Amundi Grows Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Amundi grew its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 29.1% in the fourth quarter, Holdings Channel reports. The firm owned 56,159 shares of the company’s stock after acquiring an additional 12,657 shares during the period. Amundi’s holdings in Upbound Group were worth $1,677,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Upbound Group by 2,864.5% during the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock valued at $12,974,000 after buying an additional 391,888 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Upbound Group by 171.9% during 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Upbound Group in the fourth quarter valued at approximately $3,922,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Upbound Group in the third quarter worth approximately $4,035,000. Finally, Algert Global LLC increased its holdings in Upbound Group by 82.8% during the 3rd quarter. Algert Global LLC now owns 265,661 shares of the company’s stock worth $8,498,000 after purchasing an additional 120,345 shares during the period. 90.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UPBD has been the subject of several recent research reports. Loop Capital reduced their price target on shares of 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 raised shares of Upbound Group to a “strong-buy” rating in a research report on Friday, November 29th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Upbound Group currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Insiders Place Their Bets

In other news, CFO Fahmi Karam purchased 11,500 shares of the company’s stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the purchase, the chief financial officer now owns 164,672 shares in the company, valued at $4,251,831.04. This trade represents a 7.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey J. Brown acquired 1,146 shares of Upbound Group stock in a transaction dated Tuesday, January 7th. The stock was purchased 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 owns 86,380 shares of the company’s stock, valued at approximately $2,505,883.80. The trade was 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 Stock Down 0.5 %

Shares of UPBD stock opened at $24.43 on Tuesday. The stock’s fifty day moving average price is $28.10 and its 200 day moving average price is $30.00. Upbound Group, Inc. has a 1-year low of $23.35 and a 1-year high of $38.72. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 11.05 and a beta of 2.01. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, research analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

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.