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

Teza Capital Management LLC lowered its position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 42.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UPBD. R Squared Ltd purchased a new position in Upbound Group during the fourth quarter valued at approximately $25,000. Blue Trust Inc. grew its position in Upbound Group by 45.0% during the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after purchasing an additional 705 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Upbound Group by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after purchasing an additional 429 shares in the last quarter. Vestcor Inc purchased a new position in Upbound Group during the fourth quarter valued at approximately $174,000. Finally, Freestone Grove Partners LP purchased a new position in Upbound Group during the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Wall Street Analysts Forecast Growth

UPBD has been the topic of a number of research analyst reports. Loop Capital lowered their price objective on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research 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 report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.60.

Upbound Group Stock Down 2.3%

Upbound Group stock traded down $0.53 during mid-day trading on Friday, hitting $22.88. 467,033 shares of the company's stock were exchanged, compared to its average volume of 510,995. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08. The stock has a market cap of $1.32 billion, a P/E ratio of 10.35 and a beta of 1.77. The stock has a 50 day moving average of $22.86 and a two-hundred day moving average of $27.45. Upbound Group, Inc. has a 1-year low of $19.69 and a 1-year high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.00 EPS for the quarter, beating 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 quarter last year, the firm posted $0.79 earnings per share. The company's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date was Wednesday, April 2nd. Upbound Group's dividend payout ratio is 73.24%.

Insiders Place Their Bets

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

About Upbound Group

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.