BTIG Restated Hold Rating For Genworth Financial (GNW); Rent-a-center (RCII) SI Decreased By 4.69%

June 16, 2018 - By Vivian Park

Rent-A-Center, Inc. (NASDAQ:RCII) Logo

Rent-a-center Inc (NASDAQ:RCII) had a decrease of 4.69% in short interest. RCII’s SI was 27.79 million shares in June as released by FINRA. Its down 4.69% from 29.16 million shares previously. With 1.37M avg volume, 20 days are for Rent-a-center Inc (NASDAQ:RCII)’s short sellers to cover RCII’s short positions. The SI to Rent-a-center Inc’s float is 76.35%. The stock decreased 2.75% or $0.34 during the last trading session, reaching $12.03. About 4.32 million shares traded or 125.57% up from the average. Rent-A-Center, Inc. (NASDAQ:RCII) has declined 8.89% since June 16, 2017 and is downtrending. It has underperformed by 21.46% the S&P500. Some Historical RCII News: ; 30/04/2018 – RENT-A-CENTER 1Q ADJ LOSS/SHR 8C, EST. EPS 9C; 25/05/2018 – Engaged Capital: In Light of Rent-A-Center Review of Alternatives, Engaged Waived Right to Nominate Carol McFate to Board; 20/04/2018 – DJ Rent-A-Center Inc, Inst Holders, 1Q 2018 (RCII); 03/04/2018 – RENT-A-CENTER IS SAID TO HAVE RECEIVED BIDS: THE STREET; 30/04/2018 – Rent-A-Center 1Q Loss/Shr 37c; 07/03/2018 – RENT-A-CENTER INC – REVIEW OF STRATEGIC AND FINANCIAL ALTERNATIVES REMAINS ONGOING; EVALUATING PROPOSALS; 07/03/2018 – Rent-A-Center to Reduce Headcount by About 250 Positions; 03/04/2018 – RENT-A-CENTER SAYS ENTERED INTO EMPLOYMENT AGREEMENT WITH CEO MITCHELL FADEL – SEC FILING; 25/05/2018 – ENGAGED CAPITAL – ENGAGED GROUP ELECTED TO WAIVE RIGHT TO PUT FORTH MCFATE AS POTENTIAL DIRECTOR NOMINEE FOR ELECTION AT 2018 ANNUAL MEETING; 25/05/2018 – ENGAGED CAPITAL – RENT A CENTER, ENGAGED GROUP DETERMINED IN BEST INTERESTS TO DEFER CAROL MCFATE’S CANDIDACY AS DIRECTOR DURING 2018 ELECTION CYCLE

Genworth Financial (NYSE:GNW) stock Hold was kept by BTIG in analysts note revealed to clients and investors on Monday morning.

Investors sentiment increased to 1.01 in Q1 2018. Its up 0.17, from 0.84 in 2017Q4. It is positive, as 24 investors sold Rent-A-Center, Inc. shares while 54 reduced holdings. 24 funds opened positions while 55 raised stakes. 61.13 million shares or 4.79% less from 64.20 million shares in 2017Q4 were reported. Aperio Group Limited Liability Company owns 28,306 shares. Bridgeway Cap Mgmt accumulated 151,500 shares. Dimensional Fund Advsrs Ltd Partnership holds 0% or 927,266 shares. Sg Americas Secs reported 32,983 shares. Greenwich Wealth Management Ltd Limited Liability Company stated it has 0.11% of its portfolio in Rent-A-Center, Inc. (NASDAQ:RCII). Axa holds 0% of its portfolio in Rent-A-Center, Inc. (NASDAQ:RCII) for 96,500 shares. Great West Life Assurance Can holds 0% of its portfolio in Rent-A-Center, Inc. (NASDAQ:RCII) for 67,551 shares. Archer Capital Mgmt Limited Partnership, a New York-based fund reported 1.32 million shares. Kennedy Cap Management invested in 0.19% or 1.12 million shares. Gargoyle Invest Advisor Lc has 26,923 shares for 0.1% of their portfolio. Barclays Public Ltd Com has invested 0% in Rent-A-Center, Inc. (NASDAQ:RCII). Legal & General Group Public Ltd Co stated it has 0% in Rent-A-Center, Inc. (NASDAQ:RCII). Wellington Mgmt Gp Ltd Liability Partnership has invested 0% in Rent-A-Center, Inc. (NASDAQ:RCII). Credit Suisse Ag invested 0% in Rent-A-Center, Inc. (NASDAQ:RCII). Alliancebernstein L P owns 42,993 shares or 0% of their US portfolio.

More important recent Rent-A-Center, Inc. (NASDAQ:RCII) news were published by: Benzinga.com which released: “Rent-A-Center Isn’t Selling, But Softens Blow With Bullish Guidance” on June 11, 2018, also Seekingalpha.com published article titled: “Rent-A-Center: Buy The Reversal Higher”, Bizjournals.com published: “After saying it won’t sell, Rent-A-Center considers sweetened buyout bid” on June 13, 2018. More interesting news about Rent-A-Center, Inc. (NASDAQ:RCII) was released by: Streetinsider.com and their article: “Pre-Open Movers 06/11: (GNW) (RCII) (FDC) Higher; (VICL) (PCG) (AAOI) Lower (more…)” with publication date: June 11, 2018.

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to clients on a rent-to-own basis. The company has market cap of $642.58 million. The firm operates through four divisions: Core U.S., Acceptance Now, Mexico, and Franchising. It has a 100.25 P/E ratio. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements.

Among 13 analysts covering Rent-A-Center Inc (NASDAQ:RCII), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. Rent-A-Center Inc had 36 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Thursday, February 22. The firm has “Market Perform” rating given on Wednesday, October 25 by Raymond James. Stifel Nicolaus maintained it with “Hold” rating and $10.5 target in Tuesday, October 31 report. The company was maintained on Thursday, September 21 by KeyBanc Capital Markets. Loop Capital downgraded Rent-A-Center, Inc. (NASDAQ:RCII) rating on Wednesday, June 7. Loop Capital has “Sell” rating and $8 target. The rating was maintained by Jefferies on Tuesday, June 6 with “Hold”. The stock of Rent-A-Center, Inc. (NASDAQ:RCII) has “Equal-Weight” rating given on Thursday, February 22 by Stephens. The firm has “Sell” rating by Loop Capital Markets given on Wednesday, February 21. The rating was initiated by Topeka Capital Markets with “Buy” on Tuesday, May 24. The stock has “Hold” rating by Stifel Nicolaus on Friday, October 20.

More news for Genworth Financial, Inc. (NYSE:GNW) were recently published by: Seekingalpha.com, which released: “Genworth Set To Fly On CFIUS Approval” on June 11, 2018. Streetinsider.com‘s article titled: “Pre-Open Movers 06/11: (GNW) (RCII) (FDC) Higher; (VICL) (PCG) (AAOI) Lower (more…)” and published on June 11, 2018 is yet another important article.

Analysts await Genworth Financial, Inc. (NYSE:GNW) to report earnings on August, 7. They expect $0.25 earnings per share, down 16.67% or $0.05 from last year’s $0.3 per share. GNW’s profit will be $125.16M for 4.65 P/E if the $0.25 EPS becomes a reality. After $0.25 actual earnings per share reported by Genworth Financial, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 0.96 in Q1 2018. Its up 0.01, from 0.95 in 2017Q4. It improved, as 25 investors sold Genworth Financial, Inc. shares while 79 reduced holdings. 38 funds opened positions while 62 raised stakes. 310.88 million shares or 1.29% more from 306.90 million shares in 2017Q4 were reported. Citigroup has invested 0% in Genworth Financial, Inc. (NYSE:GNW). Northern Trust Corporation invested in 0.01% or 7.76M shares. Mark Sheptoff Financial Planning Ltd Liability Co has invested 0.03% in Genworth Financial, Inc. (NYSE:GNW). Atlantic Gru Llc invested in 0% or 20,000 shares. Taconic Cap Lp invested 1.39% in Genworth Financial, Inc. (NYSE:GNW). Natixis holds 0% or 32,722 shares in its portfolio. Systematic Financial Limited Partnership has invested 0.03% in Genworth Financial, Inc. (NYSE:GNW). Lsv Asset Mngmt stated it has 2.98M shares. 1832 Asset Management Ltd Partnership holds 2,000 shares. 19,362 are owned by Virtu Fin Ltd. Credit Suisse Ag stated it has 0.01% of its portfolio in Genworth Financial, Inc. (NYSE:GNW). Moreover, Tarbox Family Office Inc has 0% invested in Genworth Financial, Inc. (NYSE:GNW) for 306 shares. Moreover, California Pub Employees Retirement System has 0.01% invested in Genworth Financial, Inc. (NYSE:GNW) for 3.36M shares. Principal Fincl Gp has 2.17 million shares. Savant Cap Limited Liability Com has 0.01% invested in Genworth Financial, Inc. (NYSE:GNW).

Genworth Financial, Inc. provides insurance and homeownership solutions in the United States and internationally. The company has market cap of $2.33 billion. It operates through five divisions: U.S. It currently has negative earnings. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S.

Genworth Financial, Inc. (NYSE:GNW) Institutional Positions Chart

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