LSV Asset Management trimmed its position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,700 shares of the asset manager’s stock after selling 2,300 shares during the quarter. LSV Asset Management owned 0.06% of Encore Capital Group worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. raised its stake in Encore Capital Group by 29.5% in 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. BlackRock Inc. increased its position in shares of Encore Capital Group by 1.1% during the second quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after buying an additional 27,239 shares during the period. Northern Trust Corp increased its position in shares of Encore Capital Group by 7.7% during the second quarter. Northern Trust Corp now owns 632,955 shares of the asset manager’s stock valued at $25,414,000 after buying an additional 45,218 shares during the period. Vanguard Group Inc. increased its position in shares of Encore Capital Group by 3.4% in the second quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock worth $88,317,000 after purchasing an additional 71,478 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Encore Capital Group by 15.1% in the second quarter. Parametric Portfolio Associates LLC now owns 60,612 shares of the asset manager’s stock worth $2,434,000 after purchasing an additional 7,957 shares during the last quarter.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Encore Capital Group in a research note on Saturday, November 18th. BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Oppenheimer set a $51.00 price objective on Encore Capital Group and gave the stock a “buy” rating in a report on Thursday. Finally, SunTrust Banks reiterated a “buy” rating and issued a $57.00 price objective on shares of Encore Capital Group in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Encore Capital Group has an average rating of “Buy” and an average price target of $47.70.
Encore Capital Group, Inc. (NASDAQ:ECPG) traded up $3.15 during trading on Friday, hitting $43.60. The company had a trading volume of 1,152,400 shares, compared to its average volume of 220,478. The stock has a market capitalization of $1,041.41, a PE ratio of 13.84, a PEG ratio of 0.77 and a beta of 1.80. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70. Encore Capital Group, Inc. has a 12 month low of $28.95 and a 12 month high of $52.00.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.11. The firm had revenue of $317.48 million for the quarter, compared to analysts’ expectations of $297.72 million. Encore Capital Group had a return on equity of 18.75% and a net margin of 7.01%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. research analysts anticipate that Encore Capital Group, Inc. will post 4.06 earnings per share for the current fiscal year.
In related news, insider Paul Grinberg sold 38,546 shares of Encore Capital Group stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $42.43, for a total transaction of $1,635,506.78. Following the sale, the insider now owns 250,171 shares of the company’s stock, valued at approximately $10,614,755.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 95,365 shares of company stock worth $4,015,307 in the last three months. 8.80% of the stock is owned by corporate insiders.
About Encore Capital Group
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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