Pacer Advisors Inc. Acquires Shares of 413,005 Upbound Group, Inc. $UPBD

Key Points

• Pacer Advisors acquired 413,005 Upbound Group shares worth approximately $7.5 million, giving it a 0.71% stake. Institutional investors collectively own 90.3% of the company.
• Upbound Group reported quarterly EPS of $1.07, slightly above estimates, on $1.16 billion in revenue. The company reaffirmed fiscal 2026 guidance of $4.00–$4.35 EPS and pays a $0.39 quarterly dividend, yielding about 7.8%.
• Analyst sentiment is mixed, with recent downgrades contributing to a consensus “Hold” rating and a $30.67 price target. Shares opened at $20.12, near their 50-day moving average.

Pacer Advisors Inc. acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 413,005 shares of the company's stock, valued at approximately $7,455,000. Pacer Advisors Inc. owned 0.71% of Upbound Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Huber Capital Management LLC increased its stake in shares of Upbound Group by 80.2% in the 4th quarter. Huber Capital Management LLC now owns 1,739,045 shares of the company's stock valued at $30,538,000 after purchasing an additional 773,775 shares in the last quarter. Wellington Management Group LLP grew its holdings in Upbound Group by 60.3% in the third quarter. Wellington Management Group LLP now owns 1,255,874 shares of the company's stock valued at $29,676,000 after purchasing an additional 472,550 shares during the period. Lido Advisors LLC acquired a new stake in Upbound Group in the third quarter valued at approximately $8,681,000. Bridgeway Capital Management LLC acquired a new stake in Upbound Group in the third quarter valued at approximately $7,781,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Upbound Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company's stock valued at $43,227,000 after buying an additional 327,203 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 2,295 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was bought at an average price of $20.09 per share, for a total transaction of $46,106.55. Following the acquisition, the director owned 96,681 shares in the company, valued at approximately $1,942,321.29. The trade was a 2.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UPBD. Wall Street Zen downgraded Upbound Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Zacks Research cut shares of Upbound Group from a "hold" rating to a "strong sell" rating in a research note on Monday. TD Cowen cut their price target on shares of Upbound Group from $29.00 to $28.00 and set a "buy" rating for the company in a report on Friday, July 31st. Weiss Ratings restated a "hold (c-)" rating on shares of Upbound Group in a research report on Wednesday, June 24th. Finally, BTIG Research downgraded shares of Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 price objective on the stock. in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Upbound Group presently has a consensus rating of "Hold" and a consensus target price of $30.67.

Upbound Group Trading Down 2.0%

Shares of UPBD stock opened at $20.12 on Thursday. The stock's fifty day moving average is $19.93 and its two-hundred day moving average is $19.41. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.88 and a current ratio of 3.22. The firm has a market capitalization of $1.17 billion, a P/E ratio of 13.06 and a beta of 1.79. Upbound Group, Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $28.02.

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

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Upbound Group's dividend payout ratio is currently 101.30%.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.

Want to see what other hedge funds are holding UPBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upbound Group, Inc. (NASDAQ:UPBD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source