Graham Capital Management L.P. Increases Stake in Upbound Group, Inc. $UPBD

Key Points

• Graham Capital Management L.P. increased its stake in Upbound Group, Inc. by 51.1%, owning approximately 64,146 shares valued at about $1.54 million.
• Wall Street analysts have upgraded Upbound Group from a "hold" to a "buy" rating, with an average target price of $34.50.
• Upbound Group reported $1.12 EPS for the last quarter, exceeding expectations, with revenues of $1.16 billion reflecting a 7.5% increase year-over-year.

Graham Capital Management L.P. increased its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,146 shares of the company's stock after acquiring an additional 21,694 shares during the quarter. Graham Capital Management L.P. owned about 0.11% of Upbound Group worth $1,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPBD. GAMMA Investing LLC lifted its position in Upbound Group by 5,179.7% during the first quarter. GAMMA Investing LLC now owns 12,196 shares of the company's stock valued at $292,000 after purchasing an additional 11,965 shares during the last quarter. SG Americas Securities LLC increased its stake in Upbound Group by 209.8% in the 1st quarter. SG Americas Securities LLC now owns 46,796 shares of the company's stock worth $1,121,000 after buying an additional 31,693 shares during the period. Deutsche Bank AG increased its position in Upbound Group by 40.4% during the 4th quarter. Deutsche Bank AG now owns 47,670 shares of the company's stock valued at $1,391,000 after purchasing an additional 13,713 shares during the period. Principal Financial Group Inc. increased its position in Upbound Group by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 255,244 shares of the company's stock valued at $6,116,000 after purchasing an additional 17,237 shares during the period. Finally, Canaan Partners XI LLC purchased a new position in Upbound Group during the 1st quarter valued at about $930,000. Institutional investors own 90.30% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Upbound Group from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Upbound Group has an average rating of "Moderate Buy" and a consensus target price of $34.50.

Upbound Group Stock Performance

UPBD opened at $24.85 on Wednesday. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. The firm has a fifty day moving average price of $24.47 and a 200 day moving average price of $24.14. Upbound Group, Inc. has a 1 year low of $19.65 and a 1 year high of $36.00. The stock has a market cap of $1.44 billion, a P/E ratio of 13.96 and a beta of 1.77.

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

Insider Buying and Selling

In related news, Director Jeffrey J. Brown purchased 1,653 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was bought at an average price of $25.90 per share, with a total value of $42,812.70. Following the acquisition, the director 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.60% of the company's stock.

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.

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