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

The institutional investor held 32,757 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $2.98M, up from 10,192 at the end of the previous reported quarter. The stock decreased 0.19% or $0.07 during the last trading session, reaching $36.76.

Shares of World Acceptance (NASDAQ:WRLD) traded up $2.35 during midday trading on Thursday, reaching $84.46. Conagra Brands, Inc. (NYSE:CAG) has risen 8.39% since January 12, 2017 and is uptrending.

Account Management Llc decreased its stake in Credit Acceptance Corporation (CACC) by 4.86% based on its latest 2017Q3 regulatory filing with the SEC. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company's stock. The institutional investor held 49,807 shares of the consumer services company at the end of 2017Q3, valued at $13.95M, down from 73,307 at the end of the previous reported quarter. Account Management Llc who had been investing in Credit Acceptance Corporation for a number of months, seems to be less bullish one the $6.57B market cap company. Municipal Employees Retirement System of MI now owns 2,240 shares of the credit services provider's stock worth $186,000 after purchasing an additional 830 shares during the last quarter. About 198,885 shares traded.

Credit Acceptance Corporation (NASDAQ:CACC) tinted gains of +0.5% (+1.64 points) to US$331.88. It has outperformed by 222.30% the S&P500. Panagora Asset Management holds 1,055 shares or 0% of its portfolio. Barclays Pcl has 3,388 shares.

Among 5 analysts covering World Acceptance (NASDAQ:WRLD), 1 have Buy rating, 3 Sell and 1 Hold. Therefore 8% are positive. World Acceptance had 13 analyst reports since July 24, 2015 according to SRatingsIntel. The original version of this report can be read at https://www.dispatchtribunal.com/2018/01/12/credit-acceptance-cacc-rating-reiterated-by-credit-suisse-group.html. BidaskClub downgraded Credit Acceptance from a strong-buy rating to a buy rating in a report on Saturday, January 6th. Ingalls And Snyder Ltd Liability Co reported 0.36% in World Acceptance Corporation (NASDAQ:WRLD). The rating was downgraded by Credit Suisse on Wednesday, July 27 to "Underperform". The company was upgraded on Tuesday, August 1 by Raymond James. The firm has "Market Perform" rating by JMP Securities given on Wednesday, August 26. The firm has "Hold" rating by Jefferies given on Thursday, September 7. The firm has "Buy" rating given on Monday, January 8 by Oppenheimer. Jefferies Group reaffirmed a sell rating and set a $60.00 target price on shares of World Acceptance in a report on Thursday, October 12th.

South Korea proposes unified Olympic women's ice hockey team with North Korea
The sole North Korean IOC member made the comments before flying back to Pyongyang after visiting Lausanne, where the IOC is headquartered.

Analysts Set Canadian National Railway (CNR) Target Price at $109.67
This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Armbruster Capital Management Inc. boosted its position in Canadian National Railway Company by 57.1% in the second quarter.

Oil crosses $70 in intra-day trade
While surging economic growth helped demand to soar in 2017, the USA dollar slid through most of the year as other global economies fared better.

Credit Acceptance (NASDAQ:CACC) last posted its earnings results on Monday, October 30th. For the past 5 years, the company's revenue has grown 7.9%, while the company's earnings per share has grown 16.9%. CACC's profit will be $107.08M for 15.31 P/E if the $5.53 EPS becomes a reality. Public Employees Retirement Of Ohio reported 5,178 shares or 0.01% of all its holdings.

Jefferies Group also issued estimates for World Acceptance's Q4 2018 earnings at $3.23 EPS, Q1 2019 earnings at $1.72 EPS, Q2 2019 earnings at $1.60 EPS, Q3 2019 earnings at $1.05 EPS, Q4 2019 earnings at $3.32 EPS and FY2019 earnings at $7.68 EPS. Its up 0.01, from 1.26 in 2017Q2. It dived, as 14 investors sold World Acceptance Corporation shares while 48 reduced holdings. 29 funds opened positions while 46 raised stakes. Credit Acceptance Corp. makes up about 23.5% of Smith Thomas W's portfolio, making the stock its largest position. 795 were accumulated by Metropolitan Life Insur Company. Legal General Group Public Ltd Com holds 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 4,007 shares. Clearbridge Investments Limited Company reported 148 shares. Ahl Ltd Liability Partnership accumulated 5,171 shares or 0.03% of the stock. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. research analysts anticipate that Credit Acceptance will post 20.74 earnings per share for the current fiscal year. Bartlett And Lc owns 600 shares. Ladenburg Thalmann Financial Services Inc. now owns 537 shares of the credit services provider's stock valued at $150,000 after purchasing an additional 437 shares during the period.

Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. (NASDAQ:ENT). Tower Research Capital Limited Liability Company (Trc) holds 0% or 11,874 shares. Credit Suisse Ag has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 8,874 shares. Principal Fincl Grp accumulated 1,952 shares or 0% of the stock. Its down 0.54, from 1.22 in 2017Q2. The insider Booth Kenneth sold 2,000 shares worth $546,015. Its down 0.12, from 0.94 in 2017Q2. It improved, as 38 investors sold O shares while 149 reduced holdings. 4 funds opened positions while 9 raised stakes. Ubs Asset Mngmt Americas Inc has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). 5,001 are owned by Merriman Wealth Mngmt Ltd. The New York-based Bnp Paribas Arbitrage has invested 0% in Cherokee Inc. Kingfisher Llc stated it has 0.59% in The Procter & Gamble Company (NYSE:PG). Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of World Acceptance in the 2nd quarter worth approximately $211,000. Northpointe Cap Lc owns 665,738 shares or 0.2% of their U.S. portfolio. Quantbot Technology Lp accumulated 0% or 114 shares. 93,657 are owned by Lynch Assoc In. Moreover, Citadel Advsrs Limited Liability has 0% invested in Global Eagle Entertainment Inc. Therefore 50% are positive. Vipshop Holdings Limited had 34 analyst reports since August 12, 2015 according to SRatingsIntel. Susquehanna maintained it with "Hold" rating and $363.0 target in Thursday, January 4 report. The firm has "Neutral" rating given on Wednesday, February 22 by Dougherty & Company. Jefferies Group has a "Sell" rating and a $60.00 price target on the stock. The stock has "Buy" rating by Stifel Nicolaus on Monday, November 14. Deutsche Bank downgraded the stock to "Hold" rating in Tuesday, December 13 report. The rating was downgraded by B. Riley & Co to "Neutral" on Friday, March 10. The company was maintained on Thursday, September 28 by Roth Capital. Keefe Bruyette & Woods maintained the stock with "Hold" rating in Tuesday, October 31 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.