Encore Capital Group, Inc. (NASDAQ:ECPG) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can reduced its stake in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 3.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 34,182 shares of the asset manager’s stock after selling 1,346 shares during the period. Great West Life Assurance Co. Can’s holdings in Encore Capital Group were worth $930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ECPG. Laurion Capital Management LP bought a new stake in shares of Encore Capital Group during the first quarter worth $3,589,000. Stephens Investment Management Group LLC lifted its position in shares of Encore Capital Group by 6.1% during the first quarter. Stephens Investment Management Group LLC now owns 549,270 shares of the asset manager’s stock worth $14,957,000 after purchasing an additional 31,750 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Encore Capital Group during the first quarter worth $228,000. Texas Permanent School Fund lifted its position in shares of Encore Capital Group by 3.9% during the first quarter. Texas Permanent School Fund now owns 17,405 shares of the asset manager’s stock worth $474,000 after purchasing an additional 648 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Encore Capital Group by 2.8% during the first quarter. Comerica Bank now owns 25,349 shares of the asset manager’s stock worth $730,000 after purchasing an additional 682 shares during the last quarter.

Several analysts recently weighed in on the company. BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. JMP Securities lifted their price objective on Encore Capital Group from $37.00 to $42.00 and gave the company a “market outperform” rating in a report on Thursday, February 28th. ValuEngine downgraded Encore Capital Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Finally, Oppenheimer set a $37.00 price objective on Encore Capital Group and gave the company a “buy” rating in a report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $38.80.

ECPG stock opened at $36.34 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 4.11. The stock has a market capitalization of $1.11 billion, a P/E ratio of 7.30, a PEG ratio of 0.50 and a beta of 1.61. Encore Capital Group, Inc. has a 1-year low of $20.38 and a 1-year high of $41.50.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, May 8th. The asset manager reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.26. The firm had revenue of $347.08 million during the quarter, compared to the consensus estimate of $349.76 million. Encore Capital Group had a return on equity of 21.02% and a net margin of 10.37%. On average, sell-side analysts anticipate that Encore Capital Group, Inc. will post 5.48 EPS for the current fiscal year.

In related news, major shareholder Jcf Iii Europe Holdings L.P. sold 1,500,000 shares of Encore Capital Group stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $30.17, for a total value of $45,255,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.76% of the company’s stock.

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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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Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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