Millennium Management LLC reduced its stake in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 35.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,752 shares of the asset manager’s stock after selling 67,192 shares during the quarter. Millennium Management LLC owned 0.40% of Encore Capital Group worth $4,124,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ECPG. Nuveen Asset Management LLC purchased a new stake in shares of Encore Capital Group during the 2nd quarter valued at about $12,557,000. Waddell & Reed Financial Inc. purchased a new stake in shares of Encore Capital Group during the 2nd quarter valued at about $9,891,000. BlackRock Inc. increased its holdings in Encore Capital Group by 6.0% during the 2nd quarter. BlackRock Inc. now owns 4,063,492 shares of the asset manager’s stock worth $137,631,000 after purchasing an additional 229,683 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Encore Capital Group by 6.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,308,104 shares of the asset manager’s stock worth $112,045,000 after purchasing an additional 191,768 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in Encore Capital Group by 27.4% during the 2nd quarter. Stephens Investment Management Group LLC now owns 699,575 shares of the asset manager’s stock worth $23,695,000 after purchasing an additional 150,305 shares during the last quarter.

ECPG stock opened at $36.31 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 3.71. Encore Capital Group, Inc. has a 52-week low of $20.38 and a 52-week high of $39.19. The stock’s 50 day moving average is $35.63 and its two-hundred day moving average is $34.99. The company has a market capitalization of $1.13 billion, a PE ratio of 7.29, a P/E/G ratio of 0.53 and a beta of 1.51.

Encore Capital Group (NASDAQ:ECPG) last posted 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 the consensus estimate of $348.73 million. During the same period in the previous year, the business earned $1.19 EPS. Encore Capital Group’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Encore Capital Group, Inc. will post 5.88 EPS for the current year.

Several research firms have issued reports on ECPG. ValuEngine downgraded Encore Capital Group from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th. Northland Securities restated a “buy” rating and set a $40.00 price objective on shares of Encore Capital Group in a report on Thursday, November 7th. Zacks Investment Research upgraded Encore Capital Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Friday, November 8th. BidaskClub upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods restated a “reduce” rating and set a $50.00 price objective (up from $45.00) on shares of Encore Capital Group in a report on Sunday, November 10th. Two 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. Encore Capital Group presently has an average rating of “Hold” and an average price target of $41.17.

Encore Capital Group Profile

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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