Shaker Investments LLC OH Has $2.15 Million Stock Holdings in Encore Capital Group, Inc. (NASDAQ:ECPG)

Shaker Investments LLC OH grew its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 27.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,092 shares of the asset manager’s stock after acquiring an additional 9,768 shares during the period. Shaker Investments LLC OH’s holdings in Encore Capital Group were worth $2,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ECPG. Stephens Investment Management Group LLC boosted its stake in Encore Capital Group by 0.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,137,752 shares of the asset manager’s stock valued at $53,782,000 after purchasing an additional 5,373 shares during the last quarter. State Street Corp boosted its stake in Encore Capital Group by 0.3% in the third quarter. State Street Corp now owns 900,677 shares of the asset manager’s stock valued at $42,575,000 after acquiring an additional 2,597 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Encore Capital Group by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 756,335 shares of the asset manager’s stock worth $35,752,000 after purchasing an additional 104,509 shares during the last quarter. Geode Capital Management LLC lifted its stake in Encore Capital Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 570,047 shares of the asset manager’s stock valued at $26,952,000 after purchasing an additional 13,648 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Encore Capital Group by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 481,497 shares of the asset manager’s stock valued at $22,760,000 after purchasing an additional 18,467 shares during the period.

Insider Activity at Encore Capital Group

In other Encore Capital Group news, Director Laura Olle sold 1,340 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $49.16, for a total transaction of $65,874.40. Following the sale, the director now owns 32,381 shares in the company, valued at $1,591,849.96. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Northland Capmk raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Northland Securities increased their target price on Encore Capital Group from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd. JMP Securities increased their price target on shares of Encore Capital Group from $60.00 to $65.00 and gave the stock a “market outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com raised shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $65.00.

Encore Capital Group Stock Performance

Shares of ECPG opened at $50.50 on Tuesday. Encore Capital Group, Inc. has a 12-month low of $39.64 and a 12-month high of $54.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39. The stock has a 50-day moving average price of $48.47 and a 200-day moving average price of $47.97.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.