Thrivent Financial for Lutherans Reduces Position in Encore Capital Group, Inc. (NASDAQ:ECPG)

Thrivent Financial for Lutherans cut its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 27.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,351 shares of the asset manager’s stock after selling 9,406 shares during the period. Thrivent Financial for Lutherans’ holdings in Encore Capital Group were worth $1,201,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted its position in shares of Encore Capital Group by 5.3% during the second quarter. Mutual of America Capital Management LLC now owns 4,408 shares of the asset manager’s stock valued at $209,000 after buying an additional 221 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Encore Capital Group by 19.4% during the second quarter. Advisor Group Holdings Inc. now owns 1,418 shares of the asset manager’s stock valued at $67,000 after buying an additional 230 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Encore Capital Group by 1.1% during the second quarter. State of Alaska Department of Revenue now owns 21,458 shares of the asset manager’s stock valued at $1,016,000 after buying an additional 241 shares during the last quarter. CWM Advisors LLC boosted its position in Encore Capital Group by 3.1% in the second quarter. CWM Advisors LLC now owns 8,184 shares of the asset manager’s stock worth $388,000 after purchasing an additional 248 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Encore Capital Group by 0.9% in the second quarter. New York State Common Retirement Fund now owns 28,358 shares of the asset manager’s stock worth $1,344,000 after purchasing an additional 258 shares during the last quarter.

Shares of NASDAQ:ECPG opened at $58.88 on Thursday. The stock’s 50-day simple moving average is $53.09 and its two-hundred day simple moving average is $49.04. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.74 and a current ratio of 0.74. Encore Capital Group, Inc. has a 52-week low of $29.21 and a 52-week high of $60.75. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 5.97 and a beta of 1.51.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, November 3rd. The asset manager reported $2.66 EPS for the quarter, topping the consensus estimate of $2.12 by $0.54. Encore Capital Group had a return on equity of 24.63% and a net margin of 19.03%. The firm had revenue of $412.62 million for the quarter, compared to the consensus estimate of $372.31 million. During the same quarter last year, the company earned $2.31 earnings per share. As a group, equities analysts forecast that Encore Capital Group, Inc. will post 11.13 earnings per share for the current fiscal year.

Several research analysts have issued reports on the company. JMP Securities raised their target price on Encore Capital Group from $54.00 to $71.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 4th. Zacks Investment Research cut Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, November 8th.

Encore Capital Group Company Profile

Encore Capital Group, Inc engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.

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

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