Teza Capital Management LLC Sells 13,965 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Teza Capital Management LLC lowered its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,227 shares of the company's stock after selling 13,965 shares during the quarter. Teza Capital Management LLC's holdings in Upbound Group were worth $561,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UPBD. Kennedy Capital Management LLC bought a new stake in shares of Upbound Group in the 4th quarter valued at approximately $10,214,000. Marshall Wace LLP grew its position in Upbound Group by 333.9% in the fourth quarter. Marshall Wace LLP now owns 350,949 shares of the company's stock valued at $10,237,000 after acquiring an additional 270,064 shares during the period. Victory Capital Management Inc. grew its position in Upbound Group by 171.9% in the fourth quarter. Victory Capital Management Inc. now owns 267,618 shares of the company's stock valued at $7,806,000 after acquiring an additional 169,197 shares during the period. Brandywine Global Investment Management LLC acquired a new position in Upbound Group during the fourth quarter worth $4,883,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Upbound Group by 37.9% during the fourth quarter. Wellington Management Group LLP now owns 559,120 shares of the company's stock valued at $16,310,000 after acquiring an additional 153,551 shares during the period. Institutional investors and hedge funds own 90.30% of the company's stock.

Upbound Group Stock Down 0.4%

Shares of NASDAQ UPBD opened at $25.02 on Tuesday. Upbound Group, Inc. has a 12-month low of $19.69 and a 12-month high of $38.72. The firm's 50-day simple moving average is $22.90 and its 200 day simple moving average is $27.64. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 11.32 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business earned $0.79 earnings per share. Upbound Group's quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend was Wednesday, April 2nd. Upbound Group's dividend payout ratio is 73.24%.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, CFO Fahmi Karam purchased 11,500 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now directly owns 164,672 shares in the company, valued at $4,251,831.04. This represents a 7.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey J. Brown purchased 21,730 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $23.75 per share, with a total value of $516,087.50. Following the completion of the purchase, the director now owns 21,730 shares of the company's stock, valued at $516,087.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 34,924 shares of company stock worth $846,711. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

UPBD has been the topic of several analyst reports. Loop Capital lowered their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and set a $35.00 price objective (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Upbound Group currently has an average rating of "Moderate Buy" and a consensus target price of $36.60.

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.

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