Federated Investors Inc. PA lowered its position in Encore Capital Group, Inc. (NASDAQ:ECPG) by 18.4% during the fourth quarter, Holdings Channel reports. The fund owned 16,175 shares of the company’s stock after selling 3,643 shares during the period. Federated Investors Inc. PA’s holdings in Encore Capital Group were worth $463,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Encore Capital Group by 7.3% in the fourth quarter. State Street Corp now owns 516,236 shares of the company’s stock worth $14,792,000 after buying an additional 35,128 shares during the last quarter. Comerica Bank raised its position in shares of Encore Capital Group by 5.8% in the fourth quarter. Comerica Bank now owns 25,062 shares of the company’s stock worth $768,000 after buying an additional 1,368 shares during the last quarter. Hillcrest Asset Management LLC raised its position in shares of Encore Capital Group by 1.3% in the third quarter. Hillcrest Asset Management LLC now owns 212,214 shares of the company’s stock worth $4,771,000 after buying an additional 2,806 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Encore Capital Group during the third quarter worth $394,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Encore Capital Group by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,260 shares of the company’s stock worth $118,000 after buying an additional 80 shares during the last quarter.
Encore Capital Group, Inc. (NASDAQ:ECPG) opened at 30.40 on Friday. Encore Capital Group, Inc. has a 12 month low of $17.66 and a 12 month high of $35.92. The firm has a market capitalization of $778.18 million, a price-to-earnings ratio of 10.27 and a beta of 1.54. The stock’s 50 day moving average price is $32.30 and its 200-day moving average price is $27.04.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $271.38 million for the quarter, compared to analysts’ expectations of $277.71 million. Encore Capital Group had a return on equity of 17.26% and a net margin of 5.00%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. Equities analysts anticipate that Encore Capital Group, Inc. will post $3.81 EPS for the current fiscal year.
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ECPG has been the topic of a number of research reports. Citigroup Inc lowered Encore Capital Group to a “market perform” rating in a research report on Tuesday, December 13th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $30.00 target price on shares of Encore Capital Group in a research report on Tuesday, December 13th. Finally, Janney Montgomery Scott lowered Encore Capital Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $32.00 in a research report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.75.
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 two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery.
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