New York State Teachers Retirement System lowered its stake in Encore Capital Group, Inc. (NASDAQ:ECPG) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,231 shares of the asset manager’s stock after selling 100 shares during the period. New York State Teachers Retirement System owned approximately 0.17% of Encore Capital Group worth $1,239,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its stake in Encore Capital Group by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,260 shares of the asset manager’s stock worth $118,000 after buying an additional 80 shares in the last quarter. KBC Group NV raised its stake in Encore Capital Group by 358.2% in the third quarter. KBC Group NV now owns 8,922 shares of the asset manager’s stock worth $201,000 after buying an additional 6,975 shares in the last quarter. Aperio Group LLC bought a new stake in Encore Capital Group during the third quarter worth about $205,000. Advisory Research Inc. bought a new stake in Encore Capital Group during the fourth quarter worth about $226,000. Finally, First Trust Advisors LP bought a new stake in Encore Capital Group during the third quarter worth about $291,000.
Encore Capital Group, Inc. (NASDAQ:ECPG) traded up 1.24% on Thursday, hitting $32.70. The stock had a trading volume of 307,405 shares. The firm has a market cap of $837.05 million, a PE ratio of 11.05 and a beta of 1.54. The company’s 50 day moving average is $30.93 and its 200 day moving average is $28.20. Encore Capital Group, Inc. has a 12-month low of $17.66 and a 12-month high of $35.92.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Thursday, February 23rd. The asset manager reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company earned $271.38 million during the quarter, compared to analyst estimates of $277.71 million. Encore Capital Group had a net margin of 5.00% and a return on equity of 17.26%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share. On average, equities research analysts expect that Encore Capital Group, Inc. will post $3.82 EPS for the current fiscal year.
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Separately, Janney Montgomery Scott lowered Encore Capital Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $32.00 in a research report on Friday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Encore Capital Group presently has a consensus rating of “Hold” and an average price target 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 Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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