Upbound Group, Inc. (NASDAQ:UPBD) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 4.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,935 shares of the company’s stock after selling 4,273 shares during the quarter. Millennium Management LLC owned 0.19% of Upbound Group worth $3,129,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in Upbound Group during the 2nd quarter worth approximately $606,000. Interval Partners LP raised its stake in shares of Upbound Group by 155.1% during the first quarter. Interval Partners LP now owns 96,131 shares of the company’s stock valued at $3,385,000 after purchasing an additional 58,442 shares during the period. Edgestream Partners L.P. raised its stake in shares of Upbound Group by 78.4% during the first quarter. Edgestream Partners L.P. now owns 137,031 shares of the company’s stock valued at $4,825,000 after purchasing an additional 60,203 shares during the period. ClariVest Asset Management LLC raised its stake in shares of Upbound Group by 36,691.7% during the first quarter. ClariVest Asset Management LLC now owns 30,905 shares of the company’s stock valued at $1,088,000 after purchasing an additional 30,821 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Upbound Group by 3.6% during the first quarter. Vanguard Group Inc. now owns 6,005,494 shares of the company’s stock valued at $211,453,000 after purchasing an additional 209,422 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insiders Place Their Bets

In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction on Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the transaction, the executive vice president now owns 14,651 shares of the company’s stock, valued at $498,134. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Upbound Group news, EVP Ralph T. Montrone sold 15,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.48, for a total value of $487,200.00. Following the sale, the executive vice president now directly owns 40,074 shares in the company, valued at approximately $1,301,603.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the sale, the executive vice president now owns 14,651 shares in the company, valued at $498,134. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Upbound Group Stock Up 1.7 %

UPBD stock opened at $29.37 on Tuesday. Upbound Group, Inc. has a twelve month low of $25.00 and a twelve month high of $38.72. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $1.60 billion, a P/E ratio of -63.85 and a beta of 2.00. The firm has a 50 day simple moving average of $31.24 and a 200-day simple moving average of $31.89.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $1.11 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that Upbound Group, Inc. will post 3.67 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, October 1st. Upbound Group’s dividend payout ratio is presently -321.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UPBD. Jefferies Financial Group dropped their price objective on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, October 1st. Loop Capital reiterated a “hold” rating and set a $36.00 price objective on shares of Upbound Group in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.