Red Mountain Capital Partners LLC Lowered Encore Capital Group INC (ECPG) Holding as Stock Price Declined

Encore Capital Group, Inc. (NASDAQ:ECPG) LogoInvestors sentiment increased to 1.58 in Q2 2018. Its up 0.14, from 1.44 in 2018Q1. It improved, as 10 investors sold ECPG shares while 40 reduced holdings. 22 funds opened positions while 57 raised stakes. 26.44 million shares or 4.16% more from 25.38 million shares in 2018Q1 were reported. Balyasny Asset Lc accumulated 8,876 shares or 0% of the stock. Tiaa Cref Investment Lc has invested 0% in Encore Capital Group, Inc. (NASDAQ:ECPG). Amer holds 0% or 19,782 shares in its portfolio. State Of Tennessee Treasury Department holds 0% in Encore Capital Group, Inc. (NASDAQ:ECPG) or 16,639 shares. Alyeska Investment Gp LP stated it has 0.06% in Encore Capital Group, Inc. (NASDAQ:ECPG). Metropolitan Life Insurance Com New York owns 0% invested in Encore Capital Group, Inc. (NASDAQ:ECPG) for 8,108 shares. 19,709 are held by Art Limited Company. Riverhead Capital Mgmt Limited Liability Corporation holds 0.01% or 3,803 shares in its portfolio. Prudential Finance invested in 0.01% or 242,139 shares. Clearbridge Limited Liability Company stated it has 455,920 shares. Dimensional Fund Ltd Partnership reported 0.02% in Encore Capital Group, Inc. (NASDAQ:ECPG). Ls Inv Advsrs Ltd Com holds 0% of its portfolio in Encore Capital Group, Inc. (NASDAQ:ECPG) for 700 shares. Financial Bank Of Montreal Can accumulated 931 shares or 0% of the stock. Qs Investors Llc owns 0% invested in Encore Capital Group, Inc. (NASDAQ:ECPG) for 15 shares. Natl Bank Of America De stated it has 0% in Encore Capital Group, Inc. (NASDAQ:ECPG).

Since November 9, 2018, it had 2 buys, and 0 selling transactions for $784,050 activity. CLARK JONATHAN C also bought $480,800 worth of Encore Capital Group, Inc. (NASDAQ:ECPG) shares.

Red Mountain Capital Partners Llc decreased its stake in Encore Capital Group Inc (ECPG) by 41.12% based on its latest 2018Q2 regulatory filing with the SEC. Red Mountain Capital Partners Llc sold 328,633 shares as the company’s stock declined 3.01% while stock markets rallied. The hedge fund held 470,544 shares of the finance company at the end of 2018Q2, valued at $17.22 million, down from 799,177 at the end of the previous reported quarter. Red Mountain Capital Partners Llc who had been investing in Encore Capital Group Inc for a number of months, seems to be less bullish one the $767.60 million market cap company. The stock decreased 4.12% or $1.07 during the last trading session, reaching $24.88. About 531,696 shares traded or 35.76% up from the average. Encore Capital Group, Inc. (NASDAQ:ECPG) has declined 8.19% since December 8, 2017 and is downtrending. It has underperformed by 23.81% the S&P500.

Analysts await Encore Capital Group, Inc. (NASDAQ:ECPG) to report earnings on February, 20. They expect $1.24 EPS, up 18.10 % or $0.19 from last year’s $1.05 per share. ECPG’s profit will be $38.26M for 5.02 P/E if the $1.24 EPS becomes a reality. After $1.19 actual EPS reported by Encore Capital Group, Inc. for the previous quarter, Wall Street now forecasts 4.20 % EPS growth.

More notable recent Encore Capital Group, Inc. (NASDAQ:ECPG) news were published by: Nasdaq.com which released: “Encore Enters Settlement Agreement with 42 States and the District of Columbia – Nasdaq” on December 04, 2018, also Nasdaq.com with their article: “Encore Capital Group (ECPG) Matches Q3 Earnings Estimates – Nasdaq” published on November 07, 2018, Seekingalpha.com published: “General Electric Is A Wait And Watch Story – Cramer’s Lightning Round (9/13/18) – Seeking Alpha” on September 14, 2018. More interesting news about Encore Capital Group, Inc. (NASDAQ:ECPG) were released by: Globenewswire.com and their article: “Representatives From Encore Capital Group to Speak at Prestigious Conference on Cyber Security – GlobeNewswire” published on September 12, 2018 as well as Zacks.com‘s news article titled: “ECPG or FCFS: Which Is the Better Value Stock Right Now? – Zacks.com” with publication date: May 29, 2018.

Encore Capital Group, Inc. (NASDAQ:ECPG) Ratings Coverage

Among 2 analysts covering Encore Capital Gr (NASDAQ:ECPG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Encore Capital Gr had 2 analyst reports since August 9, 2018 according to SRatingsIntel. The rating was downgraded by Oppenheimer on Tuesday, October 2 to “Perform”. Northland Capital upgraded the stock to “Outperform” rating in Thursday, August 9 report.

Encore Capital Group, Inc. (NASDAQ:ECPG) Institutional Positions Chart

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