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Hound Partners Decreased Its Credit Accep Mich (CACC) Holding by $113.74 Million as Stock Price Rose; Ritchie Bros Auctioneers (RBA) Shareholder Grandeur Peak Global Advisors Has Increased Stake

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Logo

Jonathan Auerbach decreased its stake in Credit Accep Corp Mich (CACC) by 38.21% based on its latest 2017Q4 regulatory filing with the SEC. Hound Partners Llc sold 352,124 shares as the company’s stock rose 1.15% while stock markets declined. The hedge fund run by Jonathan Auerbach held 569,504 shares of the consumer services company at the end of 2017Q4, valued at $184.22M, down from 921,628 at the end of the previous reported quarter. Hound Partners Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $6.33 billion market cap company. The stock increased 0.18% or $0.57 during the last trading session, reaching $326.2. About 44,826 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 74.80% since April 20, 2017 and is uptrending. It has outperformed by 63.25% the S&P500.

Grandeur Peak Global Advisors Llc increased its stake in Ritchie Bros Auctioneers Inc (RBA) by 30.43% based on its latest 2017Q4 regulatory filing with the SEC. Grandeur Peak Global Advisors Llc bought 200,025 shares as the company’s stock rose 5.11% while stock markets declined. The institutional investor held 857,300 shares of the business services company at the end of 2017Q4, valued at $25.66 million, up from 657,275 at the end of the previous reported quarter. Grandeur Peak Global Advisors Llc who had been investing in Ritchie Bros Auctioneers Inc for a number of months, seems to be bullish on the $3.50 billion market cap company. The stock decreased 1.09% or $0.36 during the last trading session, reaching $32.6. About 54,515 shares traded. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has declined 4.25% since April 20, 2017 and is downtrending. It has underperformed by 15.80% the S&P500.

Among 15 analysts covering Ritchie Bros. Auctioneers Incorporated (NYSE:RBA), 4 have Buy rating, 3 Sell and 8 Hold. Therefore 27% are positive. Ritchie Bros. Auctioneers Incorporated had 40 analyst reports since August 10, 2015 according to SRatingsIntel. As per Thursday, February 1, the company rating was maintained by Bank of America. As per Tuesday, August 8, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, November 9. The firm earned “Hold” rating on Monday, August 10 by Canaccord Genuity. The company was maintained on Monday, November 13 by TD Securities. Jefferies maintained Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) on Wednesday, August 10 with “Hold” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 12 report. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, February 28. The firm has “Sector Weight” rating given on Friday, May 27 by KeyBanc Capital Markets. The stock of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) has “Mkt Perform” rating given on Tuesday, December 27 by Raymond James.

Grandeur Peak Global Advisors Llc, which manages about $1.61B and $769.86M US Long portfolio, decreased its stake in Diamond Hill Investment (NASDAQ:DHIL) by 7,450 shares to 19,725 shares, valued at $4.08M in 2017Q4, according to the filing. It also reduced its holding in Gentex Corp (NASDAQ:GNTX) by 228,650 shares in the quarter, leaving it with 184,450 shares, and cut its stake in Trimas Corp (NASDAQ:TRS).

Since February 5, 2018, it had 0 insider buys, and 3 insider sales for $1.83 million activity. The insider BUSK DOUGLAS W sold 1,000 shares worth $319,860. Soave John S. sold $842,525 worth of stock or 2,500 shares.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.01, from 1.03 in 2017Q3. It improved, as 18 investors sold CACC shares while 60 reduced holdings. 35 funds opened positions while 46 raised stakes. 12.84 million shares or 2.21% less from 13.13 million shares in 2017Q3 were reported. California State Teachers Retirement Sys accumulated 17,837 shares. Group One Trading Ltd Partnership stated it has 8,339 shares or 0.02% of all its holdings. New York-based Morgan Stanley has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Ancient Art Ltd Partnership holds 140,410 shares or 8.81% of its portfolio. Wellington Grp Incorporated Ltd Liability Partnership invested in 0.05% or 644,172 shares. Ubs Asset Americas stated it has 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). State Board Of Administration Of Florida Retirement stated it has 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Voya Investment Management Limited Liability has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Deutsche Bank & Trust Ag holds 2,024 shares. Grantham Mayo Van Otterloo Limited Liability Corp holds 0.25% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 133,000 shares. Neuberger Berman Grp Lc stated it has 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Phoenix Invest Adviser Limited stated it has 5 shares or 0% of all its holdings. Great West Life Assurance Can owns 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 782 shares. Dixon Hubard Feinour And Brown Incorporated Va holds 1.85% or 21,087 shares in its portfolio. 1,643 are owned by Dreman Value Mngmt L L C.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on May, 7. They expect $6.11 earnings per share, up 30.84% or $1.44 from last year’s $4.67 per share. CACC’s profit will be $118.58M for 13.35 P/E if the $6.11 EPS becomes a reality. After $5.16 actual earnings per share reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 18.41% EPS growth.

Among 12 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 6 Sell and 5 Hold. Therefore 8% are positive. Credit Acceptance Corp had 30 analyst reports since July 31, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, September 6 by Compass Point. Zacks downgraded Credit Acceptance Corporation (NASDAQ:CACC) on Tuesday, August 4 to “Buy” rating. Bank of America maintained the stock with “Underperform” rating in Tuesday, October 31 report. Credit Suisse maintained the shares of CACC in report on Tuesday, August 1 with “Sell” rating. The rating was downgraded by JMP Securities to “Market Underperform” on Wednesday, March 16. The stock has “Hold” rating by BMO Capital Markets on Friday, October 6. The stock has “Underperform” rating by Credit Suisse on Tuesday, October 31. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Hold” rating given on Thursday, January 4 by Susquehanna. The firm earned “Underperform” rating on Wednesday, July 27 by Credit Suisse. The firm earned “Neutral” rating on Monday, January 23 by Susquehanna.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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