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Main » Credit Acceptance Corp. (NASDAQ:CACC) Major Shareholder Sells $10541992.78 in Stock

Credit Acceptance Corp. (NASDAQ:CACC) Major Shareholder Sells $10541992.78 in Stock

14 January 2018

CACC's profit would be $107.07 million giving it 15.42 P/E if the $5.53 EPS is correct. After having $1.10 EPS previously, World Acceptance Corporation's analysts see -13.64% EPS growth. JPMorgan Chase & Co. now owns 17,829 shares of the credit services provider's stock worth $1,336,000 after purchasing an additional 3,833 shares during the last quarter. The company had a trading volume of 147,200 shares, compared to its average volume of 153,457. Credit Acceptance Corporation (NASDAQ:CACC) has risen 27.46% since January 13, 2017 and is uptrending. It has outperformed by 10.76% the S&P500.

Mark Sheptoff Financial Planning Llc decreased its stake in Conagra Brands Inc (CAG) by 98.79% based on its latest 2017Q3 regulatory filing with the SEC.

In related news, major shareholder Donald A. Foss sold 404 shares of Credit Acceptance Corp. stock in a transaction that occurred on Friday, December 30th. The institutional investor held 458,071 shares of the consumer services company at the end of 2017Q3, valued at $128.34 million, down from 460,004 at the end of the previous reported quarter. Priceline Grp Inc now has $93.61B valuation. The stock increased 1.09% or $1.3 during the last trading session, reaching $121. About 62,791 shares traded. Salient Midstream & MLP Fund (NYSE:SMM) has 0.00% since January 13, 2017 and is. It has underperformed by 9.16% the S&P500.

Investors sentiment increased to 0.99 in 2017 Q3. The credit services provider reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.83).

Fukoku Mutual Life Insurance Company increased Unitedhealth Group Inc (NYSE:UNH) stake by 9,300 shares to 12,700 valued at $2.49M in 2017Q3. 50 funds opened positions while 127 raised stakes. Asset Management Inc invested in 0.15% or 755,239 shares. Hudson Valley Advsr Inc Adv reported 0.05% of its portfolio in New Residential Investment Corp. (NYSE:ENV). Pennsylvania-based Symmetry Peak Management Ltd Liability has invested 0.05% in Envestnet, Inc. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Credit Acceptance by 479.4% during the second quarter. Retail Bank Of America Corp De holds 0.01% or 2.32 million shares in its portfolio. Price T Rowe Assoc Md has 736,804 shares. State Board Of Administration Of Florida Retirement owns 10,265 shares for 0.01% of their portfolio. Hsbc Hldg Public Limited Liability Corp reported 111,910 shares or 0.05% of all its holdings. (NYSE:CAG) for 20,166 shares. (NASDAQ:PCLN). Sarasin & Partners Llp holds 0.64% of its portfolio in The Priceline Group Inc. First Wilshire Securities has 0.02% invested in Cherokee Inc. The hedge fund run by Edward Goodnow held 201,883 shares of the consumer services company at the end of 2017Q3, valued at $56.56M, down from 206,679 at the end of the previous reported quarter. Qs Lc accumulated 0% or 733 shares. (NYSE:ENV) or 3,973 shares. Therefore 37% are positive. Proctor & Gamble had 73 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Hold" rating by Jefferies given on Tuesday, October 31. The company was maintained on Tuesday, August 1 by BMO Capital Markets. The firm has "Buy" rating given on Wednesday, August 30 by Jefferies. The company was maintained on Tuesday, January 2 by Stephens. The stock of The Priceline Group Inc. $4.00M worth of stock was sold by Hood Amy on Tuesday, August 29. The firm has "Underperform" rating given on Wednesday, May 11 by Macquarie Research. (NYSE:ENV) rating on Sunday, November 5. Starr International Co Inc bought 15,000 shares as the company's stock declined 10.37% while stock markets rallied. (NASDAQ:CACC) last released its quarterly earnings results on Tuesday, November 1st. (NASDAQ:ENT) earned "Buy" rating by Guggenheim on Wednesday, January 25. $150,000 worth of Envestnet, Inc. Shares for $4.69M were sold by Docter Jan L.

Currently, the stock carries a price to earnings ratio of 53.59, a price to book ratio of 1.2, and a price to sales ratio of 5.73. Andra Ap invested in 1,600 shares. The shares were sold at an average price of $335.06, for a total value of $10,541,992.78. CROWELL GAYLE A sold $38,195 worth of stock. Clough Cap Prns Lp invested in 1.61% or 85,959 shares.

Since August 1, 2017, it had 0 buys, and 5 insider sales for $31.05 million activity. The insider Watson Jill Foss sold 10,741 shares worth $2.97M. Booth Kenneth sold $546,015 worth of stock. Therefore 8% are positive. Credit Acceptance Corp. The company had revenue of $246 million for the quarter, compared to analyst estimates of $244.65 million. The rating was downgraded by Credit Suisse on Wednesday, July 27 to "Underperform". Credit Suisse maintained the stock with "Sell" rating in Tuesday, August 1 report. Barclays Capital maintained it with "Overweight" rating and $54.0 target in Friday, October 23 report. The rating was maintained by Raymond James with "Buy" on Friday, July 21. The firm has "Hold" rating by BMO Capital Markets given on Friday, October 6.

Account Management Llc decreased its stake in Credit Acceptance Corporation (CACC) by 4.86% based on its latest 2017Q3 regulatory filing with the SEC. The rating was downgraded by Piper Jaffray on Tuesday, February 21 to "Neutral". The company was downgraded on Wednesday, January 27 by Goldman Sachs. The rating was maintained by Jefferies with "Hold" on Thursday, September 7.

Credit Acceptance Corporation (NASDAQ:CACC) tinted gains of +0.5% (+1.64 points) to US$331.88. Its down 0.54, from 1.22 in 2017Q2. It is negative, as 14 investors sold World Acceptance Corporation shares while 48 reduced holdings. SG Americas Securities LLC now owns 618 shares of the credit services provider's stock valued at $159,000 after buying an additional 22,463 shares during the last quarter. Jpmorgan Chase And, New York-based fund reported 506,029 shares. Northpointe Cap Lc owns 665,738 shares or 0.2% of their United States portfolio. (NASDAQ:ENT). Abrams Cap Mngmt Ltd Partnership stated it has 7.00 million shares or 0.93% of all its holdings. Dixon Hubard Feinour And Brown Va invested 1.72% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Swiss Commercial Bank reported 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Waters Parkerson Ltd holds 277,439 shares or 2.23% of its portfolio. Rhumbline Advisers accumulated 14,906 shares. World Acceptance Corporation (NASDAQ:WRLD) has risen 103.20% since January 11, 2017 and is uptrending. 15,389 were reported by Provident Management. Tru Communication Of Toledo Na Oh has invested 0.06% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). National Bank Of Montreal Can stated it has 33 shares. (NYSE:CAG). Breton Hill Cap Limited invested in 0.04% or 6,880 shares. Ruane Cunniff & Goldfarb Inc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $6.58 billion market cap company. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans. The company has a debt-to-equity ratio of 2.12, a current ratio of 17.63 and a quick ratio of 17.63. The firm also engages in the business of reinsuring coverage under vehicle service contracts sold to clients by dealers on vehicles financed by the company.

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