Public Sector Pension investment Board Lowers Position in Encore Capital Group Inc (ECPG)

Public Sector Pension investment Board lessened its stake in Encore Capital Group Inc (NASDAQ:ECPG) by 28.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,125 shares of the asset manager’s stock after selling 4,900 shares during the quarter. Public Sector Pension investment Board’s holdings in Encore Capital Group were worth $487,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Encore Capital Group by 3.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 27,504 shares of the asset manager’s stock valued at $1,104,000 after acquiring an additional 912 shares during the period. BlackRock Inc. raised its holdings in Encore Capital Group by 1.1% during the 2nd quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after acquiring an additional 27,239 shares during the period. Ameriprise Financial Inc. raised its holdings in Encore Capital Group by 13.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 839,303 shares of the asset manager’s stock valued at $33,696,000 after acquiring an additional 102,413 shares during the period. Alliancebernstein L.P. raised its holdings in Encore Capital Group by 29.5% during the 2nd quarter. Alliancebernstein L.P. now owns 47,679 shares of the asset manager’s stock valued at $1,914,000 after acquiring an additional 10,860 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Encore Capital Group by 29.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 77,640 shares of the asset manager’s stock valued at $3,117,000 after acquiring an additional 17,543 shares during the period.

TRADEMARK VIOLATION WARNING: “Public Sector Pension investment Board Lowers Position in Encore Capital Group Inc (ECPG)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/public-sector-pension-investment-board-lowers-position-in-encore-capital-group-inc-ecpg.html.

A number of equities research analysts have issued reports on ECPG shares. BidaskClub cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $49.50 target price on shares of Encore Capital Group in a report on Thursday, August 10th. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Northland Securities reissued a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a report on Friday, August 4th. Finally, ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $38.88.

Encore Capital Group Inc (ECPG) opened at 45.00 on Wednesday. The stock has a 50 day moving average of $41.64 and a 200 day moving average of $38.29. Encore Capital Group Inc has a 12-month low of $17.66 and a 12-month high of $46.20. The company has a market cap of $1.16 billion, a PE ratio of 18.44 and a beta of 1.79.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million for the quarter, compared to the consensus estimate of $275.18 million. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The company’s revenue was up .5%

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Encore Capital Group by 3.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 27,504 shares of the asset manager’s stock valued at $1,104,000 after acquiring an additional 912 shares during the period. BlackRock Inc. raised its holdings in Encore Capital Group by 1.1% during the 2nd quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after acquiring an additional 27,239 shares during the period. Ameriprise Financial Inc. raised its holdings in Encore Capital Group by 13.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 839,303 shares of the asset manager’s stock valued at $33,696,000 after acquiring an additional 102,413 shares during the period. Alliancebernstein L.P. raised its holdings in Encore Capital Group by 29.5% during the 2nd quarter. Alliancebernstein L.P. now owns 47,679 shares of the asset manager’s stock valued at $1,914,000 after acquiring an additional 10,860 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Encore Capital Group by 29.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 77,640 shares of the asset manager’s stock valued at $3,117,000 after acquiring an additional 17,543 shares during the period.

TRADEMARK VIOLATION WARNING: “Public Sector Pension investment Board Lowers Position in Encore Capital Group Inc (ECPG)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/public-sector-pension-investment-board-lowers-position-in-encore-capital-group-inc-ecpg.html.

A number of equities research analysts have issued reports on ECPG shares. BidaskClub cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $49.50 target price on shares of Encore Capital Group in a report on Thursday, August 10th. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Northland Securities reissued a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a report on Friday, August 4th. Finally, ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $38.88.

Encore Capital Group Inc (ECPG) opened at 45.00 on Wednesday. The stock has a 50 day moving average of $41.64 and a 200 day moving average of $38.29. Encore Capital Group Inc has a 12-month low of $17.66 and a 12-month high of $46.20. The company has a market cap of $1.16 billion, a PE ratio of 18.44 and a beta of 1.79.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million for the quarter, compared to the consensus estimate of $275.18 million. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. Equities analysts expect that Encore Capital Group Inc will post $3.69 earnings per share for the current year.

Encore Capital Group Company Profile

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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