc (NASDAQ:RCII) Ratings Coverage

Ratings analysis reveals 45% of Rent-A-Center Inc’s analysts are positive. Out of 11 Wall Street analysts rating Rent-A-Center Inc, 5 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $8 while the high is $45. The stock’s average target of $29.43 is 135.44% above today’s ($12.5) share price. RCII was included in 16 notes of analysts from July 29, 2015. Jefferies initiated it with “Hold” rating and $10 target in Thursday, October 13 report. KeyBanc Capital Markets downgraded Rent-A-Center Inc (NASDAQ:RCII) on Thursday, October 29 to “Sector Weight” rating. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, March 15. The rating was initiated by Topeka Capital Markets with “Buy” on Tuesday, May 24. Loop Capital downgraded Rent-A-Center Inc (NASDAQ:RCII) on Wednesday, June 7 to “Sell” rating. Jefferies maintained the shares of RCII in report on Tuesday, June 6 with “Hold” rating. Cantor Fitzgerald maintained the shares of RCII in report on Wednesday, October 28 with “Buy” rating. The rating was upgraded by Raymond James to “Strong Buy” on Wednesday, April 12. The stock of Rent-A-Center Inc (NASDAQ:RCII) has “Buy” rating given on Monday, October 19 by Sidoti. The firm has “Hold” rating by BB&T Capital given on Tuesday, January 12.

More notable recent Rent-A-Center Inc (NASDAQ:RCII) news were published by: Nasdaq.com which released: “Rent-A-Center Inc. (RCII) Ex-Dividend Date Scheduled for June 29, 2017” on June 28, 2017, also Reuters.com with their article: “Exclusive: Vintage Capital offers to buy Rent-A-Center for $800 million: letter” published on July 10, 2017, Reuters.com published: “Deals of the day-Total, Rent-A-Center, Halcon, Fosun” on July 11, 2017. More interesting news about Rent-A-Center Inc (NASDAQ:RCII) were released by: Washingtonpost.com and their article: “Rent-a-Center, JC Penney climb; Snap, Pearson fall” published on July 11, 2017 as well as Benzinga.com‘s news article titled: “Fast Money Traders Share Their Picks In Retail Sector” with publication date: July 14, 2017.

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