Encore Capital Group, Inc. (ECPG) Position Raised by Metropolitan Life Insurance Co. NY

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Metropolitan Life Insurance Co. NY raised its holdings in Encore Capital Group, Inc. (NASDAQ:ECPG) by 329.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,108 shares of the asset manager’s stock after acquiring an additional 6,218 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Encore Capital Group were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ECPG. Second Curve Capital LLC boosted its holdings in shares of Encore Capital Group by 16.9% in the 4th quarter. Second Curve Capital LLC now owns 514,500 shares of the asset manager’s stock valued at $12,091,000 after purchasing an additional 74,500 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Encore Capital Group by 220.4% in the 4th quarter. American International Group Inc. now owns 65,282 shares of the asset manager’s stock valued at $1,534,000 after purchasing an additional 44,907 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Encore Capital Group by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,546,966 shares of the asset manager’s stock valued at $36,354,000 after purchasing an additional 18,488 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Encore Capital Group by 14.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 35,528 shares of the asset manager’s stock valued at $770,000 after purchasing an additional 4,352 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in shares of Encore Capital Group by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 16,757 shares of the asset manager’s stock valued at $394,000 after purchasing an additional 652 shares in the last quarter.

A number of equities research analysts have weighed in on ECPG shares. Oppenheimer raised Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Tuesday, January 15th. JMP Securities raised their target price on Encore Capital Group from $37.00 to $42.00 and gave the company a “market outperform” rating in a report on Thursday, February 28th. Buckingham Research started coverage on Encore Capital Group in a report on Thursday, January 3rd. They issued a “buy” rating and a $38.00 target price on the stock. ValuEngine downgraded Encore Capital Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Finally, BidaskClub downgraded Encore Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $38.00.

NASDAQ ECPG opened at $28.89 on Tuesday. The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.55 and a current ratio of 0.55. Encore Capital Group, Inc. has a twelve month low of $20.38 and a twelve month high of $47.80. The firm has a market cap of $906.77 million, a P/E ratio of 5.93, a PEG ratio of 0.43 and a beta of 2.00.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, February 27th. The asset manager reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.23. The company had revenue of $348.72 million for the quarter, compared to the consensus estimate of $341.81 million. Encore Capital Group had a return on equity of 20.21% and a net margin of 8.51%. Encore Capital Group’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. On average, analysts forecast that Encore Capital Group, Inc. will post 5.27 earnings per share for the current fiscal year.

In related news, major shareholder Jcf Iii Europe Holdings L.P. sold 1,500,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $30.17, for a total transaction of $45,255,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.76% of the stock is owned by company insiders.

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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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