Quantamental Technologies LLC lowered its holdings in Encore Capital Group, Inc. (NASDAQ:ECPG) by 55.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,961 shares of the asset manager’s stock after selling 2,486 shares during the period. Quantamental Technologies LLC’s holdings in Encore Capital Group were worth $66,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Wace LLP bought a new stake in Encore Capital Group during the 1st quarter worth approximately $6,671,000. Stephens Investment Management Group LLC raised its stake in shares of Encore Capital Group by 27.4% during the 2nd quarter. Stephens Investment Management Group LLC now owns 699,575 shares of the asset manager’s stock worth $23,695,000 after buying an additional 150,305 shares during the period. Laurion Capital Management LP acquired a new position in shares of Encore Capital Group during the 1st quarter worth approximately $3,589,000. First Trust Advisors LP acquired a new position in shares of Encore Capital Group during the 2nd quarter worth approximately $3,001,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Encore Capital Group by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,546,966 shares of the asset manager’s stock worth $36,354,000 after buying an additional 18,488 shares during the period.
A number of equities analysts have recently weighed in on the company. ValuEngine cut Encore Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Northland Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Encore Capital Group in a research report on Thursday, August 8th. BidaskClub raised Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Encore Capital Group from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods set a $45.00 target price on Encore Capital Group and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Encore Capital Group presently has a consensus rating of “Buy” and a consensus price target of $40.67.
Shares of ECPG stock traded down $0.12 on Friday, hitting $34.85. The stock had a trading volume of 6,093 shares, compared to its average volume of 461,712. Encore Capital Group, Inc. has a twelve month low of $20.38 and a twelve month high of $39.19. The firm has a market cap of $1.11 billion, a P/E ratio of 7.03, a PEG ratio of 0.42 and a beta of 1.48. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 3.91. The company has a fifty day moving average price of $35.90 and a two-hundred day moving average price of $33.32.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, August 7th. The asset manager reported $1.28 EPS for the quarter, hitting the consensus estimate of $1.28. Encore Capital Group had a net margin of 11.14% and a return on equity of 19.85%. The firm had revenue of $346.87 million for the quarter, compared to analysts’ expectations of $353.89 million. During the same period in the previous year, the firm posted $1.33 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts expect that Encore Capital Group, Inc. will post 5.64 earnings per share for the current year.
About Encore Capital Group
Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.
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