91,393 Shares in Upbound Group, Inc. $UPBD Purchased by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 91,393 shares of the company's stock, valued at approximately $1,939,000. Corient Private Wealth LP owned 0.16% of Upbound Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of Upbound Group by 249.0% during the 1st quarter. Sei Investments Co. now owns 244,848 shares of the company's stock worth $4,419,000 after purchasing an additional 174,682 shares during the period. Renaissance Technologies LLC purchased a new stake in Upbound Group in the 1st quarter valued at about $1,153,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Upbound Group in the second quarter valued at about $3,868,000. Landscape Capital Management L.L.C. acquired a new position in Upbound Group in the second quarter valued at about $3,047,000. Finally, Kendall Capital Management purchased a new position in Upbound Group during the second quarter worth about $1,234,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UPBD shares. Weiss Ratings lowered shares of Upbound Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. Wall Street Zen lowered Upbound Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. TD Cowen lowered their target price on Upbound Group from $29.00 to $28.00 and set a "buy" rating for the company in a report on Friday, July 31st. BTIG Research downgraded Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 target price for the company. in a research report on Friday, July 31st. Finally, Zacks Research lowered shares of Upbound Group from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $28.00.

Insider Activity at Upbound Group

In other news, Director Jeffrey J. Brown acquired 2,295 shares of the company's stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of $20.09 per share, with a total value of $46,106.55. Following the transaction, the director owned 96,681 shares in the company, valued at approximately $1,942,321.29. This trade represents a 2.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony J. Blasquez sold 10,000 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.85, for a total transaction of $188,500.00. Following the completion of the sale, the executive vice president owned 43,717 shares in the company, valued at $824,065.45. The trade was a 18.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by company insiders.

Upbound Group Trading Down 4.7%

UPBD opened at $15.99 on Thursday. Upbound Group, Inc. has a 12 month low of $15.82 and a 12 month high of $25.41. The stock has a market capitalization of $932.22 million, a price-to-earnings ratio of 10.38 and a beta of 1.77. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.22 and a quick ratio of 0.97. The business has a fifty day moving average price of $19.33 and a 200 day moving average price of $18.99.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.02. Upbound Group had a return on equity of 34.53% and a net margin of 1.90%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $1.12 EPS. Upbound Group's revenue for the quarter 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. Sell-side analysts expect that Upbound Group, Inc. will post 4.15 earnings per share for the current fiscal year.

Upbound Group Profile

Upbound Group, Inc is a consumer leasing and retail services company headquartered in Plano, Texas. The company operates through two primary brands: Rent-A-Center, a lease-to-own provider, and Acima, a technology-enabled point-of-sale leasing platform. Its services are designed to give consumers access to household and consumer products through flexible leasing arrangements, including options that may not require traditional credit.

Rent-A-Center offers furniture, appliances, electronics, computers, smartphones and other durable goods through company-operated and franchised stores, as well as digital channels.

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