Upbound Group, Inc. (NASDAQ:UPBD) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lowered its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 96.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,644 shares of the company's stock after selling 111,314 shares during the period. Steward Partners Investment Advisory LLC's holdings in Upbound Group were worth $135,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp grew its position in Upbound Group by 2.2% in the third quarter. State Street Corp now owns 2,028,224 shares of the company's stock valued at $64,883,000 after acquiring an additional 43,814 shares in the last quarter. Geode Capital Management LLC grew its holdings in Upbound Group by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company's stock valued at $38,968,000 after purchasing an additional 54,427 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Upbound Group by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,047 shares of the company's stock valued at $29,240,000 after purchasing an additional 33,167 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Upbound Group by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 797,478 shares of the company's stock worth $23,262,000 after buying an additional 54,771 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Upbound Group by 2,864.5% in the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company's stock worth $12,974,000 after buying an additional 391,888 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company's stock.

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Upbound Group Stock Down 1.1 %

Shares of UPBD stock traded down $0.27 during trading hours on Thursday, hitting $24.64. 218,174 shares of the company were exchanged, compared to its average volume of 461,774. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.15 and a beta of 2.01. Upbound Group, Inc. has a one year low of $23.35 and a one year high of $38.72. The business's 50-day simple moving average is $27.89 and its two-hundred day simple moving average is $29.90. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Sell-side analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPBD. TD Cowen raised Upbound Group to a "strong-buy" rating in a research report on Friday, November 29th. Loop Capital dropped their price objective on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Insider Buying and Selling

In related news, Director Jeffrey J. Brown acquired 1,146 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average cost of $29.01 per share, for a total transaction of $33,245.46. Following the purchase, the director now directly owns 86,380 shares in the company, valued at $2,505,883.80. This represents a 1.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Fahmi Karam purchased 11,500 shares of Upbound Group stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $25.82 per share, with a total value of $296,930.00. Following the acquisition, the chief financial officer now owns 164,672 shares of the company's stock, valued at approximately $4,251,831.04. This trade represents a 7.51 % increase in their position. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by company insiders.

About Upbound Group

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.