Renaissance Technologies LLC Acquires Shares of 63,900 Upbound Group, Inc. $UPBD

Key Points

• Renaissance Technologies acquired 63,900 Upbound Group shares worth approximately $1.15 million, giving it a 0.11% stake. Institutional investors collectively own 90.3% of the company.
• Upbound Group reported quarterly EPS of $1.07, slightly exceeding the $1.05 analyst consensus, while revenue reached $1.16 billion and rose 0.5% year over year.
• The company pays a quarterly dividend of $0.39 per share, equivalent to a 7.9% annualized yield, though its 101.3% payout ratio exceeds earnings. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $30.67.

Renaissance Technologies LLC acquired a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 63,900 shares of the company's stock, valued at approximately $1,153,000. Renaissance Technologies LLC owned 0.11% of Upbound Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP grew its stake in shares of Upbound Group by 913.1% in the third quarter. Quarry LP now owns 1,388 shares of the company's stock valued at $33,000 after acquiring an additional 1,251 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Upbound Group by 238.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company's stock worth $25,000 after purchasing an additional 1,020 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Upbound Group by 18.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company's stock worth $60,000 after purchasing an additional 535 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Upbound Group by 49.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company's stock valued at $67,000 after purchasing an additional 1,226 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Upbound Group during the 2nd quarter worth approximately $95,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Upbound Group Trading Up 3.3%

Shares of UPBD stock opened at $19.67 on Friday. The stock's fifty day moving average price is $20.01 and its two-hundred day moving average price is $19.40. The company has a market cap of $1.15 billion, a PE ratio of 12.77 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. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.07 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. Upbound Group's revenue was up .5% on a year-over-year basis. 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. Equities analysts predict that Upbound Group, Inc. will post 4.15 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.56 annualized dividend and a dividend yield of 7.9%. Upbound Group's payout ratio is 101.30%.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown acquired 2,295 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of $20.09 per share, with a total value of $46,106.55. Following the purchase, the director directly owned 96,681 shares in the company, valued at approximately $1,942,321.29. This trade represents a 2.43% 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 link. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UPBD. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Upbound Group in a report on Wednesday, June 24th. Zacks Research downgraded Upbound Group from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. BTIG Research lowered Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 price objective on the stock. in a research note on Friday, July 31st. TD Cowen dropped their price objective on Upbound Group from $29.00 to $28.00 and set a "buy" rating for the company in a report on Friday, July 31st. Finally, Wall Street Zen downgraded Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Two equities research analysts have 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 MarketBeat.com, the company has an average rating of "Hold" and an average target price of $30.67.

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.

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