Blair William & Co. IL Has $450,000 Stock Holdings in Encore Capital Group Inc $ECPG

Blair William & Co. IL cut its stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 27.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,637 shares of the asset manager’s stock after selling 4,315 shares during the period. Blair William & Co. IL’s holdings in Encore Capital Group were worth $450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ECPG. Heartland Advisors Inc. acquired a new stake in shares of Encore Capital Group during the first quarter worth $10,118,000. Wellington Management Group LLP raised its position in shares of Encore Capital Group by 13.0% during the first quarter. Wellington Management Group LLP now owns 790,392 shares of the asset manager’s stock worth $27,095,000 after purchasing an additional 91,019 shares during the period. Allianz Asset Management GmbH raised its position in shares of Encore Capital Group by 38.6% during the first quarter. Allianz Asset Management GmbH now owns 196,004 shares of the asset manager’s stock worth $6,719,000 after purchasing an additional 54,568 shares during the period. AQR Capital Management LLC raised its position in Encore Capital Group by 263.0% during the first quarter. AQR Capital Management LLC now owns 68,860 shares of the asset manager’s stock valued at $2,361,000 after buying an additional 49,892 shares during the period. Finally, Jane Street Group LLC lifted its stake in Encore Capital Group by 599.4% in the 1st quarter. Jane Street Group LLC now owns 44,682 shares of the asset manager’s stock worth $1,532,000 after acquiring an additional 38,293 shares in the last quarter.

Encore Capital Group Stock Performance

Shares of NASDAQ ECPG opened at $41.36 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $951.69 million, a price-to-earnings ratio of -11.06 and a beta of 1.48. The business’s 50-day simple moving average is $42.63 and its 200-day simple moving average is $38.88. Encore Capital Group Inc has a 52 week low of $26.45 and a 52 week high of $51.77.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, August 6th. The asset manager reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $1.05. The business had revenue of $442.12 million for the quarter, compared to analyst estimates of $383.42 million. Encore Capital Group had a positive return on equity of 19.61% and a negative net margin of 6.07%.The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 EPS. As a group, equities research analysts expect that Encore Capital Group Inc will post 5.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ECPG shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Encore Capital Group in a research note on Wednesday, October 8th. Zacks Research raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.67.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.