Corient Private Wealth LP Takes Position in Upbound Group, Inc. $UPBD

Corient Private Wealth LP acquired a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 82,756 shares of the company’s stock, valued at approximately $1,756,000.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in Upbound Group in the second quarter valued at approximately $194,216,000. Vanguard Group Inc. raised its stake in Upbound Group by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 7,132,443 shares of the company’s stock worth $125,246,000 after purchasing an additional 231,293 shares during the period. State Street Corp boosted its holdings in shares of Upbound Group by 11.4% in the 4th quarter. State Street Corp now owns 2,410,524 shares of the company’s stock valued at $43,220,000 after purchasing an additional 246,146 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Upbound Group by 15.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company’s stock valued at $43,227,000 after purchasing an additional 327,203 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Upbound Group during the 2nd quarter valued at $37,565,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPBD has been the subject of a number of research analyst reports. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research cut Upbound Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Weiss Ratings raised Upbound Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. BTIG Research lowered Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a research note on Friday, July 31st. Finally, TD Cowen cut their price objective on Upbound Group from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Upbound Group presently has an average rating of “Hold” and an average target price of $30.67.

Upbound Group Price Performance

UPBD opened at $18.67 on Friday. The company has a quick ratio of 0.97, a current ratio of 3.22 and a debt-to-equity ratio of 1.94. Upbound Group, Inc. has a 52-week low of $15.82 and a 52-week high of $28.02. The company has a 50 day moving average of $20.14 and a two-hundred day moving average of $19.33. The company has a market cap of $1.09 billion, a P/E ratio of 12.12 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. On average, analysts expect that Upbound Group, Inc. will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other Upbound Group news, EVP Anthony J. Blasquez sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $18.85, for a total value of $188,500.00. Following the transaction, the executive vice president directly owned 43,717 shares of the company’s stock, valued at $824,065.45. This trade represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey J. Brown acquired 2,295 shares of Upbound Group stock in a transaction on Tuesday, July 7th. The shares were bought at an average price of $20.09 per share, for a total transaction of $46,106.55. Following the purchase, the director owned 96,681 shares of the company’s stock, valued at $1,942,321.29. This represents a 2.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by corporate insiders.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.