1,381 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,381 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Upbound Group by 47.9% in the second quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after buying an additional 362 shares during the last quarter. ProShare Advisors LLC grew its holdings in Upbound Group by 4.7% during the first quarter. ProShare Advisors LLC now owns 10,592 shares of the company’s stock valued at $373,000 after purchasing an additional 477 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Upbound Group by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the company’s stock valued at $691,000 after purchasing an additional 500 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Upbound Group by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 38,965 shares of the company’s stock valued at $1,372,000 after purchasing an additional 522 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Upbound Group during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Loop Capital reiterated a “hold” rating and set a $36.00 price target on shares of Upbound Group in a report on Friday. BTIG Research started coverage on shares of Upbound Group in a research report on Friday, June 7th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Jefferies Financial Group decreased their price target on shares of Upbound Group from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.40.

Insider Activity

In other news, EVP Transient C. Taylor sold 15,127 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the sale, the executive vice president now directly owns 14,651 shares in the company, valued at approximately $498,134. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Transient C. Taylor sold 15,127 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the sale, the executive vice president now directly owns 14,651 shares in the company, valued at approximately $498,134. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey J. Brown acquired 1,031 shares of the stock in a transaction dated Tuesday, July 9th. The stock was bought at an average price of $29.82 per share, for a total transaction of $30,744.42. Following the completion of the purchase, the director now owns 84,169 shares in the company, valued at approximately $2,509,919.58. The disclosure for this purchase can be found here. Corporate insiders own 2.70% of the company’s stock.

Upbound Group Trading Up 3.7 %

Upbound Group stock opened at $30.93 on Monday. The business has a 50 day moving average price of $32.57 and a two-hundred day moving average price of $32.37. The company has a quick ratio of 0.84, a current ratio of 3.96 and a debt-to-equity ratio of 2.21. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -67.24 and a beta of 2.00. Upbound Group, Inc. has a 12 month low of $25.00 and a 12 month high of $38.72.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 EPS. As a group, equities analysts forecast that Upbound Group, Inc. will post 3.81 EPS for the current year.

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.