Russell Investments Group Ltd. Makes New Investment in Encore Capital Group, Inc. (NASDAQ:ECPG)

Russell Investments Group Ltd. acquired a new stake in Encore Capital Group, Inc. (NASDAQ:ECPG) during the third quarter, HoldingsChannel.com reports. The fund acquired 2,749 shares of the asset manager’s stock, valued at approximately $92,000.

Several other large investors have also recently made changes to their positions in ECPG. Tower Research Capital LLC TRC lifted its position in shares of Encore Capital Group by 615.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,862 shares of the asset manager’s stock worth $97,000 after purchasing an additional 2,462 shares during the last quarter. Parallax Volatility Advisers L.P. raised its stake in Encore Capital Group by 115.7% in the second quarter. Parallax Volatility Advisers L.P. now owns 3,589 shares of the asset manager’s stock valued at $122,000 after buying an additional 26,517 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Encore Capital Group in the second quarter valued at $223,000. Sigma Planning Corp lifted its holdings in Encore Capital Group by 9.1% during the 2nd quarter. Sigma Planning Corp now owns 8,900 shares of the asset manager’s stock worth $301,000 after buying an additional 743 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Encore Capital Group by 6.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the asset manager’s stock worth $340,000 after buying an additional 600 shares during the last quarter.

Shares of ECPG opened at $36.32 on Friday. Encore Capital Group, Inc. has a 1-year low of $20.38 and a 1-year high of $39.19. The stock has a market cap of $1.12 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a fifty day moving average price of $35.21 and a 200 day moving average price of $34.93.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.25. Encore Capital Group had a return on equity of 20.85% and a net margin of 12.28%. The company had revenue of $355.94 million for the quarter, compared to analyst estimates of $348.73 million. During the same quarter last year, the company posted $1.19 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that Encore Capital Group, Inc. will post 5.88 EPS for the current fiscal year.

A number of research analysts have recently commented on ECPG shares. BidaskClub upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Zacks Investment Research raised Encore Capital Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, November 8th. ValuEngine cut Encore Capital Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Northland Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Encore Capital Group in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods reiterated a “reduce” rating and issued a $50.00 price target (up from $45.00) on shares of Encore Capital Group in a research note on Sunday, November 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Encore Capital Group currently has a consensus rating of “Hold” and a consensus price target of $41.17.

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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