Sigma Planning Corp purchased a new stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,614 shares of the asset manager’s stock, valued at approximately $249,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Encore Capital Group by 110.6% in the 2nd quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock worth $52,142,000 after acquiring an additional 682,097 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Encore Capital Group by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 2,128,159 shares of the asset manager’s stock worth $65,547,000 after acquiring an additional 169,254 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Encore Capital Group by 417.6% in the 2nd quarter. SG Americas Securities LLC now owns 201,483 shares of the asset manager’s stock worth $8,090,000 after acquiring an additional 162,554 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Encore Capital Group by 5.3% in the 2nd quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock worth $95,159,000 after acquiring an additional 119,655 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Encore Capital Group by 13.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 839,303 shares of the asset manager’s stock worth $33,696,000 after acquiring an additional 102,413 shares during the last quarter.

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Shares of Encore Capital Group Inc (NASDAQ:ECPG) traded down $0.60 during trading on Friday, hitting $46.20. The stock had a trading volume of 506,923 shares, compared to its average volume of 281,567. The firm has a market capitalization of $1,190.00, a PE ratio of 13.14 and a beta of 1.84. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60. Encore Capital Group Inc has a 1-year low of $26.25 and a 1-year high of $52.00.

ECPG has been the topic of a number of recent research reports. ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research cut Encore Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub cut Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $57.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, Northland Securities reaffirmed a “hold” rating and issued a $49.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $43.50.

About Encore Capital Group

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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