Corient Private Wealth LP Invests $1.76 Million in Upbound Group, Inc. $UPBD

Key Points

• Corient Private Wealth LP initiated a position in Upbound Group worth approximately $1.76 million, acquiring 82,756 shares. Institutional investors collectively own about 90.3% of the company.
• Analyst sentiment is mixed: BTIG Research and Zacks downgraded the stock, while TD Cowen maintained a “Buy” rating. Upbound has an overall “Hold” consensus rating and an average price target of $30.67.
• Upbound reported quarterly earnings of $1.07 per share, slightly above expectations, on $1.16 billion in revenue. Shares recently opened at $18.67, near the lower end of their 12-month range.

Corient Private Wealth LP acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 82,756 shares of the company's stock, valued at approximately $1,756,000. Corient Private Wealth LP owned approximately 0.14% of Upbound Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE purchased a new position in Upbound Group during the 2nd quarter valued at about $6,251,000. Freestone Grove Partners LP purchased a new stake in shares of Upbound Group in the second quarter valued at about $479,000. Miller Value Partners LLC acquired a new stake in shares of Upbound Group in the second quarter valued at approximately $5,475,000. Jupiter Topco LLC purchased a new position in shares of Upbound Group during the 2nd quarter worth approximately $500,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Upbound Group during the 2nd quarter worth approximately $838,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Upbound Group

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

Analyst Upgrades and Downgrades

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

Upbound Group Stock Performance

Shares of NASDAQ UPBD opened at $18.67 on Friday. The company has a market cap of $1.09 billion, a PE ratio of 12.12 and a beta of 1.77. Upbound Group, Inc. has a 12 month low of $15.82 and a 12 month high of $28.02. 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 company has a 50-day simple moving average of $20.14 and a 200-day simple moving average of $19.33.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 earnings per share. 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, equities analysts anticipate that Upbound Group, Inc. will post 4.15 earnings per share for the current year.

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.

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