Abrams Bison Investments LLC Decreased Its Credit Accep Corp Mich (CACC) Stake by $8.38 Million; Shares Rose

June 16, 2018 - By James Guidry

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.18, from 1.04 in 2017Q4. It dived, as 32 investors sold CACC shares while 55 reduced holdings. 29 funds opened positions while 46 raised stakes. 11.67 million shares or 9.12% less from 12.84 million shares in 2017Q4 were reported. Pathstone Family Office Lc accumulated 125 shares. Rathbone Brothers Public Ltd Co accumulated 750 shares. Guggenheim Cap Limited Liability Corp has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Cambridge Inv Rech Advsrs invested 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Wellington Mgmt Group Llp reported 0.05% in Credit Acceptance Corporation (NASDAQ:CACC). Brandywine Global Invest Mgmt Ltd Llc has invested 0.03% in Credit Acceptance Corporation (NASDAQ:CACC). Envestnet Asset Mngmt Incorporated stated it has 2,298 shares or 0% of all its holdings. Strategic Global Advisors Ltd owns 0.37% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 3,298 shares. Aqr Cap Mgmt Ltd Liability Corp holds 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 36,392 shares. Credit Suisse Ag invested in 11,727 shares or 0% of the stock. Ubs Asset Mngmt Americas reported 11,460 shares. Hightower Advisors Limited Co accumulated 731 shares. Tuttle Tactical holds 3,972 shares or 1.06% of its portfolio. Legal General Pcl owns 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 5,362 shares. Norman Fields Gottscho Cap Management Limited Company has 900 shares for 0.16% of their portfolio.

Since February 5, 2018, it had 0 insider purchases, and 3 selling transactions for $1.83 million activity. BUSK DOUGLAS W had sold 1,000 shares worth $319,860 on Monday, February 5. Booth Kenneth sold $669,000 worth of Credit Acceptance Corporation (NASDAQ:CACC) on Tuesday, March 6.

Gavin M. Abrams decreased its stake in Credit Accep Corp Mich (CACC) by 2.66% based on its latest 2018Q1 regulatory filing with the SEC. Abrams Bison Investments Llc sold 25,404 shares as the company’s stock rose 13.61% while stock markets declined. The hedge fund run by Gavin M. Abrams held 930,000 shares of the consumer services company at the end of 2018Q1, valued at $307.28 million, down from 955,404 at the end of the previous reported quarter. Abrams Bison Investments Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $7.01 billion market cap company. The stock decreased 0.23% or $0.85 during the last trading session, reaching $361.15. About 79,639 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 65.09% since June 16, 2017 and is uptrending. It has outperformed by 52.52% the S&P500.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on July, 30. They expect $6.47 EPS, up 23.95 % or $1.25 from last year’s $5.22 per share. CACC’s profit will be $125.57M for 13.95 P/E if the $6.47 EPS becomes a reality. After $6.11 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 5.89 % EPS growth.

More news for Credit Acceptance Corporation (NASDAQ:CACC) were recently published by: Globenewswire.com, which released: “Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing” on May 24, 2018. Nasdaq.com‘s article titled: “Recent Analysis Shows Credit Acceptance, Hanmi Financial, Upland Software, John B. Sanfilippo & Son, Green, and …” and published on May 25, 2018 is yet another important article.

Credit Acceptance Corporation (NASDAQ:CACC) Ratings Coverage

Among 5 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Credit Acceptance Corp has $36500 highest and $257.0 lowest target. $321.40’s average target is -11.01% below currents $361.15 stock price. Credit Acceptance Corp had 7 analyst reports since January 2, 2018 according to SRatingsIntel. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Hold” rating by Jefferies on Wednesday, January 10. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Hold” rating given on Thursday, January 4 by Susquehanna. The rating was maintained by Susquehanna with “Hold” on Tuesday, January 30. Stephens maintained it with “Sell” rating and $257.0 target in Tuesday, January 2 report. The rating was maintained by BMO Capital Markets on Wednesday, January 31 with “Hold”. Oppenheimer maintained it with “Buy” rating and $36500 target in Thursday, April 12 report. Oppenheimer initiated Credit Acceptance Corporation (NASDAQ:CACC) on Monday, January 8 with “Buy” rating.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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