Sheets Smith Wealth Management increased its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,678 shares of the asset manager’s stock after acquiring an additional 325 shares during the quarter. Sheets Smith Wealth Management’s holdings in Encore Capital Group were worth $533,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Private Trust Co. NA increased its position in Encore Capital Group by 31.1% during the fourth quarter. Private Trust Co. NA now owns 10,526 shares of the asset manager’s stock worth $409,000 after acquiring an additional 2,500 shares during the period. Sei Investments Co. bought a new position in Encore Capital Group during the third quarter worth about $1,242,000. Great West Life Assurance Co. Can increased its position in Encore Capital Group by 2.0% during the third quarter. Great West Life Assurance Co. Can now owns 34,447 shares of the asset manager’s stock worth $1,328,000 after acquiring an additional 685 shares during the period. Captrust Financial Advisors acquired a new stake in Encore Capital Group during the third quarter worth about $179,000. Finally, Cubist Systematic Strategies LLC grew its stake in Encore Capital Group by 106.8% during the third quarter. Cubist Systematic Strategies LLC now owns 38,676 shares of the asset manager’s stock worth $1,493,000 after buying an additional 19,974 shares in the last quarter.
ECPG has been the topic of a number of analyst reports. BidaskClub upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 8th. TheStreet downgraded shares of Encore Capital Group from a “b-” rating to a “c+” rating in a research note on Monday, November 23rd. Finally, Oppenheimer reduced their price objective on shares of Encore Capital Group from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Encore Capital Group currently has an average rating of “Hold” and a consensus price target of $49.00.
ECPG opened at $33.01 on Thursday. The company’s 50 day moving average is $36.92 and its 200-day moving average is $37.81. Encore Capital Group, Inc. has a 1-year low of $15.27 and a 1-year high of $49.01. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.88. The company has a market cap of $1.03 billion, a P/E ratio of 4.80, a PEG ratio of 0.18 and a beta of 1.62.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Saturday, November 7th. The asset manager reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.14. Encore Capital Group had a net margin of 14.84% and a return on equity of 24.75%. The company had revenue of $403.68 million for the quarter, compared to the consensus estimate of $365.07 million. During the same period last year, the company posted $1.64 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts forecast that Encore Capital Group, Inc. will post 8.69 EPS for the current year.
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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