Top 5 Stock Picks of Joe Huber’s Huber Capital Management

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

Huber Capital Management’s Stake Value: $16,437,000

Percentage of Huber Capital Management’s 13F Portfolio: 4.24%

Number of Hedge Fund Holders: 29

Huber Capital Management owns 292,429 shares in Rent-A-Center, Inc. (NASDAQ:RCII), which is a rent-to-own furniture and electronics company from Texas. The $16.4 million stake in Rent-A-Center, Inc. (NASDAQ:RCII) represents 4.24% of Huber’s Q3 portfolio. Glenn Welling’s Engaged Capital is the leading Rent-A-Center, Inc. (NASDAQ:RCII) stakeholder from the 29 hedge funds that were bullish on the company as per Insider Monkey’s database of elite funds at the end of June this year. 

Rent-A-Center, Inc. (NASDAQ:RCII) posted its Q3 results on November 3. EPS in the quarter totaled $1.52, beating estimates by $0.03. The revenue came in at $1.18 billion, up 65.9% from the prior-year quarter, beating estimates by $2.78 billion. 

On November 5, Raymond James analyst Bobby Griffin lowered the price target on Rent-A-Center from $70 to $65 and kept a Strong Buy rating on the shares post the Q3 results.