Kendall Capital Management Has $2.36 Million Stock Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Kendall Capital Management raised its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 44.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,950 shares of the company’s stock after acquiring an additional 24,870 shares during the period. Kendall Capital Management’s holdings in Upbound Group were worth $2,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Upbound Group by 2,864.5% in the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock valued at $12,974,000 after acquiring an additional 391,888 shares in the last quarter. Geode Capital Management LLC raised its holdings in Upbound Group by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company’s stock valued at $38,968,000 after acquiring an additional 54,427 shares in the last quarter. Barclays PLC increased its stake in shares of Upbound Group by 42.5% in the 3rd quarter. Barclays PLC now owns 316,225 shares of the company’s stock valued at $10,116,000 after purchasing an additional 94,333 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Upbound Group by 130.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company’s stock valued at $5,835,000 after purchasing an additional 103,212 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Upbound Group by 2.2% in the 3rd quarter. State Street Corp now owns 2,028,224 shares of the company’s stock valued at $64,883,000 after purchasing an additional 43,814 shares during the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Upbound Group

In related news, Director Jeffrey J. Brown purchased 1,146 shares of Upbound Group stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the transaction, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UPBD shares. 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. Stephens started coverage on Upbound Group in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target on the stock. Finally, TD Cowen upgraded Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Upbound Group Trading Up 4.1 %

Shares of UPBD stock opened at $25.81 on Friday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 11.68 and a beta of 2.01. Upbound Group, Inc. has a twelve month low of $24.15 and a twelve month high of $38.72. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The stock’s fifty day simple moving average is $28.61 and its 200 day simple moving average is $30.36.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. As a group, sell-side analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current fiscal 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.