Robeco Institutional Asset Management B.V. boosted its holdings in Encore Capital Group Inc (NASDAQ:ECPG - Free Report) by 100.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,057 shares of the asset manager's stock after buying an additional 24,589 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.23% of Encore Capital Group worth $4,633,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of Encore Capital Group by 40.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 386 shares of the asset manager's stock worth $36,000 after buying an additional 111 shares in the last quarter. USA Financial Formulas purchased a new position in Encore Capital Group in the 1st quarter worth $46,000. Public Employees Retirement System of Ohio bought a new position in shares of Encore Capital Group during the second quarter valued at about $89,000. GAMMA Investing LLC lifted its holdings in shares of Encore Capital Group by 26.8% during the third quarter. GAMMA Investing LLC now owns 1,339 shares of the asset manager's stock valued at $126,000 after purchasing an additional 283 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in shares of Encore Capital Group during the 2nd quarter valued at about $136,000.
Encore Capital Group Stock Performance
Shares of ECPG opened at $97.73 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87. The stock has a fifty day moving average price of $99.20 and a 200-day moving average price of $90.43. The firm has a market cap of $2.07 billion, a PE ratio of 7.40 and a beta of 1.30. Encore Capital Group Inc has a 12 month low of $40.52 and a 12 month high of $105.98.
Encore Capital Group (NASDAQ:ECPG - Get Free Report) last announced its earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.14. The business had revenue of $491.87 million for the quarter, compared to analyst estimates of $455.10 million. Encore Capital Group had a net margin of 15.86% and a return on equity of 29.83%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.49 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Equities research analysts predict that Encore Capital Group Inc will post 13.52 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have commented on ECPG. Zacks Research cut shares of Encore Capital Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Northland Securities set a $124.00 price objective on Encore Capital Group in a research report on Tuesday, October 13th. Weiss Ratings raised shares of Encore Capital Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Truist Financial upped their price target on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Encore Capital Group in a research note on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $103.25.
Read Our Latest Research Report on ECPG
Encore Capital Group Profile
(
Free Report)
Encore Capital Group, Inc is a specialty finance company that purchases portfolios of charged-off consumer receivables and provides debt recovery and management services. Through its operating businesses, the company works with consumers to resolve outstanding obligations through payment plans and other repayment arrangements.
Encore serves consumers and creditors across multiple markets, including the United States, the United Kingdom and other European countries. Its major operating platforms include Midland Credit Management in the United States and Cabot Credit Management in Europe.
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