First National Advisers LLC Raises Position in Upbound Group, Inc. (NASDAQ:UPBD)

First National Advisers LLC grew its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,910 shares of the company’s stock after purchasing an additional 1,674 shares during the quarter. First National Advisers LLC’s holdings in Upbound Group were worth $1,952,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. New York State Teachers Retirement System lifted its stake in shares of Upbound Group by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 80,938 shares of the company’s stock worth $2,361,000 after purchasing an additional 360 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Upbound Group by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company’s stock worth $110,000 after purchasing an additional 429 shares during the period. Amalgamated Bank lifted its stake in shares of Upbound Group by 3.5% during the 3rd quarter. Amalgamated Bank now owns 14,491 shares of the company’s stock worth $464,000 after purchasing an additional 496 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of Upbound Group by 2.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 26,498 shares of the company’s stock worth $773,000 after purchasing an additional 616 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Upbound Group by 45.0% during the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company’s stock worth $73,000 after buying an additional 705 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Upbound Group Stock Up 4.1 %

Shares of NASDAQ UPBD opened at $24.56 on Friday. Upbound Group, Inc. has a 12-month low of $23.35 and a 12-month high of $38.72. The company has a market cap of $1.41 billion, a P/E ratio of 11.11 and a beta of 2.01. 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 fifty day moving average price of $28.19 and a 200 day moving average price of $30.08.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UPBD shares. Loop Capital dropped their price objective on Upbound Group from $33.00 to $30.00 and set a “hold” rating for the company in a report on Friday, February 21st. TD Cowen upgraded Upbound Group to a “strong-buy” rating in a report on Friday, November 29th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Insider Activity at Upbound Group

In other Upbound Group news, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the purchase, the chief financial officer now directly owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. The trade was a 7.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey J. Brown bought 1,146 shares of the stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the purchase, the director now directly owns 86,380 shares of the company’s stock, valued at approximately $2,505,883.80. This represents a 1.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.70% of the stock is owned by insiders.

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.