LSV Asset Management held its position in shares of Encore Capital Group Inc (NASDAQ:ECPG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,000 shares of the asset manager’s stock at the end of the 2nd quarter. LSV Asset Management owned about 0.07% of Encore Capital Group worth $762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Encore Capital Group by 29.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,640 shares of the asset manager’s stock worth $3,117,000 after purchasing an additional 17,543 shares during the last quarter. Westpac Banking Corp bought a new position in Encore Capital Group in the 2nd quarter worth about $336,000. Principal Financial Group Inc. grew its position in Encore Capital Group by 3.5% in the 2nd quarter. Principal Financial Group Inc. now owns 185,181 shares of the asset manager’s stock worth $7,435,000 after purchasing an additional 6,182 shares during the last quarter. William Blair Investment Management LLC grew its position in Encore Capital Group by 5.3% in the 2nd quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock worth $95,159,000 after purchasing an additional 119,655 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Encore Capital Group by 20.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,457 shares of the asset manager’s stock worth $380,000 after purchasing an additional 1,619 shares during the last quarter.

Several research analysts have commented on ECPG shares. Zacks Investment Research cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Northland Securities restated a “hold” rating and issued a $44.00 target price on shares of Encore Capital Group in a research report on Friday, August 4th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $49.50 target price on shares of Encore Capital Group in a research report on Thursday, August 10th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.30.

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Encore Capital Group Inc (ECPG) opened at 41.90 on Friday. The firm has a 50-day moving average of $40.14 and a 200 day moving average of $36.86. Encore Capital Group Inc has a 52-week low of $17.66 and a 52-week high of $43.65. The company has a market cap of $1.08 billion, a PE ratio of 17.17 and a beta of 1.77.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The firm had revenue of $290.92 million during the quarter, compared to the consensus estimate of $275.18 million. During the same period last year, the firm posted $1.29 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts expect that Encore Capital Group Inc will post $3.69 earnings per share for the current fiscal year.

Encore Capital Group Company Profile

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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

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