Brandywine Global Investment Management LLC lowered its holdings in Encore Capital Group Inc (NASDAQ:ECPG) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,605 shares of the asset manager’s stock after selling 1,669 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.27% of Encore Capital Group worth $2,755,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its position in shares of Encore Capital Group by 0.8% in the second quarter. Arizona State Retirement System now owns 12,357 shares of the asset manager’s stock worth $496,000 after acquiring an additional 100 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Encore Capital Group by 0.9% in the first quarter. OppenheimerFunds Inc. now owns 24,780 shares of the asset manager’s stock valued at $764,000 after purchasing an additional 230 shares during the period. Texas Permanent School Fund boosted its stake in shares of Encore Capital Group by 1.4% in the second quarter. Texas Permanent School Fund now owns 17,287 shares of the asset manager’s stock valued at $694,000 after purchasing an additional 237 shares during the period. Mason Street Advisors LLC boosted 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 purchasing an additional 374 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Encore Capital Group by 1.2% in the first quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock valued at $1,259,000 after purchasing an additional 498 shares during the period.

Several brokerages have recently weighed in on ECPG. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Northland Securities restated a “hold” rating and issued a $44.00 target price on shares of Encore Capital Group in a research note on Friday, August 4th. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $49.50 target price on shares of Encore Capital Group in a research note on Thursday, August 10th. Finally, BidaskClub downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.88.

Encore Capital Group Inc (ECPG) opened at 45.65 on Friday. The company has a market capitalization of $1.18 billion, a P/E ratio of 18.70 and a beta of 1.79. Encore Capital Group Inc has a 1-year low of $17.66 and a 1-year high of $46.10. The firm’s 50-day moving average is $41.28 and its 200-day moving average is $37.95.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $290.92 million for the quarter, compared to analyst estimates of $275.18 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Encore Capital Group’s revenue was up .5% compared to the same quarter last year. Equities research analysts predict that Encore Capital Group Inc will post $3.69 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Brandywine Global Investment Management LLC Sells 1,669 Shares of Encore Capital Group Inc (ECPG)” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/brandywine-global-investment-management-llc-sells-1669-shares-of-encore-capital-group-inc-ecpg/1617499.html.

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.

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

Receive News & Ratings for Encore Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.