Shares of Encore Capital Group Inc. (NASDAQ:ECPG) saw unusually-strong trading volume on Thursday . Approximately 374,829 shares were traded during trading, an increase of 64% from the previous session’s volume of 227,914 shares.The stock last traded at $24.12 and had previously closed at $24.90.

A number of analysts have commented on ECPG shares. JMP Securities restated a “buy” rating on shares of Encore Capital Group in a research note on Wednesday, June 8th. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, William Blair restated an “outperform” rating on shares of Encore Capital Group in a research note on Friday, May 6th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $42.33.

The stock has a 50 day moving average of $23.75 and a 200-day moving average of $24.28. The stock has a market capitalization of $622.89 million and a PE ratio of 15.52.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Tuesday, May 10th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.04. During the same quarter in the prior year, the business posted $1.23 EPS. The firm earned $289 million during the quarter, compared to the consensus estimate of $303.78 million. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts expect that Encore Capital Group Inc. will post $5.21 earnings per share for the current year.

A number of hedge funds have made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Encore Capital Group by 3.3% in the fourth quarter. Rhumbline Advisers now owns 39,690 shares of the company’s stock worth $1,154,000 after buying an additional 1,275 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Encore Capital Group by 10.8% in the fourth quarter. Bank of Montreal Can now owns 40,739 shares of the company’s stock worth $1,185,000 after buying an additional 3,976 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Encore Capital Group by 4.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 43,704 shares of the company’s stock worth $1,271,000 after buying an additional 1,686 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Encore Capital Group by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 48,235 shares of the company’s stock worth $1,403,000 after buying an additional 800 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Encore Capital Group by 22.0% in the fourth quarter. First Trust Advisors LP now owns 54,133 shares of the company’s stock worth $1,574,000 after buying an additional 9,750 shares during the last quarter.

Encore Capital Group, Inc is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company conducts business through two segments: portfolio purchasing and recovery, and tax lien business. The Company’s portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery.

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