Shares of Encore Capital Group Inc (NASDAQ:ECPG – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $98.15 and last traded at $97.7950, with a volume of 61721 shares traded. The stock had previously closed at $94.08.
Wall Street Analyst Weigh In
Several brokerages have commented on ECPG. Citigroup reiterated a “market outperform” rating on shares of Encore Capital Group in a research note on Wednesday, June 17th. Citizens Jmp boosted their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Wednesday, June 17th. Zacks Research cut shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen cut shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Truist Financial increased their target price on shares of Encore Capital Group from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Encore Capital Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.
Read Our Latest Report on ECPG
Encore Capital Group Price Performance
Encore Capital Group (NASDAQ:ECPG – Get Free Report) last announced its earnings results on Wednesday, May 6th. The asset manager reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.84. The firm had revenue of $475.41 million during the quarter, compared to analysts’ expectations of $446.26 million. Encore Capital Group had a return on equity of 30.70% and a net margin of 16.00%.The business’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. Sell-side analysts forecast that Encore Capital Group Inc will post 13.01 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider John Yung sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total value of $164,160.00. Following the completion of the sale, the insider directly owned 64,570 shares of the company’s stock, valued at approximately $5,299,905.60. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.
Hedge Funds Weigh In On Encore Capital Group
A number of institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in Encore Capital Group by 78.0% in the 4th quarter. AQR Capital Management LLC now owns 412,498 shares of the asset manager’s stock valued at $22,419,000 after purchasing an additional 180,733 shares during the last quarter. Heartland Advisors Inc. boosted its stake in Encore Capital Group by 0.7% during the 1st quarter. Heartland Advisors Inc. now owns 388,425 shares of the asset manager’s stock worth $27,236,000 after purchasing an additional 2,595 shares during the period. Barclays PLC grew its position in Encore Capital Group by 11.8% during the 4th quarter. Barclays PLC now owns 371,916 shares of the asset manager’s stock worth $20,214,000 after purchasing an additional 39,214 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Encore Capital Group by 658.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager’s stock worth $23,421,000 after purchasing an additional 289,964 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Encore Capital Group by 2.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 170,002 shares of the asset manager’s stock valued at $9,240,000 after purchasing an additional 3,951 shares during the period.
About Encore Capital Group
Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore’s business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.
Headquartered in San Diego, California, Encore operates across North America and Europe.
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