Nordea Investment Management AB Purchases 1,485 Shares of Encore Capital Group, Inc. (NASDAQ:ECPG)

Nordea Investment Management AB increased its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,728 shares of the asset manager’s stock after purchasing an additional 1,485 shares during the quarter. Nordea Investment Management AB owned approximately 0.44% of Encore Capital Group worth $3,695,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in shares of Encore Capital Group by 3.4% in the first quarter. Clearbridge Investments LLC now owns 453,490 shares of the asset manager’s stock valued at $12,349,000 after acquiring an additional 14,930 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Encore Capital Group in the 1st quarter valued at approximately $6,671,000. Dynamic Technology Lab Private Ltd purchased a new stake in Encore Capital Group in the 1st quarter worth approximately $346,000. Ontario Teachers Pension Plan Board purchased a new stake in Encore Capital Group in the 1st quarter worth approximately $421,000. Finally, Laurion Capital Management LP purchased a new stake in Encore Capital Group in the 1st quarter worth approximately $3,589,000.

NASDAQ:ECPG traded up $0.45 during midday trading on Thursday, reaching $34.30. The stock had a trading volume of 89,744 shares, compared to its average volume of 255,209. Encore Capital Group, Inc. has a 1-year low of $20.38 and a 1-year high of $41.50. The business has a fifty day moving average price of $34.86. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $1.05 billion, a PE ratio of 6.89, a P/E/G ratio of 0.48 and a beta of 1.50.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Wednesday, May 8th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.26. Encore Capital Group had a net margin of 10.37% and a return on equity of 21.02%. The business had revenue of $347.08 million for the quarter, compared to analyst estimates of $349.76 million. As a group, equities research analysts expect that Encore Capital Group, Inc. will post 5.48 EPS for the current year.

ECPG has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Oppenheimer set a $119.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, ValuEngine lowered shares of Yirendai from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.20.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of 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.

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

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