Encore Capital Group, Inc. (NASDAQ:ECPG) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPGGet Rating) by 22.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,800 shares of the asset manager’s stock after purchasing an additional 4,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.11% of Encore Capital Group worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Sigma Planning Corp grew its holdings in shares of Encore Capital Group by 17.9% during the 2nd quarter. Sigma Planning Corp now owns 10,752 shares of the asset manager’s stock worth $621,000 after purchasing an additional 1,629 shares during the period. Martingale Asset Management L P purchased a new position in shares of Encore Capital Group during the 2nd quarter worth $909,000. Bank of Montreal Can grew its holdings in shares of Encore Capital Group by 17.4% during the 2nd quarter. Bank of Montreal Can now owns 492,018 shares of the asset manager’s stock worth $29,250,000 after purchasing an additional 73,019 shares during the period. JPMorgan Chase & Co. boosted its holdings in Encore Capital Group by 582.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 468,465 shares of the asset manager’s stock valued at $27,063,000 after acquiring an additional 399,793 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in Encore Capital Group by 14.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,074 shares of the asset manager’s stock valued at $235,000 after acquiring an additional 501 shares during the period.

Encore Capital Group Stock Performance

Shares of Encore Capital Group stock opened at $48.99 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 3.94 and a beta of 1.42. The business has a 50-day moving average of $48.04 and a 200 day moving average of $55.26. Encore Capital Group, Inc. has a 12 month low of $44.06 and a 12 month high of $72.73.

Analysts Set New Price Targets

ECPG has been the subject of a number of research analyst reports. JMP Securities lowered their target price on Encore Capital Group from $74.00 to $68.00 in a report on Thursday, November 3rd. StockNews.com initiated coverage on Encore Capital Group in a report on Wednesday, October 12th. They set a “hold” rating for the company.

About Encore Capital Group

(Get Rating)

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.

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

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