Encore Capital Group Inc (NASDAQ:ECPG) Holdings Increased by Homestead Advisers Corp

Homestead Advisers Corp increased its holdings in Encore Capital Group Inc (NASDAQ:ECPG - Free Report) by 15.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 133,983 shares of the asset manager's stock after buying an additional 17,700 shares during the period. Homestead Advisers Corp owned about 0.57% of Encore Capital Group worth $4,593,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Encore Capital Group by 13.9% in the 4th quarter. Bank of America Corp DE now owns 67,268 shares of the asset manager's stock valued at $3,213,000 after buying an additional 8,213 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Encore Capital Group by 10.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,056 shares of the asset manager's stock valued at $482,000 after buying an additional 1,358 shares during the period. Man Group plc acquired a new position in shares of Encore Capital Group in the 4th quarter valued at about $405,000. Deutsche Bank AG boosted its holdings in shares of Encore Capital Group by 44.4% in the 4th quarter. Deutsche Bank AG now owns 21,535 shares of the asset manager's stock valued at $1,029,000 after buying an additional 6,619 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Encore Capital Group by 2,834.0% in the 1st quarter. GAMMA Investing LLC now owns 6,308 shares of the asset manager's stock valued at $216,000 after buying an additional 6,093 shares during the period.

Encore Capital Group Stock Performance

Encore Capital Group stock traded up $0.16 during midday trading on Friday, reaching $38.93. 55,847 shares of the stock traded hands, compared to its average volume of 285,792. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 4.63. The firm has a fifty day moving average price of $39.04 and a two-hundred day moving average price of $39.64. The firm has a market cap of $908.93 million, a price-to-earnings ratio of -7.96 and a beta of 1.59. Encore Capital Group Inc has a fifty-two week low of $26.45 and a fifty-two week high of $51.77.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The asset manager reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.69. The firm had revenue of $392.78 million during the quarter, compared to analyst estimates of $374.49 million. Encore Capital Group had a negative net margin of 8.38% and a positive return on equity of 16.18%. Encore Capital Group's revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. On average, equities research analysts forecast that Encore Capital Group Inc will post 5.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Encore Capital Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Encore Capital Group currently has a consensus rating of "Buy" and an average price target of $62.67.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.