American Century Companies Inc. Raises Holdings in Upbound Group, Inc. $UPBD

American Century Companies Inc. boosted its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 174.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,790 shares of the company's stock after purchasing an additional 57,045 shares during the quarter. American Century Companies Inc. owned about 0.16% of Upbound Group worth $2,151,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its stake in Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock worth $31,000 after acquiring an additional 491 shares during the last quarter. CWM LLC increased its stake in Upbound Group by 35.5% in the 1st quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after acquiring an additional 493 shares during the last quarter. Palouse Capital Management Inc. increased its stake in Upbound Group by 64.3% in the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock worth $159,000 after acquiring an additional 2,592 shares during the last quarter. MQS Management LLC bought a new stake in Upbound Group in the 1st quarter worth approximately $202,000. Finally, Blueshift Asset Management LLC bought a new stake in Upbound Group in the 1st quarter worth approximately $204,000. Institutional investors own 90.30% of the company's stock.

Insider Transactions at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,653 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was bought at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the acquisition, the director directly owned 89,400 shares in the company, valued at $2,315,460. The trade was a 1.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Upbound Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.50.

Upbound Group Trading Up 0.4%

UPBD traded up $0.11 during trading hours on Friday, reaching $25.40. 665,750 shares of the company's stock traded hands, compared to its average volume of 587,236. The firm has a 50-day moving average price of $24.49 and a 200 day moving average price of $24.09. Upbound Group, Inc. has a 52-week low of $19.65 and a 52-week high of $36.00. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $1.47 billion, a PE ratio of 14.27 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the business earned $1.04 EPS. 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 predict that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

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.