FMR LLC & Abigail Johnson Maintain 7.136% Stake in Encore Capital
Ticker: ECPG · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1084961
| Field | Detail |
|---|---|
| Company | Encore Capital Group Inc (ECPG) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**FMR LLC and Abigail Johnson still own 7.136% of Encore Capital, showing continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Encore Capital Group Inc. (ENCORE CAP GROUP INC) to 7.136% as of February 9, 2024. This represents a beneficial ownership of 1,679,092 shares of common stock. This filing matters to investors because it shows a significant institutional holder maintaining a substantial position, indicating continued confidence in the company's prospects, or at least no major divestment.
Why It Matters
This filing indicates that a major institutional investor, FMR LLC, and its key executive, Abigail P. Johnson, continue to hold a significant portion of Encore Capital Group Inc., which can be seen as a vote of confidence in the company's stability and future performance.
Risk Assessment
Risk Level: low — This filing is an amendment to an existing ownership disclosure, indicating a stable or slightly adjusted position by a major investor, which generally presents low risk.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, and its principal, Abigail P. Johnson, are maintaining their substantial 7.136% stake in Encore Capital Group Inc. This suggests a stable institutional presence, but without further context on previous filings, it's difficult to determine if this is an increase or decrease from their prior position. It's prudent to monitor future 13G/A filings for any significant changes in their ownership percentage.
Key Numbers
- 7.136% — Percentage of Class Owned (This is the total percentage of Encore Capital Group Inc. common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 1,679,092 — Shares Beneficially Owned (This is the total number of common shares of Encore Capital Group Inc. that FMR LLC and Abigail P. Johnson beneficially own.)
- 20240209 — Date of Filing (This is the date the SC 13G/A amendment was filed, indicating the recency of the reported ownership.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- ENCORE CAPITAL GROUP INC (company) — the issuer of the securities
- 7.136% (dollar_amount) — percentage of class beneficially owned
- 1,679,092 (dollar_amount) — total shares beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant stake in Encore Capital Group Inc. for the foreseeable future. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 for both reporting persons.
What is the total percentage of Encore Capital Group Inc. common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson each beneficially own 7.136% of the common stock of Encore Capital Group Inc., as indicated in Item 11 for both reporting persons.
How many shares of Encore Capital Group Inc. common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 1,679,092 shares of Encore Capital Group Inc. common stock, as shown in Item 7 and Item 9 for both reporting persons.
What is the CUSIP number for Encore Capital Group Inc. common stock?
The CUSIP number for Encore Capital Group Inc. common stock is 292554102, as stated in Item 2(e) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further specified in Item 3.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding ENCORE CAPITAL GROUP INC (ECPG).