Key Colony Management adds Rent-A-Center Inc (RCII) to its portfolio

Rent-A-Center Inc (RCII) : Key Colony Management added new position in Rent-A-Center Inc during the most recent quarter end. The investment management firm now holds 34,528 shares of Rent-A-Center Inc which is valued at $432,981 , the company said in a statement filed on Aug 12, 2016 with the SEC.Rent-A-Center Inc makes up approximately 0.48% of Key Colony Management’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De added RCII to its portfolio by purchasing 234,503 company shares during the most recent quarter which is valued at $2,940,668. Rent-A-Center Inc makes up approx 0.18% of Bogle Investment Management L P De’s portfolio.California Public Employees Retirement System boosted its stake in RCII in the latest quarter, The investment management firm added 46,200 additional shares and now holds a total of 404,171 shares of Rent-A-Center Inc which is valued at $4,668,175. Rent-A-Center Inc makes up approx 0.01% of California Public Employees Retirement System’s portfolio. Spot Trading L.l.c sold out all of its stake in RCII during the most recent quarter. The investment firm sold 3,908 shares of RCII which is valued $45,137.

Rent-A-Center Inc opened for trading at $12.35 and hit $12.655 on the upside on Monday, eventually ending the session at $12.63, with a gain of 2.85% or 0.35 points. The heightened volatility saw the trading volume jump to 5,67,427 shares. Company has a market cap of $671 M.

On the company’s financial health, Rent-A-Center Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.49. The company had revenue of $749.60 million for the quarter, compared to analysts expectations of $781.98 million. The company’s revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Rent-A-Center Inc. Topeka Capital Markets Initiated Rent-A-Center Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $27.

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 and smartphones) furniture and accessories under rental purchase agreements. The Company operates in four segments: Core U.S. Acceptance Now Mexico and Franchising. The Company offers brands such as LG Samsung Sony Toshiba and Vizio home electronics; Whirlpool appliances; Acer Apple Asus Dell Hewlett-Packard Samsung Sony and Toshiba computers and/or tablets; Samsung and HTC smartphones; and Albany Ashley England Klaussner Lane Standard and Welton furniture. Consumer electronic products offered by its stores include high definition televisions and stereos among others; appliances include refrigerators freezers washing machines dryers and ranges; furniture products include dining room living room and bedroom furniture and accessories include lamps and tables.

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