The stock of Encore Capital Group, Inc. (NASDAQ:ECPG) is a huge mover today! About 842,131 shares traded hands or 214.84% up from the average. Encore Capital Group, Inc. (NASDAQ:ECPG) has declined 21.60% since April 6, 2016 and is downtrending. It has underperformed by 23.56% the S&P500.
The move comes after 7 months negative chart setup for the $493.61M company. It was reported on Nov, 8 by Barchart.com. We have $16.68 PT which if reached, will make NASDAQ:ECPG worth $59.23 million less.
Encore Capital Group, Inc. (NASDAQ:ECPG) Ratings Coverage
Out of 4 analysts covering Encore Capital Group Inc (NASDAQ:ECPG), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Encore Capital Group Inc has been the topic of 6 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Suntrust Robinson maintained Encore Capital Group, Inc. (NASDAQ:ECPG) on Thursday, November 12 with “Buy” rating. The stock of Encore Capital Group, Inc. (NASDAQ:ECPG) earned “Outperform” rating by Northland Capital on Tuesday, March 22. On Thursday, October 8 the stock rating was upgraded by Citigroup to “Buy”. The stock of Encore Capital Group, Inc. (NASDAQ:ECPG) has “Neutral” rating given on Tuesday, September 20 by Citigroup. The stock of Encore Capital Group, Inc. (NASDAQ:ECPG) has “Outperform” rating given on Tuesday, August 11 by Macquarie Research.
According to Zacks Investment Research, “Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans. Encore’s success and future growth are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioral science, the significant cost advantages provided by its highly-efficient operating model and proven investment strategy, and the company’s demonstrated commitment to conducting business ethically and in ways that support its consumers’ financial recovery.”
Insitutional Activity: The institutional sentiment decreased to 0.58 in 2016 Q2. Its down 0.60, from 1.18 in 2016Q1. The ratio dropped, as 30 funds sold all Encore Capital Group, Inc. shares owned while 54 reduced positions. 13 funds bought stakes while 36 increased positions. They now own 29.90 million shares or 2.66% less from 30.71 million shares in 2016Q1.
Blackrock Grp Inc Limited has 0% invested in the company for 29,691 shares. Blackrock Fund Advisors accumulated 0.01% or 1.52 million shares. State Of Tennessee Treasury Department accumulated 0% or 19,049 shares. Great West Life Assurance Communications Can last reported 0% of its portfolio in the stock. Lsv Asset, a Illinois-based fund reported 19,000 shares. Thrivent For Lutherans has 165,360 shares for 0.02% of their US portfolio. Lazard Asset Mgmt Ltd Com, a New York-based fund reported 70,668 shares. Stevens Cap Management L P, a Pennsylvania-based fund reported 10,303 shares. Amer Group Inc Inc has 0% invested in the company for 17,709 shares. Quantbot Tech Limited Partnership holds 0% of its portfolio in Encore Capital Group, Inc. (NASDAQ:ECPG) for 1,272 shares. The Pennsylvania-based Nationwide Fund Advsr has invested 0.01% in Encore Capital Group, Inc. (NASDAQ:ECPG). Huntington Bank & Trust owns 1,384 shares or 0% of their US portfolio. Us Commercial Bank De has 0% invested in the company for 5,057 shares. Swiss Savings Bank holds 0% or 40,000 shares in its portfolio. Ls Advsrs Ltd has invested 0% of its portfolio in Encore Capital Group, Inc. (NASDAQ:ECPG).
Insider Transactions: Since August 8, 2016, the stock had 1 insider buy, and 0 insider sales for $521,150 net activity. 25,000 shares were bought by MESDAG WILLEM, worth $521,150 on Monday, August 8.
More recent Encore Capital Group, Inc. (NASDAQ:ECPG) news were published by: Globenewswire.com which released: “Encore Capital Group Enters Agreement to Sell Propel Financial Services to …” on February 24, 2016. Also Seekingalpha.com published the news titled: “Encore Capital Group’s (ECPG) CEO Ken Vecchione on Q2 2016 Results – Earnings …” on August 07, 2016. Seekingalpha.com‘s news article titled: “Encore Capital Group’s (ECPG) CEO Ken Vecchione on Q1 2016 Results – Earnings …” with publication date: May 11, 2016 was also an interesting one.
ECPG Company Profile
Encore Capital Group, Inc., incorporated on April 29, 1999, through its subsidiaries, is a specialty finance firm providing debt recovery solutions for clients and property owners across a range of financial assets. The Firm operates through two divisions: Portfolio Purchasing and Recovery, and Tax Lien Business. The Company’s portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. In addition, the Company assists property owners delinquenting on their property taxes by structuring monthly payment plans and purchases delinquent tax liens directly from taxing authorities.
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