As Live Nation Entertainment In (LYV) Stock Value Rose, Diker Management Has Lowered by $1.70 Million Its Holding; As Credit Accep Mich (CACC) Market Valuation Rose, Shareholder Baupost Group Has Cut Its Position

December 8, 2017 - By Winifred Garcia

Seth Klarman decreased its stake in Credit Accep Corp Mich (CACC) by 59.62% based on its latest 2017Q2 regulatory filing with the SEC. Baupost Group Llc sold 145,700 shares as the company’s stock rose 15.18% with the market. The hedge fund run by Seth Klarman held 98,700 shares of the consumer services company at the end of 2017Q2, valued at $25.38 million, down from 244,400 at the end of the previous reported quarter. Baupost Group Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $6.08B market cap company. The stock increased 1.73% or $5.34 during the last trading session, reaching $314.12. About 264,353 shares traded or 19.86% up from the average. Credit Acceptance Corporation (NASDAQ:CACC) has risen 27.46% since December 8, 2016 and is uptrending. It has outperformed by 10.76% the S&P500.

Mark N. Diker decreased its stake in Live Nation Entertainment In (LYV) by 33.33% based on its latest 2017Q2 regulatory filing with the SEC. Diker Management Llc sold 50,000 shares as the company’s stock rose 14.05% with the market. The hedge fund run by Mark N. Diker held 100,000 shares of the consumer services company at the end of 2017Q2, valued at $3.49M, down from 150,000 at the end of the previous reported quarter. Diker Management Llc who had been investing in Live Nation Entertainment In for a number of months, seems to be less bullish one the $9.01 billion market cap company. The stock increased 2.01% or $0.86 during the last trading session, reaching $43.59. About 1.54 million shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 52.18% since December 8, 2016 and is uptrending. It has outperformed by 35.48% the S&P500.

Baupost Group Llc, which manages about $29.88B and $8.75 billion US Long portfolio, upped its stake in Qorvo Inc by 1.81 million shares to 9.00M shares, valued at $569.88 million in 2017Q2, according to the filing. It also increased its holding in Forward Pharma A/S by 788,652 shares in the quarter, for a total of 6.36 million shares, and has risen its stake in Synchrony Finl (NYSE:SYF).

More notable recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Seekingalpha.com which released: “Credit Acceptance Corporation’s (CACC) CEO Brett Roberts on Q3 2017 Results …” on October 31, 2017, also Globenewswire.com with their article: “Credit Acceptance Named to the Detroit Free Press 2017 Top Workplaces List” published on November 06, 2017, Seekingalpha.com published: “Credit Acceptance Corp.: Finding A Niche And Owning It” on July 13, 2017. More interesting news about Credit Acceptance Corporation (NASDAQ:CACC) were released by: Globenewswire.com and their article: “Credit Acceptance Announces Completion of $150.0 Million Revolving Secured …” published on December 01, 2017 as well as Nasdaq.com‘s news article titled: “Billings Capital Management, Llc Buys Advance Auto Parts Inc, Sells Credit …” with publication date: November 17, 2017.

Investors sentiment decreased to 1.3 in Q2 2017. Its down 0.01, from 1.31 in 2017Q1. It is negative, as 20 investors sold CACC shares while 43 reduced holdings. 29 funds opened positions while 53 raised stakes. 13.72 million shares or 4.67% more from 13.11 million shares in 2017Q1 were reported. Goldman Sachs Group accumulated 138,545 shares. Manufacturers Life The stated it has 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Fmr Ltd Liability accumulated 7,275 shares. Strategic Advisors Limited Liability Company invested in 0.4% or 4,251 shares. Geode Ltd Limited Liability Company owns 0.01% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 102,957 shares. Rhumbline Advisers holds 15,244 shares or 0.01% of its portfolio. Great West Life Assurance Can invested in 0% or 782 shares. Point72 Asia (Hong Kong) Limited reported 0.01% stake. Paloma Prtnrs Mngmt Company accumulated 0.01% or 2,863 shares. Credit Suisse Ag holds 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 6,210 shares. Federated Pa owns 435 shares for 0% of their portfolio. Moreover, Trellus Mngmt Limited Liability Com has 0.76% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 2,014 shares. Morgan Stanley invested in 0% or 8,327 shares. Swiss Bancorp owns 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 11,777 shares. Legal And General Group Inc Inc Pcl has 3,250 shares for 0% of their portfolio.

Among 11 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 0 have Buy rating, 6 Sell and 5 Hold. Therefore 0 are positive. Credit Acceptance Corp has $275.0 highest and $150 lowest target. $219.67’s average target is -30.07% below currents $314.12 stock price. Credit Acceptance Corp had 23 analyst reports since July 31, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Sell” rating in Tuesday, August 1 report. The firm has “Underperform” rating given on Tuesday, October 31 by Bank of America. BMO Capital Markets maintained Credit Acceptance Corporation (NASDAQ:CACC) rating on Tuesday, October 31. BMO Capital Markets has “Market Perform” rating and $252 target. The rating was downgraded by Credit Suisse on Wednesday, July 27 to “Underperform”. Jefferies maintained Credit Acceptance Corporation (NASDAQ:CACC) rating on Thursday, September 7. Jefferies has “Hold” rating and $240.0 target. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Buy” rating by Zacks on Tuesday, August 4. Raymond James upgraded the stock to “Hold” rating in Tuesday, August 1 report. The stock has “Neutral” rating by Susquehanna on Monday, January 23. The firm has “Market Perform” rating given on Tuesday, August 1 by BMO Capital Markets. As per Tuesday, September 6, the company rating was downgraded by Compass Point.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on January, 30. They expect $5.53 EPS, up 15.45% or $0.74 from last year’s $4.79 per share. CACC’s profit will be $107.07 million for 14.20 P/E if the $5.53 EPS becomes a reality. After $5.43 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 1.84% EPS growth.

Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on February, 22. They expect $-0.45 EPS, up 22.41% or $0.13 from last year’s $-0.58 per share. After $0.53 actual EPS reported by Live Nation Entertainment, Inc. for the previous quarter, Wall Street now forecasts -184.91% negative EPS growth.

Investors sentiment increased to 1.43 in 2017 Q2. Its up 0.34, from 1.09 in 2017Q1. It improved, as 26 investors sold LYV shares while 81 reduced holdings. 43 funds opened positions while 110 raised stakes. 129.13 million shares or 0.97% more from 127.88 million shares in 2017Q1 were reported. Moreover, Great West Life Assurance Can has 0.01% invested in Live Nation Entertainment, Inc. (NYSE:LYV). Commonwealth Of Pennsylvania School Empls Retrmt holds 0.01% or 19,493 shares. Royal National Bank Of Canada holds 0% or 199,908 shares in its portfolio. Neuberger Berman Gp Limited Liability Corporation stated it has 0% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV). State Board Of Administration Of Florida Retirement Sys has invested 0.02% in Live Nation Entertainment, Inc. (NYSE:LYV). Teachers Retirement Systems Of The State Of Kentucky has 0.01% invested in Live Nation Entertainment, Inc. (NYSE:LYV). Arizona State Retirement Sys holds 0.03% or 56,300 shares in its portfolio. Putnam Invests Lc stated it has 0.35% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV). Covey Cap Ltd Llc has invested 3.95% in Live Nation Entertainment, Inc. (NYSE:LYV). 1.46 million were reported by Schwab Charles Invest Mgmt. Driehaus Cap reported 55,520 shares. Savings Bank Of America Corp De has invested 0% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV). City Com has 0% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 12 shares. Sentry owns 5.37 million shares or 1.36% of their US portfolio. Moreover, Markston Intll Ltd Liability Com has 0% invested in Live Nation Entertainment, Inc. (NYSE:LYV).

Among 14 analysts covering Live Nation (NYSE:LYV), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Live Nation has $46.0 highest and $30.0 lowest target. $39.14’s average target is -10.21% below currents $43.59 stock price. Live Nation had 21 analyst reports since September 18, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, March 29 by BTIG Research. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Buy” rating by Goldman Sachs on Monday, April 3. On Tuesday, November 8 the stock rating was upgraded by Stephens to “Overweight”. On Monday, October 16 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Equal-Weight” rating on Thursday, October 6 by Stephens. Macquarie Research maintained the shares of LYV in report on Wednesday, August 9 with “Buy” rating. Jefferies maintained it with “Buy” rating and $42.0 target in Monday, September 11 report. JP Morgan initiated the stock with “Overweight” rating in Thursday, August 18 report. Northcoast downgraded the shares of LYV in report on Monday, June 19 to “Neutral” rating. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Overweight” rating given on Friday, October 30 by Albert Fried.

Diker Management Llc, which manages about $674.54M and $225.31 million US Long portfolio, upped its stake in Truecar Inc (NASDAQ:TRUE) by 116,140 shares to 507,140 shares, valued at $10.11M in 2017Q2, according to the filing. It also increased its holding in Wix Com Ltd (NASDAQ:WIX) by 11,250 shares in the quarter, for a total of 37,750 shares, and has risen its stake in Nv5 Global Inc (NASDAQ:NVEE).

Since June 15, 2017, it had 0 buys, and 2 selling transactions for $341,099 activity. Shares for $226,991 were sold by ENLOE ROBERT TED III on Thursday, June 15.

More recent Live Nation Entertainment, Inc. (NYSE:LYV) news were published by: Gurufocus.com which released: “Live Nation Entertainment Inc (LYV) President & CEO Michael Rapino Sold $9.6 …” on December 02, 2017. Also Bizjournals.com published the news titled: “Live Nation reportedly makes bid for SMG as both are in talks with Sacramento” on November 29, 2017. Nasdaq.com‘s news article titled: “Live Nation Entertainment Inc (LYV) President & CEO Michael Rapino Sold $9.5 …” with publication date: November 19, 2017 was also an interesting one.

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