Louisiana State Employees Retirement System decreased its position in Encore Capital Group, Inc. (NASDAQ:ECPG) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,460 shares of the asset manager’s stock after selling 740 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Encore Capital Group were worth $335,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Nuveen Asset Management LLC purchased a new position in shares of Encore Capital Group in the second quarter valued at $12,557,000. BlackRock Inc. increased its stake in Encore Capital Group by 6.0% during the 2nd quarter. BlackRock Inc. now owns 4,063,492 shares of the asset manager’s stock worth $137,631,000 after buying an additional 229,683 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Encore Capital Group by 6.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,308,104 shares of the asset manager’s stock worth $112,045,000 after buying an additional 191,768 shares during the period. Stephens Investment Management Group LLC lifted its holdings in Encore Capital Group by 15.0% in the 3rd quarter. Stephens Investment Management Group LLC now owns 804,400 shares of the asset manager’s stock worth $26,807,000 after buying an additional 104,825 shares in the last quarter. Finally, Shaker Investments LLC OH acquired a new position in Encore Capital Group in the 3rd quarter worth $2,184,000.
ECPG opened at $35.45 on Tuesday. The stock has a market capitalization of $1.12 billion, a PE ratio of 6.17, a P/E/G ratio of 0.47 and a beta of 1.50. The firm’s fifty day moving average price is $36.21 and its 200 day moving average price is $35.25. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.89 and a quick ratio of 0.89. Encore Capital Group, Inc. has a 12-month low of $26.52 and a 12-month high of $39.19.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.25. The company had revenue of $355.94 million during the quarter, compared to analyst estimates of $348.73 million. Encore Capital Group had a net margin of 12.28% and a return on equity of 20.85%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. On average, equities research analysts forecast that Encore Capital Group, Inc. will post 5.88 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on ECPG. Zacks Investment Research downgraded Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. ValuEngine cut Encore Capital Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Northland Securities reissued a “buy” rating and issued a $40.00 price target on shares of Encore Capital Group in a report on Thursday, November 7th. Keefe, Bruyette & Woods restated a “reduce” rating and set a $50.00 price objective (up previously from $45.00) on shares of Encore Capital Group in a research note on Sunday, November 10th. Finally, BidaskClub upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $41.80.
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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