Swiss National Bank Sells 400 Shares of Encore Capital Group Inc $ECPG

Swiss National Bank trimmed its stake in Encore Capital Group Inc (NASDAQ:ECPG) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,900 shares of the asset manager’s stock after selling 400 shares during the period. Swiss National Bank owned approximately 0.20% of Encore Capital Group worth $1,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Encore Capital Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,317 shares of the asset manager’s stock worth $636,000 after buying an additional 460 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of Encore Capital Group by 3.6% during the 1st quarter. Sheets Smith Wealth Management now owns 14,790 shares of the asset manager’s stock valued at $507,000 after buying an additional 512 shares in the last quarter. Altfest L J & Co. Inc. lifted its holdings in shares of Encore Capital Group by 7.3% during the 1st quarter. Altfest L J & Co. Inc. now owns 10,429 shares of the asset manager’s stock worth $358,000 after acquiring an additional 713 shares during the last quarter. MetLife Investment Management LLC grew its position in Encore Capital Group by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 14,158 shares of the asset manager’s stock worth $676,000 after acquiring an additional 771 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Encore Capital Group by 10.7% in the first quarter. Illinois Municipal Retirement Fund now owns 14,056 shares of the asset manager’s stock worth $482,000 after acquiring an additional 1,358 shares in the last quarter.

Encore Capital Group Stock Performance

NASDAQ ECPG opened at $42.25 on Monday. The company has a 50-day simple moving average of $39.33 and a two-hundred day simple moving average of $38.15. Encore Capital Group Inc has a 12-month low of $26.45 and a 12-month high of $51.77. The firm has a market cap of $972.26 million, a price-to-earnings ratio of -11.30 and a beta of 1.59. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 4.43.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, August 6th. The asset manager reported $2.49 EPS for the quarter, topping the consensus estimate of $1.44 by $1.05. Encore Capital Group had a positive return on equity of 19.61% and a negative net margin of 6.07%.The firm had revenue of $442.12 million for the quarter, compared to the consensus estimate of $383.42 million. During the same quarter in the previous year, the business earned $1.34 earnings per share. The company’s quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts forecast that Encore Capital Group Inc will post 5.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.