KBC Group NV Has $65,000 Stock Position in Encore Capital Group, Inc. (NASDAQ:ECPG)

KBC Group NV raised its position in Encore Capital Group, Inc. (NASDAQ:ECPG) by 54.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,365 shares of the asset manager’s stock after acquiring an additional 484 shares during the period. KBC Group NV’s holdings in Encore Capital Group were worth $65,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stephens Investment Management Group LLC grew its position in Encore Capital Group by 0.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,137,752 shares of the asset manager’s stock valued at $53,782,000 after purchasing an additional 5,373 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Encore Capital Group by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 182,117 shares of the asset manager’s stock valued at $7,600,000 after buying an additional 1,650 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Encore Capital Group by 221.1% during the second quarter. Marshall Wace LLP now owns 130,127 shares of the asset manager’s stock valued at $5,430,000 after buying an additional 89,596 shares during the last quarter. Millennium Management LLC increased its position in shares of Encore Capital Group by 60.0% during the second quarter. Millennium Management LLC now owns 80,170 shares of the asset manager’s stock worth $3,345,000 after acquiring an additional 30,052 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Encore Capital Group by 14.0% in the 2nd quarter. Sei Investments Co. now owns 73,105 shares of the asset manager’s stock worth $3,051,000 after acquiring an additional 8,991 shares during the last quarter.

Encore Capital Group Stock Up 2.3 %

ECPG stock opened at $49.14 on Friday. Encore Capital Group, Inc. has a 1-year low of $39.64 and a 1-year high of $54.55. The stock has a market cap of $1.16 billion, a P/E ratio of -6.26 and a beta of 1.56. The stock’s fifty day simple moving average is $46.98 and its two-hundred day simple moving average is $46.16. 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) last announced its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.26 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.22). Encore Capital Group had a positive return on equity of 12.70% and a negative net margin of 13.91%. The company had revenue of $367.07 million during the quarter, compared to the consensus estimate of $360.70 million. During the same period in the prior year, the firm posted $0.79 EPS. The business’s revenue was up 18.6% on a year-over-year basis. Analysts expect that Encore Capital Group, Inc. will post 5.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ECPG. StockNews.com downgraded Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial cut their target price on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. JMP Securities increased their price target on Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a research report on Thursday, November 7th. Northland Securities raised shares of Encore Capital Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $55.00 to $58.00 in a report on Thursday, October 17th. Finally, Northland Capmk upgraded shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $62.33.

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.