Encore Capital Group Inc (NASDAQ:ECPG) Position Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,264,442 shares of the asset manager’s stock after selling 11,744 shares during the period. Dimensional Fund Advisors LP owned 4.94% of Encore Capital Group worth $38,945,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Encore Capital Group by 8.6% in the first quarter. Vanguard Group Inc. now owns 2,128,159 shares of the asset manager’s stock worth $65,547,000 after buying an additional 169,254 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Encore Capital Group by 1.2% in the first quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock worth $1,259,000 after buying an additional 498 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Encore Capital Group by 26.4% in the first quarter. PNC Financial Services Group Inc. now owns 26,592 shares of the asset manager’s stock worth $819,000 after buying an additional 5,547 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Encore Capital Group by 3.3% in the first quarter. Teachers Advisors LLC now owns 49,441 shares of the asset manager’s stock worth $1,523,000 after buying an additional 1,591 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Encore Capital Group by 74.9% in the first quarter. FMR LLC now owns 616,608 shares of the asset manager’s stock worth $18,992,000 after buying an additional 264,085 shares in the last quarter.

Encore Capital Group Inc (ECPG) remained flat at $39.05 on Friday. 134,053 shares of the stock traded hands. Encore Capital Group Inc has a 12 month low of $17.66 and a 12 month high of $43.65. The firm has a 50 day moving average price of $40.36 and a 200 day moving average price of $35.80. The firm has a market capitalization of $1.01 billion, a PE ratio of 16.00 and a beta of 1.76.

Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million for the quarter, compared to the consensus estimate of $275.18 million. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 EPS. On average, equities research analysts expect that Encore Capital Group Inc will post $3.69 earnings per share for the current year.

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A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $49.50 price objective on shares of Encore Capital Group in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Northland Securities reiterated a “hold” rating and set a $44.00 price objective on shares of Encore Capital Group in a report on Friday, August 4th. Finally, BidaskClub cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Encore Capital Group has a consensus rating of “Hold” and an average price target of $37.58.

About Encore Capital Group

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.

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

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