Landscape Capital Management L.L.C. Trims Stock Position in Upbound Group, Inc. (NASDAQ:UPBD)

Landscape Capital Management L.L.C. decreased its holdings in Upbound Group, Inc. (NASDAQ:UPBD) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,605 shares of the company’s stock after selling 9,858 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Upbound Group were worth $3,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 362 shares during the last quarter. Covestor Ltd grew its position in Upbound Group by 268.8% during the third quarter. Covestor Ltd now owns 1,136 shares of the company’s stock valued at $37,000 after acquiring an additional 828 shares during the period. Meeder Asset Management Inc. purchased a new stake in Upbound Group during the second quarter valued at about $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in Upbound Group during the second quarter worth about $89,000. Finally, SG Americas Securities LLC acquired a new position in shares of Upbound Group in the 1st quarter valued at about $112,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UPBD. Stephens started coverage on shares of Upbound Group in a report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target on the stock. Jefferies Financial Group cut their target price 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. Finally, Loop Capital decreased their target price on Upbound Group from $36.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, November 1st. 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, Upbound Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.17.

Upbound Group Stock Performance

Upbound Group stock opened at $32.11 on Thursday. Upbound Group, Inc. has a 12-month low of $26.50 and a 12-month high of $38.72. The company has a debt-to-equity ratio of 2.02, a current ratio of 3.66 and a quick ratio of 0.86. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 22.14 and a beta of 2.01. The firm’s fifty day moving average price is $30.27 and its 200 day moving average price is $31.54.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, October 31st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts forecast that Upbound Group, Inc. will post 3.79 EPS for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Tuesday, October 1st. Upbound Group’s payout ratio is 102.07%.

Insider Buying and Selling at Upbound Group

In related news, Director Jeffrey J. Brown purchased 1,065 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average cost of $29.25 per share, with a total value of $31,151.25. Following the completion of the acquisition, the director now directly owns 85,234 shares of the company’s stock, valued at approximately $2,493,094.50. The trade was a 1.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $514,318.00. Following the transaction, the executive vice president now directly owns 14,651 shares of the company’s stock, valued at approximately $498,134. This represents a 50.80 % 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 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.