Abrams Bison Investments LLC Holding in Credit Accep Corp Mich (CACC) Has Cut as Market Valuation Rose

June 16, 2018 - By Stephen Andrade

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. Grp One Trading Lp accumulated 8,783 shares or 0.03% of the stock. Schaller Invest Group Inc Inc owns 6.73% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 35,700 shares. Janney Montgomery Scott Ltd Llc reported 0.01% stake. Cantillon Cap Management Ltd Liability invested 1.26% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Rafferty Asset Mgmt owns 2,844 shares for 0.01% of their portfolio. Riverhead Mngmt Limited Liability invested 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Renaissance Ltd Liability Corp owns 1,100 shares or 0% of their US portfolio. Qs Investors Ltd Limited Liability Company invested 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Cibc Asset Mngmt reported 0% in Credit Acceptance Corporation (NASDAQ:CACC). 36,392 are held by Aqr Ltd Co. Envestnet Asset Management holds 2,298 shares or 0% of its portfolio. Vident Invest Advisory Ltd Llc accumulated 1,732 shares. Abrams Bison Invs Limited Liability Corp holds 48.09% or 930,000 shares in its portfolio. Account Mngmt Lc holds 20,755 shares. Blair William And Il invested in 11,567 shares.

Since February 5, 2018, it had 0 insider purchases, and 3 insider sales for $1.83 million activity. 2,000 shares valued at $669,000 were sold by Booth Kenneth on Tuesday, March 6. $842,525 worth of stock was sold by Soave John S. on Friday, March 16.

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 $307.28M, 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 $7.01B 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: Nasdaq.com, which released: “Recent Analysis Shows Credit Acceptance, Hanmi Financial, Upland Software, John B. Sanfilippo & Son, Green, and …” on May 25, 2018. Globenewswire.com‘s article titled: “Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing” and published on May 24, 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. Oppenheimer initiated the shares of CACC in report on Monday, January 8 with “Buy” rating. Susquehanna maintained Credit Acceptance Corporation (NASDAQ:CACC) rating on Thursday, January 4. Susquehanna has “Hold” rating and $363.0 target. The rating was maintained by Jefferies with “Hold” on Wednesday, January 10. The stock has “Sell” rating by Stephens on Tuesday, January 2. The firm has “Hold” rating by Susquehanna given on Tuesday, January 30. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Buy” rating given on Thursday, April 12 by Oppenheimer. As per Wednesday, January 31, the company rating was maintained by BMO Capital Markets.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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