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

Shaker Investments LLC OH raised its position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG) by 27.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,092 shares of the asset manager’s stock after acquiring an additional 9,768 shares during the period. Shaker Investments LLC OH owned approximately 0.19% of Encore Capital Group worth $2,154,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Phase 2 Partners LLC increased its holdings in shares of Encore Capital Group by 219.9% during the third quarter. Phase 2 Partners LLC now owns 241,509 shares of the asset manager’s stock worth $11,416,000 after purchasing an additional 166,014 shares during the period. Wellington Management Group LLP grew its position in Encore Capital Group by 16.0% during the third quarter. Wellington Management Group LLP now owns 756,335 shares of the asset manager’s stock worth $35,752,000 after buying an additional 104,509 shares in the last quarter. Barclays PLC increased its stake in Encore Capital Group by 22.9% during the 3rd quarter. Barclays PLC now owns 197,903 shares of the asset manager’s stock worth $9,355,000 after acquiring an additional 36,822 shares during the period. Jane Street Group LLC lifted its position in shares of Encore Capital Group by 191.7% during the 3rd quarter. Jane Street Group LLC now owns 49,719 shares of the asset manager’s stock valued at $2,350,000 after acquiring an additional 32,672 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Encore Capital Group by 60.0% during the 2nd quarter. Millennium Management LLC now owns 80,170 shares of the asset manager’s stock worth $3,345,000 after purchasing an additional 30,052 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Encore Capital Group Stock Performance

NASDAQ ECPG opened at $50.50 on Tuesday. Encore Capital Group, Inc. has a twelve month low of $39.64 and a twelve month high of $54.55. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.11 and a quick ratio of 1.11. The business’s fifty day moving average is $48.47 and its 200 day moving average is $47.97.

Insider Activity

In other news, Director Laura Olle sold 1,340 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $49.16, for a total transaction of $65,874.40. Following the completion of the transaction, the director now owns 32,381 shares of the company’s stock, valued at approximately $1,591,849.96. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.63% of the company’s stock.

Encore Capital Group 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.