As Credit Accep Mich (CACC) Market Valuation Rose, Holder Hound Partners Lowered Its Holding by $84.92 Million; Investment Counselors Of Maryland Stake in Lydall (LDL) Has Lifted by $1.72 Million as Market Value Declined

February 24, 2018 - By Dolores Ford

Jonathan Auerbach decreased its stake in Credit Accep Corp Mich (CACC) by 24.76% based on its latest 2017Q3 regulatory filing with the SEC. Hound Partners Llc sold 303,283 shares as the company’s stock rose 15.18% with the market. The hedge fund run by Jonathan Auerbach held 921,628 shares of the consumer services company at the end of 2017Q3, valued at $258.21 million, down from 1.22 million 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 $6.17B market cap company. The stock increased 1.13% or $3.54 during the last trading session, reaching $317.87. About 61,233 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 27.46% since February 24, 2017 and is uptrending. It has outperformed by 10.76% the S&P500.

Investment Counselors Of Maryland Llc increased its stake in Lydall Inc (LDL) by 8.13% based on its latest 2017Q3 regulatory filing with the SEC. Investment Counselors Of Maryland Llc bought 30,260 shares as the company’s stock declined 18.79% while stock markets rallied. The institutional investor held 402,241 shares of the capital goods company at the end of 2017Q3, valued at $23.05M, up from 371,981 at the end of the previous reported quarter. Investment Counselors Of Maryland Llc who had been investing in Lydall Inc for a number of months, seems to be bullish on the $829.34M market cap company. The stock decreased 1.54% or $0.75 during the last trading session, reaching $48.1. About 111,020 shares traded or 45.87% up from the average. Lydall, Inc. (NYSE:LDL) has risen 30.69% since February 24, 2017 and is uptrending. It has outperformed by 13.99% the S&P500.

Investors sentiment increased to 1.41 in 2017 Q3. Its up 0.16, from 1.25 in 2017Q2. It increased, as 9 investors sold LDL shares while 42 reduced holdings. 26 funds opened positions while 46 raised stakes. 15.13 million shares or 1.19% more from 14.95 million shares in 2017Q2 were reported. Moreover, California Employees Retirement Sys has 0.01% invested in Lydall, Inc. (NYSE:LDL). Arizona State Retirement System, a Arizona-based fund reported 8,924 shares. New York State Teachers Retirement Sys holds 0.01% or 63,371 shares in its portfolio. Thrivent Financial For Lutherans stated it has 10,520 shares. California State Teachers Retirement Sys holds 0% of its portfolio in Lydall, Inc. (NYSE:LDL) for 26,732 shares. Northern Trust Corp has invested 0% in Lydall, Inc. (NYSE:LDL). Royal Bancorporation Of Canada holds 0.03% or 945,642 shares. Trexquant Investment Limited Partnership holds 0.1% or 7,254 shares. Blackrock Inc reported 2.10M shares stake. Teton Advisors reported 0.58% stake. Farmers And Merchants Investments holds 0% in Lydall, Inc. (NYSE:LDL) or 128 shares. Aqr Cap Mngmt Limited Liability Company has invested 0% in Lydall, Inc. (NYSE:LDL). State Of Tennessee Treasury Department, Tennessee-based fund reported 15,088 shares. Virginia Retirement System Et Al accumulated 0.01% or 16,000 shares. Clarivest Asset Management Ltd Liability reported 20,800 shares stake.

Since September 15, 2017, it had 0 insider purchases, and 1 sale for $147,352 activity.

Among 3 analysts covering Lydall (NYSE:LDL), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Lydall had 6 analyst reports since August 29, 2016 according to SRatingsIntel. Sidoti downgraded the shares of LDL in report on Monday, August 29 to “Neutral” rating. Sidoti upgraded Lydall, Inc. (NYSE:LDL) on Wednesday, September 13 to “Buy” rating. TH Capital initiated the stock with “Buy” rating in Wednesday, November 9 report. The firm has “Buy” rating given on Wednesday, November 9 by Roth Capital. Roth Capital maintained Lydall, Inc. (NYSE:LDL) on Monday, July 31 with “Buy” rating. The stock has “Buy” rating by Roth Capital on Monday, June 26.

Investment Counselors Of Maryland Llc, which manages about $2.15B and $1.96 billion US Long portfolio, decreased its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 30,030 shares to 595,841 shares, valued at $21.53 million in 2017Q3, according to the filing. It also reduced its holding in Regal Beloit Corp (NYSE:RBC) by 29,885 shares in the quarter, leaving it with 236,698 shares, and cut its stake in Enterprise Financial Services (NASDAQ:EFSC).

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on May, 7. They expect $5.31 earnings per share, up 13.70% or $0.64 from last year’s $4.67 per share. CACC’s profit will be $103.07M for 14.97 P/E if the $5.31 EPS becomes a reality. After $5.16 actual earnings per share reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 2.91% EPS growth.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.27, from 1.3 in 2017Q2. It worsened, as 24 investors sold CACC shares while 49 reduced holdings. 29 funds opened positions while 46 raised stakes. 13.13 million shares or 4.29% less from 13.72 million shares in 2017Q2 were reported. Barclays Public Ltd Com accumulated 0% or 11,823 shares. Force Management Limited Liability owns 4,186 shares. 2,473 are owned by Sterling Management Limited Liability Company. The Kentucky-based Alphamark Advisors Llc has invested 0.44% in Credit Acceptance Corporation (NASDAQ:CACC). Geode Limited Liability Company reported 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Envestnet Asset Mgmt reported 2,407 shares. Clearbridge Invests Limited Liability Corp invested in 148 shares. Wellington Mngmt Group Inc Inc Limited Liability Partnership reported 0.04% in Credit Acceptance Corporation (NASDAQ:CACC). Tiaa Cref Investment Limited Company holds 0.04% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 196,037 shares. Macquarie Gp Incorporated Ltd invested in 900 shares or 0% of the stock. Schroder Investment Mgmt Gp invested in 3,700 shares or 0% of the stock. Rathbone Brothers Public Limited Company has invested 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Dimensional Fund Advsrs LP reported 191,207 shares. 1,927 were accumulated by Janney Montgomery Scott Limited Co. Victory Mgmt Inc holds 49,333 shares.

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 29 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Credit Suisse given on Tuesday, October 31. The company was downgraded on Wednesday, March 16 by JMP Securities. As per Tuesday, August 1, the company rating was maintained by Credit Suisse. The firm has “Neutral” rating by Susquehanna given on Monday, January 23. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Buy”. The company was maintained on Tuesday, October 31 by Jefferies. The stock has “Hold” rating by Susquehanna on Thursday, January 4. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, October 31. On Tuesday, January 2 the stock rating was maintained by Stephens with “Sell”. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Underperform” rating by Macquarie Research on Wednesday, May 11.

Hound Partners Llc, which manages about $3.00B and $4.21 billion US Long portfolio, upped its stake in Fortinet Inc (NASDAQ:FTNT) by 1.84 million shares to 6.57 million shares, valued at $235.61 million in 2017Q3, according to the filing. It also increased its holding in Hilton Worldwide Hldgs Inc by 261,950 shares in the quarter, for a total of 7.31M shares, and has risen its stake in Alphabet Inc.

Since February 5, 2018, it had 0 buys, and 1 sale for $319,860 activity.

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