Renaissance Technologies LLC Takes $1.15 Million Position in Upbound Group, Inc. $UPBD

Renaissance Technologies LLC acquired a new stake in Upbound Group, Inc. (NASDAQ:UPBD) in the 1st quarter, Holdings Channel.com reports. The fund acquired 63,900 shares of the company’s stock, valued at approximately $1,153,000.

A number of other large investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its holdings in Upbound Group by 238.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock worth $25,000 after acquiring an additional 1,020 shares during the last quarter. Quarry LP lifted its holdings in shares of Upbound Group by 913.1% during the third quarter. Quarry LP now owns 1,388 shares of the company’s stock worth $33,000 after purchasing an additional 1,251 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Upbound Group by 18.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company’s stock valued at $60,000 after purchasing an additional 535 shares during the period. PNC Financial Services Group Inc. increased its holdings in Upbound Group by 49.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock valued at $67,000 after purchasing an additional 1,226 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Upbound Group in the second quarter valued at about $95,000. Institutional investors own 90.30% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey J. Brown acquired 2,295 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of $20.09 per share, for a total transaction of $46,106.55. Following the completion of the acquisition, the director directly owned 96,681 shares in the company, valued at $1,942,321.29. The trade was a 2.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Upbound Group Stock Up 3.3%

Shares of NASDAQ UPBD opened at $19.67 on Friday. The company has a quick ratio of 0.97, a current ratio of 3.22 and a debt-to-equity ratio of 1.94. The firm has a market cap of $1.15 billion, a PE ratio of 12.77 and a beta of 1.79. The company’s fifty day simple moving average is $20.01 and its 200 day simple moving average is $19.40. Upbound Group, Inc. has a 12-month low of $15.82 and a 12-month high of $28.02.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. As a group, sell-side analysts forecast that Upbound Group, Inc. will post 4.15 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were issued a $0.39 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.56 annualized dividend and a yield of 7.9%. Upbound Group’s dividend payout ratio is presently 101.30%.

Analysts Set New Price Targets

A number of equities analysts recently commented on UPBD shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Upbound Group in a research note on Wednesday, June 24th. Zacks Research downgraded shares of Upbound Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. BTIG Research cut shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, TD Cowen cut their price target on shares of Upbound Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.67.

Upbound Group Company 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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.