Advisors Asset Management Inc. Has $94,000 Stake in Upbound Group, Inc. $UPBD

Advisors Asset Management Inc. increased its position in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 179.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,912 shares of the company’s stock after buying an additional 2,512 shares during the period. Advisors Asset Management Inc.’s holdings in Upbound Group were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of UPBD. Deutsche Bank AG increased its holdings in shares of Upbound Group by 40.4% in the fourth quarter. Deutsche Bank AG now owns 47,670 shares of the company’s stock valued at $1,391,000 after purchasing an additional 13,713 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Upbound Group by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,515 shares of the company’s stock valued at $890,000 after purchasing an additional 1,122 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Upbound Group in the fourth quarter valued at $336,000. Tidal Investments LLC acquired a new position in shares of Upbound Group in the fourth quarter valued at $522,000. Finally, Twinbeech Capital LP acquired a new position in shares of Upbound Group in the fourth quarter valued at $1,341,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ralph T. Montrone sold 6,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $25.23, for a total transaction of $151,380.00. Following the completion of the sale, the executive vice president owned 49,123 shares of the company’s stock, valued at $1,239,373.29. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey J. Brown acquired 1,653 shares of the business’s stock in a transaction that occurred on Tuesday, July 8th. The shares were purchased at an average cost of $25.90 per share, with a total value of $42,812.70. Following the transaction, the director directly owned 89,400 shares of the company’s stock, valued at $2,315,460. This trade represents a 1.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Upbound Group Trading Down 2.0%

UPBD stock opened at $25.02 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11. The company’s 50-day simple moving average is $24.40 and its 200 day simple moving average is $24.02. Upbound Group, Inc. has a 52 week low of $19.65 and a 52 week high of $36.00. The company has a market capitalization of $1.45 billion, a PE ratio of 14.06 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. Upbound Group’s revenue was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, sell-side analysts anticipate that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Upbound Group from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.50.

Upbound Group 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.