UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.48 Million Stock Holdings in Encore Capital Group, Inc. (NASDAQ:ECPG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,793 shares of the asset manager's stock after purchasing an additional 17,470 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Encore Capital Group worth $3,477,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Bank of America Corp DE grew its position 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 purchasing an additional 8,213 shares during the period. Man Group plc bought a new position in Encore Capital Group in the fourth quarter valued at approximately $405,000. Deutsche Bank AG lifted its stake in Encore Capital Group by 44.4% in the fourth 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 in the last quarter. Sigma Planning Corp boosted its holdings in shares of Encore Capital Group by 317.0% in the fourth quarter. Sigma Planning Corp now owns 13,080 shares of the asset manager's stock valued at $625,000 after buying an additional 9,943 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Encore Capital Group by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 512,042 shares of the asset manager's stock valued at $24,460,000 after buying an additional 30,545 shares during the period.

Encore Capital Group Stock Up 3.1%

NASDAQ:ECPG traded up $1.16 during trading hours on Friday, reaching $38.41. 160,297 shares of the stock were exchanged, compared to its average volume of 207,292. The stock has a market cap of $896.84 million, a PE ratio of -4.89 and a beta of 1.61. Encore Capital Group, Inc. has a twelve month low of $26.45 and a twelve month high of $51.77. The firm has a 50 day moving average of $35.15 and a 200 day moving average of $41.69. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.11 and a quick ratio of 1.11.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The asset manager reported $1.93 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $392.78 million for the quarter, compared to analyst estimates of $374.49 million. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts expect that Encore Capital Group, Inc. will post 5.09 earnings per share for the current year.

Analyst Ratings Changes

ECPG has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Encore Capital Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Truist Financial lowered their target price on 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 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $62.67.

Encore Capital Group Company 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.