Today’s 13GD Alert: Credit Acceptance Corp: Watson Jill Foss Opened Big New Position

Today's 13GD Alert: Credit Acceptance Corp: Watson Jill Foss Opened Big New Position

The New Watson Jill Foss Holding in Credit Acceptance Corp

Watson Jill Foss filed with the SEC SC 13D/A form for Credit Acceptance Corp. The form can be accessed here: 000157104916018551. As reported in Watson Jill Foss’s form, the filler as of late owns 19.3% or 3,929,438 shares of the Finance–company.

Credit Acceptance Corp stake is a new one for the and it was filed because of activity on September 26, 2016. We feel this shows Watson Jill Foss’s positive view for the stock.

Reasons Why Watson Jill Foss Bought – Credit Acceptance Corp Stock

Item 4. Purpose of Transaction

No change.

Credit Acceptance Corp Institutional Sentiment

Latest Security and Exchange filings show 155 investors own Credit Acceptance Corp. The institutional ownership in Q3 2015 is high, at 90.54% of the outstanding shares. This is increased by 10255163 the total institutional shares. 18407514 were the shares owned by these institutional investors. In total 24 funds opened new Credit Acceptance Corp stakes, 63 increased stakes. There were 25 that closed positions and 50 reduced them.

8 managers had the stock in their top Ten. Notable investors are: Goodnow Investment Group Llc, Smith Thomas W, Bloombergsen Inc., Prescott General Partners Llc, Abrams Bison Investments Llc, Account Management Llc, Lmr Partners Llp, Howard Hughes Medical Institute, Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv, Makaira Partners Llc..

Roger Ibbotson Zebra Capital Management Llc is an institutional investor bullish on Credit Acceptance Corp, owning 10616 shares as of Q3 2015 for 1.29% of its portfolio. Edward Goodnow Goodnow Investment Group Llc owns 192199 shares or 7.27% of its portfolio. FL Smith Thomas W have 31.44% of their stock portfolio for 189085 shares. Further, Account Management Llc reported stake worth 0.01% of its US stock portfolio. The FL Prescott General Partners Llc owns 2222789 shares. Credit Acceptance Corp is 32.19% of the manager’s US portfolio.

Business Profile

Credit Acceptance Corporation (Credit Acceptance) is a provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to customers responding to advertisements for it products. The Company has two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, it advances money to dealer (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealer (Purchased Loan) and keeps all amounts collected from the consumer. Its target market is independent and franchised automobile dealers in the United States. It provides dealers the ability to offer vehicle service contracts to consumers through its relationships with third-party providers (TPPs).

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.67 in Q2 2016. Its down 0.86, from 1.53 in 2016Q1. The ratio worsened, as 30 funds sold all Credit Acceptance Corp. shares owned while 60 reduced positions. 21 funds bought stakes while 39 increased positions. They now own 9.49 million shares or 16.21% less from 11.32 million shares in 2016Q1.

Mariner Wealth Limited Com, a Kansas-based fund reported 3,163 shares. The New York-based Cantillon Capital Mngmt Ltd Com has invested 1.29% in Credit Acceptance Corp. (NASDAQ:CACC). Aperio Group Ltd Liability Corp accumulated 0% or 2,604 shares. Advisory Svcs Network Ltd Company holds 10 shares or 0% of its portfolio. Origin Asset Limited Liability Partnership owns 36,702 shares or 0.45% of their US portfolio. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0% in Credit Acceptance Corp. (NASDAQ:CACC). Teachers Advsrs last reported 0% of its portfolio in the stock. Barclays Public Ltd Com, a United Kingdom-based fund reported 54 shares. Coatue Mgmt Ltd Liability last reported 0.41% of its portfolio in the stock. Moreover, State Bank Of America De has 0% invested in Credit Acceptance Corp. (NASDAQ:CACC) for 27,066 shares. Intll, a New York-based fund reported 203 shares. Moreover, Catalyst Cap Advsrs Limited Com has 0.05% invested in Credit Acceptance Corp. (NASDAQ:CACC) for 1,560 shares. Jpmorgan Chase And has invested 0% of its portfolio in Credit Acceptance Corp. (NASDAQ:CACC). Allianz Asset Mngmt Ag last reported 124,987 shares in the company. Baupost Gru Llc Ma reported 100,000 shares or 0.25% of all its holdings.

Insider Transactions: Since April 22, 2016, the stock had 0 insider purchases, and 9 selling transactions for $85.10 million net activity. Watson Jill Foss also sold $8.55 million worth of Credit Acceptance Corp. (NASDAQ:CACC) on Tuesday, August 16. Apple Allan Victor sold 200 shares worth $40,650.

Analysts await Credit Acceptance Corp. (NASDAQ:CACC) to report earnings on November, 3. They expect $4.27 EPS, up 13.26% or $0.50 from last year’s $3.77 per share. CACC’s profit will be $89.43M for 11.57 P/E if the $4.27 EPS becomes a reality. After $4.38 actual EPS reported by Credit Acceptance Corp. for the previous quarter, Wall Street now forecasts -2.51% negative EPS growth.

About 111,466 shares traded hands. Credit Acceptance Corp. (NASDAQ:CACC) has risen 2.03% since February 29, 2016 and is uptrending. It has underperformed by 10.19% the S&P500.

Credit Acceptance Corporation is a well-known provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The company has a market cap of $4.14 billion. The Company’s financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to clients responding to advertisements for it products. It has a 13.07 P/E ratio. The Firm has two programs: the Portfolio Program and the Purchase Program.

Credit Acceptance Corp. (NASDAQ:CACC) Ratings Coverage

Out of 5 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 0 rate it a “Buy”, 4 “Sell”, while 1 “Hold”. This means 0 are positive. $245 is the highest target while $150 is the lowest. The $175.75 average target is -11.09% below today’s ($197.67) stock price. Credit Acceptance Corp has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Wednesday, August 26, the company rating was upgraded by JMP Securities. The firm earned “Neutral” rating on Monday, June 20 by Janney Capital. The rating was downgraded by Macquarie Research to “Underperform” on Wednesday, May 11. Compass Point upgraded it to “Neutral” rating and $150 target price in Tuesday, November 10 report. Compass Point downgraded the shares of CACC in a report on Tuesday, September 6 to “Sell” rating. Credit Suisse downgraded it to “Underperform” rating and $185 target price in Wednesday, July 27 report. As per Wednesday, March 16, the company rating was downgraded by JMP Securities. The firm has “Buy” rating given on Tuesday, August 4 by Zacks.

More important recent Credit Acceptance Corp. (NASDAQ:CACC) news were published by: Seekingalpha.com which released: “Credit Acceptance Corp: Earn A 6.1% Annual Yield With These Bonds” on August 08, 2016, also Seekingalpha.com published article titled: “Credit Acceptance: A Structural Short”, Seekingalpha.com published: “Credit Acceptance Corp.: Don’t Buy Stock From A Used Car Salesman” on December 09, 2015. More interesting news about Credit Acceptance Corp. (NASDAQ:CACC) was released by: Bloomberg.com and their article: “Subprime Auto Lender Credit Acceptance Subpoenaed by Maryland” with publication date: May 03, 2016.

According to Zacks Investment Research, “Credit Acceptance Corporation is a specialized financial services company which provides funding, receivables management, collection, sales training and related services to automobile dealers.”

CACC Company Profile

Credit Acceptance Corporation (Credit Acceptance), incorporated on August 23, 1972, is a well-known provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to clients responding to advertisements for its products. The Firm has two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealer (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealer (Purchased Loan) and keeps the amounts collected from the consumer. Dealer Loans and Purchased Loans are collectively referred to as Loans.

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