Jane Street Group LLC Has $305,000 Holdings in Encore Capital Group, Inc. (NASDAQ:ECPG)

Jane Street Group LLC cut its holdings in Encore Capital Group, Inc. (NASDAQ:ECPG - Free Report) by 87.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its stake in Encore Capital Group by 120.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 530 shares of the asset manager's stock valued at $25,000 after acquiring an additional 290 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Encore Capital Group during the 4th quarter worth approximately $28,000. Sterling Capital Management LLC increased its position in shares of Encore Capital Group by 827.2% during the fourth quarter. Sterling Capital Management LLC now owns 751 shares of the asset manager's stock valued at $36,000 after purchasing an additional 670 shares during the period. Huntington National Bank raised its stake in shares of Encore Capital Group by 152.5% in the fourth quarter. Huntington National Bank now owns 1,333 shares of the asset manager's stock valued at $64,000 after purchasing an additional 805 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Encore Capital Group in the fourth quarter worth $150,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ECPG. Wall Street Zen upgraded shares of Encore Capital Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Truist Financial decreased their target price on shares of Encore Capital Group from $64.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $62.67.

Encore Capital Group Price Performance

ECPG stock traded down $0.74 during trading on Thursday, hitting $37.56. The company had a trading volume of 100,648 shares, compared to its average volume of 297,986. The company has a fifty day moving average price of $35.03 and a two-hundred day moving average price of $41.93. Encore Capital Group, Inc. has a fifty-two week low of $26.45 and a fifty-two week high of $51.77. The company has a market cap of $876.87 million, a P/E ratio of -4.78 and a beta of 1.65. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39.

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