Victory Capital Management Inc. Purchases 169,197 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Victory Capital Management Inc. increased its position in Upbound Group, Inc. (NASDAQ:UPBD) by 171.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,618 shares of the company’s stock after buying an additional 169,197 shares during the quarter. Victory Capital Management Inc. owned 0.49% of Upbound Group worth $7,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UPBD. Amalgamated Bank lifted its position in Upbound Group by 3.5% in the 3rd quarter. Amalgamated Bank now owns 14,491 shares of the company’s stock worth $464,000 after buying an additional 496 shares during the last quarter. Covestor Ltd increased its stake in Upbound Group by 268.8% in the 3rd quarter. Covestor Ltd now owns 1,136 shares of the company’s stock worth $37,000 after purchasing an additional 828 shares during the period. Natixis Advisors LLC purchased a new position in Upbound Group in the 3rd quarter worth approximately $329,000. Thrivent Financial for Lutherans increased its stake in Upbound Group by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 94,129 shares of the company’s stock worth $3,011,000 after purchasing an additional 1,032 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in Upbound Group by 1.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 102,811 shares of the company’s stock worth $3,289,000 after purchasing an additional 1,711 shares during the period. Institutional investors own 90.30% of the company’s stock.

Wall Street Analysts Forecast Growth

UPBD has been the topic of a number of analyst reports. TD Cowen raised Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Loop Capital decreased their price target on Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Upbound Group Price Performance

UPBD opened at $24.56 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66. Upbound Group, Inc. has a 52-week low of $23.35 and a 52-week high of $38.72. The stock has a market capitalization of $1.41 billion, a PE ratio of 11.11 and a beta of 2.01. The stock’s 50 day moving average price is $28.19 and its 200-day moving average price is $30.10.

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 the consensus estimate of $1.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. On average, equities research analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Insider Buying and Selling

In related news, CFO Fahmi Karam bought 11,500 shares of the company’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $25.82 per share, with a total value of $296,930.00. Following the completion of the acquisition, the chief financial officer now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey J. Brown purchased 1,146 shares of the stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average cost of $29.01 per share, for a total transaction of $33,245.46. Following the completion of the acquisition, the director now 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.