5 Stocks to Sell Now According to Christopher Hillary’s Roubaix Capital

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

Number of Hedge Fund Holders: 28

Rent-A-Center, Inc. (NASDAQ:RCII) is a Texas-based company operating in the industrial sector. The company is engaged in the leasing of durable goods to customers on a lease-to-own basis. These goods include furniture, appliances, consumer electronics, and computer.

Insider Monkey tracked that Rent-A-Center, Inc. (NASDAQ:RCII) was in the portfolio of 28 hedge funds in the September quarter of 2021, valued at $379 million.

In the second quarter of 2021, Roubaix Capital held 74,517 shares in Rent-A-Center, Inc. (NASDAQ:RCII), valued at $3.96 million, which the hedge fund sold in the third quarter of 2021.

In the third quarter filings, Rent-A-Center, Inc. (NASDAQ:RCII) posted an EPS of $1.52, beating the market estimates by $0.03. Q3 revenue came in at $1.18 billion, beating the market consensus by $2.78 million.

Raymond James, on November 05, 2021, lowered its price target on Rent-A-Center, Inc. (NASDAQ:RCII) to $65 from $70 and kept a “Strong Buy” rating on the shares. Engaged Capital is the leading hedge fund investor in Rent-A-Center, Inc. (NASDAQ:RCII) as of the third quarter of 2021.