Microsoft (MSFT) Valuation Rose While Route One Investment Company LP Trimmed Its Position by $78.54 Million; Ancient Art LP Holding in Credit Accep Mich (CACC) Has Trimmed by $23.35 Million

October 7, 2017 - By Winifred Garcia

Quincy Lee decreased its stake in Credit Accep Corp Mich (CACC) by 18.69% based on its latest 2017Q2 regulatory filing with the SEC. Ancient Art Lp sold 90,849 shares as the company’s stock rose 15.18% with the market. The hedge fund run by Quincy Lee held 395,349 shares of the consumer services company at the end of 2017Q2, valued at $101.66M, down from 486,198 at the end of the previous reported quarter. Ancient Art Lp who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $5.57 billion market cap company. The stock increased 0.49% or $1.41 on October 6, reaching $286.96. About 212,470 shares traded or 28.96% up from the average. Credit Acceptance Corp. (NASDAQ:CACC) has risen 27.46% since October 7, 2016 and is uptrending. It has outperformed by 10.76% the S&P500.

William Duhamel decreased its stake in Microsoft Corporation (MSFT) by 34.08% based on its latest 2017Q2 regulatory filing with the SEC. Route One Investment Company Lp sold 1.16M shares as the company’s stock rose 4.75% with the market. The hedge fund run by William Duhamel held 2.23 million shares of the prepackaged software company at the end of 2017Q2, valued at $154.01 million, down from 3.39 million at the end of the previous reported quarter. Route One Investment Company Lp who had been investing in Microsoft Corporation for a number of months, seems to be less bullish one the $585.60 billion market cap company. The stock increased 0.04% or $0.03 on October 6, reaching $76. About 13.96 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since October 7, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

More notable recent Credit Acceptance Corp. (NASDAQ:CACC) news were published by: Globenewswire.com which released: “Credit Acceptance Announces Timing of Second Quarter 2017 Earnings Release and …” on July 24, 2017, also Benzinga.com with their article: “The Latest Top Hot Short Ideas: Sears And Credit Acceptance” published on April 04, 2017, Globenewswire.com published: “Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing” on June 29, 2017. More interesting news about Credit Acceptance Corp. (NASDAQ:CACC) were released by: Seekingalpha.com and their article: “Credit Acceptance Corp.: Finding A Niche And Owning It” published on July 13, 2017 as well as Seekingalpha.com‘s news article titled: “The Finance Company For An All-Weather Portfolio: Credit Acceptance” with publication date: May 04, 2017.

Investors sentiment decreased to 1.3 in 2017 Q2. Its down 0.01, from 1.31 in 2017Q1. It fall, 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. Moreover, Ameriprise Finance has 0% invested in Credit Acceptance Corp. (NASDAQ:CACC). Thompson Siegel Walmsley Llc reported 204 shares or 0% of all its holdings. Hound Prns Ltd Co invested in 1.22M shares or 7.96% of the stock. Gabelli Funds Ltd Liability Company has 1,250 shares. Ruane Cunniff Goldfarb Inc owns 1.08M shares. Jefferies Ltd Llc has 0% invested in Credit Acceptance Corp. (NASDAQ:CACC). 4,251 are owned by Strategic Advsrs Ltd Limited Liability Company. D E Shaw holds 0% or 6,725 shares in its portfolio. Soros Fund Mgmt Limited Liability Com owns 25,600 shares. Moreover, Swiss Bancorporation has 0% invested in Credit Acceptance Corp. (NASDAQ:CACC). Dimensional Fund Lp stated it has 179,251 shares or 0.02% of all its holdings. Quantitative Inv Management Ltd Liability Corp, a Virginia-based fund reported 27,800 shares. Beck Mack And Oliver Ltd Liability Co stated it has 3.15% of its portfolio in Credit Acceptance Corp. (NASDAQ:CACC). Goldman Sachs has invested 0.01% in Credit Acceptance Corp. (NASDAQ:CACC). Clark Capital Gru reported 4,173 shares stake.

Since May 3, 2017, it had 0 buys, and 25 sales for $100.47 million activity. 5,000 Credit Acceptance Corp. (NASDAQ:CACC) shares with value of $1.08 million were sold by BUSK DOUGLAS W. SMITH ARTHUR L sold $344,619 worth of stock or 1,596 shares. $13.92 million worth of Credit Acceptance Corp. (NASDAQ:CACC) was sold by JONES STEVEN M on Wednesday, May 3. 4,000 shares were sold by PEARCE CHARLES A, worth $863,063.

Analysts await Credit Acceptance Corp. (NASDAQ:CACC) to report earnings on November, 7. They expect $5.15 earnings per share, up 13.69% or $0.62 from last year’s $4.53 per share. CACC’s profit will be $99.96M for 13.93 P/E if the $5.15 EPS becomes a reality. After $5.22 actual earnings per share reported by Credit Acceptance Corp. for the previous quarter, Wall Street now forecasts -1.34% negative EPS growth.

Among 10 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 0 have Buy rating, 5 Sell and 5 Hold. Therefore 0 are positive. Credit Acceptance Corp had 18 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Tuesday, August 1 by Credit Suisse. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Buy”. The stock of Credit Acceptance Corp. (NASDAQ:CACC) has “Underperform” rating given on Wednesday, July 27 by Credit Suisse. The company was downgraded on Wednesday, March 16 by JMP Securities. The rating was initiated by Susquehanna with “Neutral” on Monday, January 23. On Wednesday, May 11 the stock rating was downgraded by Macquarie Research to “Underperform”. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, August 1. The stock has “Neutral” rating by Janney Capital on Monday, June 20. The rating was downgraded by Compass Point on Tuesday, September 6 to “Sell”. The stock has “Neutral” rating by Compass Point on Tuesday, November 10.

Among 34 analysts covering Microsoft Corporation (NASDAQ:MSFT), 27 have Buy rating, 2 Sell and 5 Hold. Therefore 79% are positive. Microsoft Corporation has $9000 highest and $20 lowest target. $74.36’s average target is -2.16% below currents $76 stock price. Microsoft Corporation had 117 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, March 17, the company rating was reinitiated by Oppenheimer. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, July 3. The firm has “Hold” rating by Canaccord Genuity given on Monday, May 16. On Tuesday, July 19 the stock rating was initiated by William Blair with “Market Perform”. Credit Suisse maintained the stock with “Buy” rating in Tuesday, August 22 report. Stifel Nicolaus maintained it with “Buy” rating and $8000 target in Friday, July 21 report. Canaccord Genuity maintained the shares of MSFT in report on Thursday, June 1 with “Hold” rating. The firm has “Outperform” rating given on Wednesday, July 20 by FBN Securities. On Tuesday, November 10 the stock rating was maintained by Piper Jaffray with “Overweight”. The firm has “Buy” rating given on Monday, January 23 by Tigress Financial.

Route One Investment Company Lp, which manages about $1.78 billion and $2.58 billion US Long portfolio, upped its stake in Liberty Global Plc (NASDAQ:LBTYK) by 1.37M shares to 2.28 million shares, valued at $71.20 million in 2017Q2, according to the filing. It also increased its holding in Liberty Global Plc (NASDAQ:LBTYA) by 605,500 shares in the quarter, for a total of 7.35M shares, and has risen its stake in Herbalife Ltd. (NYSE:HLF).

Since May 1, 2017, it had 0 buys, and 8 sales for $1.04 billion activity. Capossela Christopher C sold $207,339 worth of stock. The insider Morfit G Mason sold $481.95 million. GATES WILLIAM H III also sold $172.24M worth of Microsoft Corporation (NASDAQ:MSFT) shares.

Investors sentiment decreased to 0.82 in Q2 2017. Its down 0.02, from 0.84 in 2017Q1. It turned negative, as 39 investors sold MSFT shares while 982 reduced holdings. 132 funds opened positions while 703 raised stakes. 5.53 billion shares or 0.72% more from 5.49 billion shares in 2017Q1 were reported. L S Advsrs Inc reported 1.86% stake. Duncker Streett & Co owns 50,273 shares. Moreover, Koch Inc has 0.16% invested in Microsoft Corporation (NASDAQ:MSFT) for 582,377 shares. Sawgrass Asset Mgmt Ltd Liability has invested 4.53% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Evergreen Mngmt Ltd Liability Corporation holds 1.51% or 135,886 shares. Wheatland Advisors Incorporated has invested 3.92% in Microsoft Corporation (NASDAQ:MSFT). Bnp Paribas Asset Mngmt Hldgs has invested 1.58% in Microsoft Corporation (NASDAQ:MSFT). Spinnaker Tru stated it has 109,148 shares or 0.94% of all its holdings. Insight Capital Research And Mngmt Inc has invested 2.36% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Boston Private Wealth Ltd Liability holds 1.01M shares or 2.74% of its portfolio. 157,119 were accumulated by Everence Cap Mgmt Incorporated. Weaver C Barksdale And Assocs holds 1.61% or 19,980 shares. Architects Incorporated has 43,823 shares for 0.54% of their portfolio. Castleark Limited Liability holds 470,669 shares. Buckingham Asset Lc invested in 71,051 shares.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on October, 19. They expect $0.74 EPS, down 2.63% or $0.02 from last year’s $0.76 per share. MSFT’s profit will be $5.70 billion for 25.68 P/E if the $0.74 EPS becomes a reality. After $0.98 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -24.49% negative EPS growth.

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