Victory Capital Management Inc. Boosts Position in Upbound Group, Inc. (NASDAQ:UPBD)

Victory Capital Management Inc. grew its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 171.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,618 shares of the company's stock after acquiring an additional 169,197 shares during the quarter. Victory Capital Management Inc. owned about 0.49% of Upbound Group worth $7,806,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of UPBD. Amalgamated Bank boosted its position in shares of Upbound Group by 3.5% during the 3rd quarter. Amalgamated Bank now owns 14,491 shares of the company's stock valued at $464,000 after acquiring an additional 496 shares during the last quarter. Covestor Ltd boosted its position in shares of Upbound Group by 268.8% during the 3rd quarter. Covestor Ltd now owns 1,136 shares of the company's stock valued at $37,000 after acquiring an additional 828 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of Upbound Group during the 3rd quarter valued at about $329,000. Thrivent Financial for Lutherans boosted its position in shares of Upbound Group by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 94,129 shares of the company's stock valued at $3,011,000 after acquiring an additional 1,032 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Upbound Group by 1.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 102,811 shares of the company's stock valued at $3,289,000 after acquiring an additional 1,711 shares during the last quarter. Institutional investors own 90.30% of the company's stock.

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Upbound Group Price Performance

NASDAQ:UPBD traded down $0.25 during mid-day trading on Tuesday, reaching $24.18. The stock had a trading volume of 380,515 shares, compared to its average volume of 461,582. The firm has a 50 day moving average price of $28.10 and a two-hundred day moving average price of $30.00. The stock has a market capitalization of $1.39 billion, a P/E ratio of 10.94 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 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 announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Insider Buying and Selling at Upbound Group

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

Wall Street Analyst Weigh In

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

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.