Upbound Group, Inc. (NASDAQ:UPBD) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. raised its position in Upbound Group, Inc. (NASDAQ:UPBD) by 2.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,632 shares of the company’s stock after buying an additional 3,601 shares during the period. Edgestream Partners L.P. owned about 0.26% of Upbound Group worth $4,317,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UPBD. Headlands Technologies LLC acquired a new position in Upbound Group in the 1st quarter worth about $29,000. Blue Trust Inc. lifted its position in shares of Upbound Group by 47.9% during the 2nd quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock valued at $34,000 after buying an additional 362 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Upbound Group in the 2nd quarter valued at $42,000. Allspring Global Investments Holdings LLC increased its holdings in Upbound Group by 232.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock worth $58,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Upbound Group during the second quarter worth $89,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insider Activity

In other news, Director Jeffrey J. Brown bought 1,031 shares of Upbound Group stock in a transaction on Tuesday, July 9th. The shares were bought at an average cost of $29.82 per share, with a total value of $30,744.42. Following the completion of the purchase, the director now directly owns 84,169 shares of the company’s stock, valued at $2,509,919.58. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Upbound Group news, EVP Ralph T. Montrone sold 15,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.48, for a total transaction of $487,200.00. Following the completion of the sale, the executive vice president now owns 40,074 shares of the company’s stock, valued at $1,301,603.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey J. Brown purchased 1,031 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was acquired at an average cost of $29.82 per share, for a total transaction of $30,744.42. Following the purchase, the director now owns 84,169 shares in the company, valued at $2,509,919.58. The disclosure for this purchase can be found here. Corporate insiders own 2.70% of the company’s stock.

Upbound Group Trading Up 0.8 %

UPBD opened at $30.75 on Wednesday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -66.85 and a beta of 2.00. The company’s 50 day simple moving average is $32.61 and its two-hundred day simple moving average is $32.33. Upbound Group, Inc. has a 1-year low of $25.00 and a 1-year high of $38.72. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.96 and a quick ratio of 0.84.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. Analysts expect that Upbound Group, Inc. will post 3.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UPBD. Jefferies Financial Group cut their target price on shares of Upbound Group from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. BTIG Research initiated coverage on Upbound Group in a research note on Friday, June 7th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Loop Capital restated a “hold” rating and issued a $36.00 target price on shares of Upbound Group in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Upbound Group presently has an average rating of “Moderate Buy” and an average price target of $39.40.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.