BloombergSen Inc. cut its position in shares of Encore Capital Group, Inc. (NASDAQ:ECPG – Get Rating) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,101,740 shares of the asset manager’s stock after selling 80,921 shares during the quarter. Encore Capital Group accounts for 3.4% of BloombergSen Inc.’s portfolio, making the stock its 12th largest position. BloombergSen Inc. owned about 4.71% of Encore Capital Group worth $50,107,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Encore Capital Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,893,250 shares of the asset manager’s stock valued at $86,107,000 after purchasing an additional 59,170 shares during the period. FMR LLC grew its holdings in shares of Encore Capital Group by 2.6% in the 2nd quarter. FMR LLC now owns 1,594,855 shares of the asset manager’s stock worth $92,135,000 after acquiring an additional 40,732 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Encore Capital Group by 10.4% in the 2nd quarter. Principal Financial Group Inc. now owns 899,511 shares of the asset manager’s stock worth $51,964,000 after acquiring an additional 84,376 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Encore Capital Group by 46.6% in the 3rd quarter. Bank of Montreal Can now owns 721,383 shares of the asset manager’s stock worth $38,125,000 after acquiring an additional 229,365 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Encore Capital Group by 582.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 468,465 shares of the asset manager’s stock worth $27,063,000 after acquiring an additional 399,793 shares during the last quarter.
Encore Capital Group Stock Performance
Shares of NASDAQ ECPG opened at $57.38 on Monday. Encore Capital Group, Inc. has a 52-week low of $44.06 and a 52-week high of $72.73. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 4.61 and a beta of 1.44. The stock’s fifty day simple moving average is $51.54 and its 200 day simple moving average is $51.58.
Analysts Set New Price Targets
Separately, JMP Securities decreased their target price on Encore Capital Group from $74.00 to $68.00 in a report on Thursday, November 3rd.
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.