Economy

Credit Acceptance (CACC) Given Sell Rating at Credit Suisse Group

Credit Acceptance (CACC) Given Sell Rating at Credit Suisse Group

The Manufacturers Life Insurance Company now owns 619 shares of the credit services provider's stock worth $159,000 after purchasing an additional 40 shares in the last quarter. The stock increased 2.86% or $2.35 during the last trading session, reaching $84.46. The company's stock had a trading volume of 147,200 shares, compared to its average volume of 153,457. Conagra Brands, Inc. (NYSE:CAG) has risen 8.39% since January 12, 2017 and is uptrending. It has underperformed by 46.32% the S&P500. Dimensional Fund Lp reported 0.02% stake. It also increased its holding in Fiat Chrysler Automobiles N by 3.40M shares in the quarter, for a total of 6.53M shares, and has risen its stake in Cbre Group Inc (NYSE:CBG). BlackRock Inc. now owns 446,139 shares of the credit services provider's stock valued at $114,720,000 after acquiring an additional 45,768 shares in the last quarter. It closed at $331.88 lastly. Cherokee Inc. (NASDAQ:CHKE) has declined 29.62% since January 11, 2017 and is downtrending. It has outperformed by 86.50% the S&P500. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Therefore 50% are positive. Smith Thomas W owned about 0.54% of Credit Acceptance Corp. worth $22,254,000 at the end of the most recent reporting period. The firm has "Buy" rating by Jefferies given on Friday, July 28. The stock has "Buy" rating by Stifel Nicolaus on Monday, November 14. The firm has "Sell" rating given on Thursday, September 7 by Jefferies. On Thursday, September 7 the stock rating was maintained by Jefferies with "Hold". First Quadrant Lp Ca reported 700 shares. They set a "buy" rating and a $355.00 price objective for the company. They expect $0.72 EPS, down 6.49% or $0.05 from last year's $0.77 per share. Rathbone Brothers plc acquired a new position in shares of Credit Acceptance during the third quarter worth $210,000. It also upped Cott Corp Que Com (NYSE:COT) stake by 47,042 shares and now owns 201,143 shares. Corning Inc (NYSE:GLW) was raised too.

Since August 4, 2017, it had 0 insider purchases, and 3 insider sales for $513.86 million activity. The insider McLaughlin Gregory sold $188,320.

Investors sentiment decreased to 1.03 in 2017 Q3. Its up 0.01, from 1.26 in 2017Q2. 4 funds opened positions while 9 raised stakes. Millennium Llc has 148,417 shares for 0.06% of their portfolio. 253,932 are owned by Canada Pension Plan Board. Barclays Pcl has invested 0.01% in Conagra Brands, Inc. Janney Montgomery Scott Limited Liability Corporation reported 1,927 shares stake. Massachusetts-based Geode Capital Mgmt Ltd Liability Co has invested 0.06% in Realty Income Corporation (NYSE:O). James Invest has 0.06% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 6,605 shares. 0 analysts recommended Overweight these shares while 4 recommended Underweight, according to FactSet data. State Common Retirement Fund has 27,400 shares for 0.01% of their portfolio. 1,170 shares were sold by DENNISON ANN M, worth $89,294. Ftb Advsrs holds 0% or 1,167 shares in its portfolio. (NASDAQ:CACC) will announce earnings of $5.26 per share for the current quarter, Zacks Investment Research reports. WRLD's profit would be $8.31 million giving it 22.23 P/E if the $0.95 EPS is correct. The credit services provider reported $5.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.15 by $0.28.

Credit Suisse Group reaffirmed their sell rating on shares of Credit Acceptance (NASDAQ:CACC) in a research note issued to investors on Monday. Therefore 8% are positive. Credit Acceptance has a 12 month low of $182.50 and a 12 month high of $338.12. On Wednesday, May 11 the stock rating was downgraded by Macquarie Research to "Underperform". The company was maintained on Tuesday, October 3 by Jefferies.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on January, 30. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned "Hold" rating by BMO Capital Markets on Friday, October 6. The company was downgraded on Tuesday, September 6 by Compass Point. The firm is expected to issue its next quarterly earnings report on Tuesday, January 30th. Bank of America maintained the shares of CACC in report on Tuesday, October 31 with "Underperform" rating. BidaskClub downgraded Credit Acceptance from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 6th. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has "Hold" rating given on Thursday, January 4 by Susquehanna.

More news: Valdez-Quigg Nearly Done Deal for March 10 at StubHub Center

Investors sentiment decreased to 1.03 in 2017 Q3. Its up 0.17, from 0.82 in 2017Q2. SG Americas Securities LLC raised its position in Credit Acceptance by 102.8% in the 2nd quarter. Da Davidson reported 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Natl Bank Of New York Mellon Corp accumulated 53,826 shares. Us Bankshares De holds 0% in Credit Acceptance Corporation (NASDAQ:CACC) or 74 shares.

ILLEGAL ACTIVITY WARNING: "Credit Acceptance Corp". Ubs Asset Mngmt Americas Inc has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Vanguard Group Incorporated owns 988,122 shares. Credit Acceptance's revenue was up 15.1% compared to the same quarter a year ago. It worsened, as 24 investors sold Credit Acceptance Corporation shares while 49 reduced holdings. (NYSE:CAG). Breton Hill Cap Limited invested in 0.04% or 6,880 shares. 8,065 were reported by Chicago Equity Prtnrs Ltd Liability Corporation. Hightower Advsr Ltd Co reported 1,039 shares. "(NASDAQ:CACC)" was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. State Street holds 0% or 149,736 shares in its portfolio. Neuberger Berman Grp Limited Liability Corp accumulated 0.01% or 19,022 shares.

In related news, major shareholder Jill Foss Watson sold 18,106 shares of the company's stock in a transaction on Tuesday, December 26th. The original version of this news story can be viewed at https://stocknewstimes.com/2018/01/11/vident-investment-advisory-llc-invests-256000-in-credit-acceptance-corp-cacc-stock.html.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


  • Lyft Branded Beer Will Launch Next Week In Chicago

    The beer will debut at the brewery on January 18, and then be distributed to 30 to 40 Chicago bars for a trial run. If the collaboration with Baderbrau resonates with customers, Lyft may expand the promotions to other cities.

    Lamar Thomas won't return as WR coach

    Thomas, a colorful coach with a nickname for every player, joined Stoops' staff after working at Louisville under Bobby Petrino. Thomas' contract, which was set to expire in June, was not renewed after two seasons with the Cats.

    Kohl's Corporation (KSS) Stake Lowered by Boston Private Wealth LLC

    Large investors have recently bought and sold shares of the business. 16 funds opened positions while 45 raised stakes. Jos Shaver decreased its stake in Aes Corp (AES) by 70.92% based on its latest 2017Q3 regulatory filing with the SEC.
  • Kwara Utd player, officials injured in auto crash

    Kwara Utd player, officials injured in auto crash

    Bibire said the remaining officials and players, who did not sustain injuries, were later conveyed by another vehicle to Ilorin. Meanwhile, officials of the team have expressed their gratefulness to god for sparing their lives and that of the players.

    After Technical Assessment Stock Riding Bulls: Agnico Eagle Mines Limited (NYSE:AEM)

    AMP Capital Investors Ltd's holdings in Agnico Eagle Mines were worth $3,225,000 at the end of the most recent reporting period. The stock of Agnico Eagle Mines Limited (NYSE: AEM ) earned "Outperform" rating by Macquarie Research on Monday, November 2.

    Dissecting the Insider Trading Patterns of Fidelity National Financial, Inc. (FNF)

    Mercer Capital Advisers Inc. purchased a new position in Fidelity National Financial during the third quarter worth $122,000. Large investors have recently modified their holdings of the stock. 48 funds opened positions while 133 raised stakes.
  • Scott Frost named American Football Coaches Association FBS coach of the year

    Scott Frost named American Football Coaches Association FBS coach of the year

    After beating Auburn, UCF athletic director Danny White said the Knights were declaring themselves national champions. Just two years ago the Knights went 0-12.
    Is Kangana finally friends with Karan Johar?

    Is Kangana finally friends with Karan Johar?

    Kangana being herself, did not let this opportunity go waste. "(Zeher pilata hai mujhse puchho)". (He serves poison, ask me). Now we don't know how deep this friendship phase goes but at least on the face, everything is sugary.

    Stocks under Considerations: Whiting Petroleum Corp. (WLL), Dean Foods Company (DF)

    Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt has 0.37% invested in Apple Inc. EAT share have plunged by -4.51% in percentage terms since the start of the year - and retreated -0.83% in the last month.
  • Bristol Myers Squibb Co (NYSE:BMY) 2017 Q3 Sentiment

    By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with LOW volatility. The firm owned 210,000 shares of the biopharmaceutical company's stock after selling 40,000 shares during the period.

    Could Ally Financial Incorporated (NYSE:ALLY) Change Direction After More Shorts?

    Ally Financial Inc. (NYSE:ALLY) is 30.86% above its 200-day moving average, providing a measure of resistance for long positions. Ubs Asset Mgmt Americas Incorporated holds 2.84 million shares. (NYSE:OKE). 22,238 were reported by Private Advisor Gp Lc.
    Drew Barker decides to leave Kentucky

    Drew Barker decides to leave Kentucky

    Barker threw for 747 yards, five touchdowns, and seven interceptions during his United Kingdom career. It's unfortunate when someone loses their job after an injury but the Wildcats responded to Johnson.