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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Rent-A-Center Inc    RCII

RENT-A-CENTER INC (RCII)
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Rent A Center : eQuine Holdings, a Class II Multi-Family Office, Reports Record Revenue for Q2 and the First Half of 2018 Ending June 30

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07/10/2018 | 12:31am CEST

The company reported an average return of 107.01% (428.04% annualized) for Q2 2018; and 70.35% (YTD) for the first half of 2018 (140.70% annualized).

“We are firing on all cylinders, and frankly, we crushed our own internal forecast for the quarter and are well on track to meet or exceed our forecast for 2018. "
-- Brent Atwood
IRVING, TEXAS, UNITED STATES, July 9, 2018 /EINPresswire.com/ -- eQuine Holdings, a Class II Multi-Family Office, Reports Record Revenue Growth for Q2 and the First Six Month Ending June 30, 2018

eQuine Holdings, LLC is pleased to report its 2018 Q2 results and 2018 YTD (un-audited) results.
Nine of the twelve SFOs within the eQuine MFO exceeded 100% returns for Q2 of 2018, largely due to Rent-A-Center (RCII) and Amplify Brands (BETR) both being acquired. The addition of two Legacy Single-Family Offices in Q2 were not included in the overall performance results, as they joined the eQuine MFO in the latter part of Q2.
The company reported an average return of 107.01% (428.04% annualized) for the second Quarter of 2018; and 70.35% (YTD) for the first six months of 2018 (140.70% annualized).

The company maintained an approximate 20% cash position throughout the 2nd Quarter of 2018 with approximately $186 Million in risk on (long) trades during the same period. The company also reported a revenue growth rate of 1,550% TTM and AUA growth rate of 535% TTM while adding two additional Single-Family Offices (SFO) to eQuine’s Multi-Family Office (MFO) bringing the total to 14 SFOs currently.

eQuine's top trades for the first half of 2018 included: Forterra (FRTA), Amplify Brands (BETR), Rent-A-Center (RCII) Cenovus (CVE), and Pandora (P).

eQuine had no bottom trades for Q2.

eQuine also had a rare top and bottom trade occur with: DropBox (DBX) and GoGo (GoGo) which left the trades virtually neutral.

Managing Director & CEO, Brent Atwood, stated, “We are firing on all cylinders, and frankly, we crushed our own internal forecast for the quarter and are well on track to meet or exceed our forecast for 2018. Two of our major holdings being acquired shows that our algorithms continue to find great opportunities for our Single-Family Offices”.

2018 First Half Highlights:

The change of Corporate Counsel from Gruber Hail Johansen and Shank to Dorsey Law Firm.

The addition of two new Single-Family Office to the eQuine MFO bringing the total to fourteen (14).

eQuine Holdings has been designated as a “Large Trader” under SEC rule 13(h) of the Securities and Exchange Act of 1934 and is complying with the SEC filing request for LTID status in the current quarter. The company expects to file as inactive at the end of Q3 2018, as we expect to better manage the trading volumes related to rule 13(h).

eQuine deploys a strategy that algorithmically detects anomalies created by illegal abusive naked short selling and illegal use of deep in the money calls used to reset RegSHO buy-in requirements, and position trades directly against the illegal activities of abusive naked short sellers.

info@equineholdings.com

Media Relations
eQuine Holdings, LLC
817-541-7310
email us here

Copyright 1995-2018 IPD Group, Inc. All Right Reserved. , source Press Releases

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Financials ($)
Sales 2018 2 632 M
EBIT 2018 90,0 M
Net income 2018 21,0 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 35,30
P/E ratio 2019 12,32
Capi. / Sales 2018 0,29x
Capi. / Sales 2019 0,28x
Capitalization 767 M
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Mean consensus HOLD
Number of Analysts 8
Average target price 13,5 $
Spread / Average Target -5,8%
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Managers
NameTitle
Mitchell E. Fadel Chief Executive Officer & Director
J. V. Lentell Chairman
Maureen B. Short CFO, SVP-Finance, Investor Relations & Treasury
Christi M. Liebe Chief Technology Officer & Vice President
Angela J. Yochem Chief Information Officer
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