Teachers Retirement System of The State of Kentucky continued to hold its stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) during the first quarter, Holdings Channel reports. The fund owned 6,700 shares of the asset manager’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Encore Capital Group were worth $206,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mason Street Advisors LLC increased 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 worth $170,000 after buying an additional 374 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in Encore Capital Group during the first quarter worth $212,000. Russell Investments Group Ltd. purchased a new position in Encore Capital Group during the first quarter worth $232,000. Highbridge Capital Management LLC purchased a new position in Encore Capital Group during the first quarter worth $260,000. Finally, United Services Automobile Association purchased a new position in Encore Capital Group during the first quarter worth $290,000.

Encore Capital Group Inc (NASDAQ:ECPG) traded down 2.31% on Friday, hitting $40.10. 366,204 shares of the company were exchanged. The firm’s 50 day moving average is $40.51 and its 200 day moving average is $35.48. The company has a market capitalization of $1.03 billion, a P/E ratio of 16.43 and a beta of 1.76. 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 released its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The firm had revenue of $290.92 million during the quarter, compared to the consensus estimate of $275.18 million. During the same quarter in the prior year, the firm earned $1.29 EPS. Encore Capital Group’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that Encore Capital Group Inc will post $3.69 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on ECPG shares. Zacks Investment Research cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods started coverage on shares of Encore Capital Group in a research note on Wednesday, May 24th. They set an “outperform” rating and a $45.00 target price on the stock. BidaskClub cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Northland Securities restated a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a research note on Friday, August 4th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.58.

About Encore Capital Group

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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