Rent-A-Center Inc (NASDAQ:RCII) was the recipient of unusually large options trading on Thursday. Stock traders purchased 26,487 call options on the stock. This represents an increase of approximately 1,583% compared to the typical volume of 1,574 call options.

Rent-A-Center (NASDAQ:RCII) traded down $0.59 during midday trading on Monday, hitting $11.10. The stock had a trading volume of 1,509,616 shares, compared to its average volume of 1,562,175. The firm has a market cap of $623.22, a price-to-earnings ratio of -3.44 and a beta of 0.69. Rent-A-Center has a fifty-two week low of $7.93 and a fifty-two week 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.

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RCII has been the subject of a number of research analyst reports. ValuEngine cut Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. BidaskClub upgraded Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Stifel Nicolaus reiterated a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research report on Wednesday, November 1st. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded Rent-A-Center from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Rent-A-Center has an average rating of “Hold” and a consensus price target of $11.21.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its position in Rent-A-Center by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,550 shares of the company’s stock worth $147,000 after acquiring an additional 440 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Rent-A-Center by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,551,830 shares of the company’s stock worth $18,188,000 after acquiring an additional 45,451 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Rent-A-Center by 19.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 29,500 shares of the company’s stock worth $346,000 after acquiring an additional 4,748 shares in the last quarter. Royce & Associates LP lifted its position in Rent-A-Center by 1.3% during the 2nd quarter. Royce & Associates LP now owns 377,518 shares of the company’s stock worth $4,425,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Swiss National Bank lifted its position in Rent-A-Center by 8.7% during the 2nd quarter. Swiss National Bank now owns 91,500 shares of the company’s stock worth $1,072,000 after acquiring an additional 7,300 shares in the last quarter.

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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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