Credit Accep Corp Mich Com (CACC) Shareholder Beck Mack & Oliver LLC Has Lowered Its Stake by $11.22 Million as Stock Value Rose

June 21, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.18, from 1.04 in 2017Q4. It is negative, 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. Great West Life Assurance Co Can invested in 0% or 782 shares. Moreover, Earnest Prtn Limited Liability Company has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 2 shares. Midas Mgmt holds 1.78% or 11,500 shares. Bloombergsen accumulated 425,571 shares. Rhumbline Advisers invested in 0.01% or 14,415 shares. Voya Management Limited Liability Corp owns 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 3,948 shares. Metropolitan Life Communications Ny holds 787 shares or 0% of its portfolio. Da Davidson reported 790 shares. 1,952 are held by Employees Retirement Association Of Colorado. Prescott General Limited Liability invested in 2.22M shares or 30.64% of the stock. Abrams Bison Invs Ltd accumulated 930,000 shares. Schwab Charles Investment Mgmt holds 0.02% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 82,862 shares. Aperio Grp Inc Lc has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Cibc Asset Management holds 669 shares or 0% of its portfolio. New York-based Mackay Shields Ltd Liability has invested 0.02% in Credit Acceptance Corporation (NASDAQ:CACC).

Since February 5, 2018, it had 0 insider purchases, and 3 sales for $1.83 million activity. Soave John S. sold $842,525 worth of Credit Acceptance Corporation (NASDAQ:CACC) on Friday, March 16. On Monday, February 5 BUSK DOUGLAS W sold $319,860 worth of Credit Acceptance Corporation (NASDAQ:CACC) or 1,000 shares.

Beck Mack & Oliver Llc decreased its stake in Credit Accep Corp Mich Com (CACC) by 10.45% based on its latest 2018Q1 regulatory filing with the SEC. Beck Mack & Oliver Llc sold 34,012 shares as the company’s stock rose 13.61% while stock markets declined. The institutional investor held 291,527 shares of the consumer services company at the end of 2018Q1, valued at $96.32M, down from 325,539 at the end of the previous reported quarter. Beck Mack & Oliver Llc who had been investing in Credit Accep Corp Mich Com for a number of months, seems to be less bullish one the $7.22 billion market cap company. The stock decreased 0.78% or $2.94 during the last trading session, reaching $371.85. About 30,253 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 65.09% since June 21, 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 $125.57 million for 14.37 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 important recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Seekingalpha.com which released: “Credit Acceptance: Loan Book Analysis” on June 18, 2018, also Nasdaq.com published article titled: “Credit Acceptance Named #4 Midsize Company on IDG’s Computerworld 2018 List of Best Places to Work in IT”, Nasdaq.com published: “Recent Analysis Shows Credit Acceptance, Hanmi Financial, Upland Software, John B. Sanfilippo & Son, Green, and …” on May 25, 2018. More interesting news about Credit Acceptance Corporation (NASDAQ:CACC) was released by: Globenewswire.com and their article: “Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing” with publication date: May 24, 2018.

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 -13.57% below currents $371.85 stock price. Credit Acceptance Corp had 7 analyst reports since January 2, 2018 according to SRatingsIntel. The rating was maintained by Stephens on Tuesday, January 2 with “Sell”. The company was initiated on Monday, January 8 by Oppenheimer. Oppenheimer maintained Credit Acceptance Corporation (NASDAQ:CACC) on Thursday, April 12 with “Buy” rating. The company was maintained on Thursday, January 4 by Susquehanna. As per Wednesday, January 31, the company rating was maintained by BMO Capital Markets. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Hold” rating by Susquehanna on Tuesday, January 30. The firm has “Hold” rating given on Wednesday, January 10 by Jefferies.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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