Jane Street Group LLC Sells 43,330 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Jane Street Group LLC trimmed its stake in shares of Encore Capital Group, Inc. (NASDAQ:ECPG - Free Report) by 87.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,389 shares of the asset manager's stock after selling 43,330 shares during the period. Jane Street Group LLC's holdings in Encore Capital Group were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ECPG. Barclays PLC raised its holdings in shares of Encore Capital Group by 22.9% during the third quarter. Barclays PLC now owns 197,903 shares of the asset manager's stock valued at $9,355,000 after purchasing an additional 36,822 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Encore Capital Group by 5.1% during the fourth quarter. Empowered Funds LLC now owns 89,104 shares of the asset manager's stock valued at $4,256,000 after purchasing an additional 4,292 shares during the last quarter. Shaker Investments LLC OH raised its holdings in shares of Encore Capital Group by 27.7% during the fourth quarter. Shaker Investments LLC OH now owns 45,092 shares of the asset manager's stock valued at $2,154,000 after purchasing an additional 9,768 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Encore Capital Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 114,862 shares of the asset manager's stock valued at $5,487,000 after purchasing an additional 3,197 shares during the last quarter. Finally, Sigma Planning Corp raised its holdings in shares of Encore Capital Group by 317.0% during the fourth quarter. Sigma Planning Corp now owns 13,080 shares of the asset manager's stock valued at $625,000 after purchasing an additional 9,943 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen raised shares of Encore Capital Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Truist Financial reduced their target price on shares of Encore Capital Group from $64.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $62.67.

Encore Capital Group Stock Performance

ECPG stock traded up $1.16 during midday trading on Friday, reaching $38.41. 160,297 shares of the company's stock traded hands, compared to its average volume of 206,910. Encore Capital Group, Inc. has a 52-week low of $26.45 and a 52-week high of $51.77. The stock has a market cap of $896.84 million, a P/E ratio of -4.89 and a beta of 1.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39. The stock's 50-day moving average is $35.15 and its 200 day moving average is $41.77.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The asset manager reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.69. The business had revenue of $392.78 million during the quarter, compared to analysts' expectations of $374.49 million. Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. The firm's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 earnings per share. As a group, analysts anticipate that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Encore Capital Group Profile

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.