Stoneridge Investment Partners LLC decreased its stake in Encore Capital Group Inc (NASDAQ:ECPG) by 71.3% during the second quarter, Holdings Channel reports. The firm owned 8,965 shares of the asset manager’s stock after selling 22,226 shares during the period. Stoneridge Investment Partners LLC’s holdings in Encore Capital Group were worth $360,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Encore Capital Group by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock valued at $187,000 after buying an additional 2,072 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Encore Capital Group during the second quarter valued at about $201,000. Mason Street Advisors LLC raised its stake in shares of Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock valued at $170,000 after buying an additional 374 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of Encore Capital Group during the first quarter valued at about $212,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Encore Capital Group during the first quarter valued at about $232,000.

Shares of Encore Capital Group Inc (ECPG) opened at 40.10 on Friday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 16.43 and a beta of 1.76. The firm’s 50-day moving average price is $40.51 and its 200 day moving average price is $35.48. Encore Capital Group Inc has a 52 week low of $17.66 and a 52 week high of $43.65.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million during the quarter, compared to analyst estimates of $275.18 million. Encore Capital Group had a return on equity of 12.38% and a net margin of 6.28%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. On average, equities research analysts forecast that Encore Capital Group Inc will post $3.69 EPS for the current year.

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Several equities research analysts have issued reports on the company. Northland Securities reaffirmed a “hold” rating and set a $44.00 price target on shares of Encore Capital Group in a research note on Friday, August 4th. BidaskClub lowered Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $49.50 price target on shares of Encore Capital Group in a research note on Thursday. Finally, Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Encore Capital Group presently has a consensus rating of “Hold” and an average price target of $37.58.

Encore Capital Group Company Profile

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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