W-G Shaheen & Associates Dba Whitney & Co Holds Stake in Chevron New (CVX); Credit Accep Mich (CACC) Shareholder Goodnow Investment Group Cut Stake

June 22, 2018 - By Ash

Chevron Corporation (NYSE:CVX) Logo

Edward Goodnow decreased its stake in Credit Accep Corp Mich (CACC) by 14.34% based on its latest 2018Q1 regulatory filing with the SEC. Goodnow Investment Group Llc sold 28,799 shares as the company’s stock rose 13.61% while stock markets declined. The hedge fund run by Edward Goodnow held 172,059 shares of the consumer services company at the end of 2018Q1, valued at $56.85 million, down from 200,858 at the end of the previous reported quarter. Goodnow Investment Group Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $7.16B market cap company. The stock decreased 1.60% or $6.01 during the last trading session, reaching $368.78. About 61,662 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 65.09% since June 22, 2017 and is uptrending. It has outperformed by 52.52% the S&P500. Some Historical CACC News: 03/05/2018 – CREDIT ACCEPTANCE 1Q CONSUMER LOAN UNIT VOL. +18.5%; 23/04/2018 – DJ Credit Acceptance Corporation, Inst Holders, 1Q 2018 (CACC); 03/05/2018 – Credit Acceptance 1Q Rev $295.6M; 09/05/2018 – Moody’s Assigns Provisional Ratings To Credit Acceptance Auto Loan Trust 2018-2; 10/05/2018 – Credit Acceptance Announces Increase of Revolving Secured Warehouse Facility; 24/05/2018 – Moody’s Assigns Definitive Ratings To Credit Acceptance Auto Loan Trust 2018-2; 03/05/2018 – CREDIT ACCEPTANCE 1Q REV. $295.6M, EST. $293.6M; 03/05/2018 – Credit Acceptance 1Q Net $120.1M; 18/04/2018 – Credit Acceptance Volume Jumps More Than Eight Times Average; 06/04/2018 – CREDIT ACCEPTANCE CORP. PRESIDENT JONES TO RETIRE ON JUNE 30

W-G Shaheen & Associates Dba Whitney & Co increased its stake in Chevron Corp New (CVX) by 163.87% based on its latest 2018Q1 regulatory filing with the SEC. W-G Shaheen & Associates Dba Whitney & Co bought 30,172 shares as the company’s stock rose 6.62% while stock markets declined. The institutional investor held 48,584 shares of the integrated oil company at the end of 2018Q1, valued at $5.54M, up from 18,412 at the end of the previous reported quarter. W-G Shaheen & Associates Dba Whitney & Co who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $234.27B market cap company. The stock decreased 2.16% or $2.7 during the last trading session, reaching $122.59. About 7.29M shares traded or 8.47% up from the average. Chevron Corporation (NYSE:CVX) has risen 16.25% since June 22, 2017 and is uptrending. It has outperformed by 3.68% the S&P500. Some Historical CVX News: 18/04/2018 – Daily Caller: Venezuela Imprisons Chevron Executives In Further Crackdown On Oil Producers; 26/03/2018 – Cal EMA Spills: SPILL Report – Chevron – 03/26/2018 11:15 AM; 03/05/2018 – CHEVRON FILES FOR POTENTIAL DEBT SHELF OFFERING; SIZE NOT DISCLOSED – SEC FILING; 13/04/2018 – Chevron greenlights Gorgon LNG expansion off west Australian coast; 17/04/2018 – FoodEnvReportingNet: Sources say Chevron and Exxon Mobil have asked the EPA for a hardship waiver from the ethanol mandate; 07/03/2018 – Australia’s Woodside drops Grassy Point LNG plan in Canada; 19/03/2018 – Cal EMA Spills: SPILL Report – Chevron – 03/19/2018 02:33 PM; 09/03/2018 – SA’S COMPETITION TRIBUNAL – APPROVED MERGER INVOLVING CHINA’S LARGEST PETROLEUM REFINERY OWNER, HONG KONG BASED SINOPEC CORP AND CHEVRON SOUTH AFRICA; 06/04/2018 – CHEVRON HAS REQUESTED EXTENSION OF CONTRACT TO OPERATE ROKAN BLOCK IN INDONESIA BEYOND 2021 -ENERGY MINISTRY OFFICIAL; 06/03/2018 – Chevron says looking to resume share buybacks

Since February 5, 2018, it had 0 insider buys, and 3 selling transactions for $1.83 million activity. The insider BUSK DOUGLAS W sold 1,000 shares worth $319,860. Soave John S. had sold 2,500 shares worth $842,525 on Friday, March 16.

Goodnow Investment Group Llc, which manages about $697.23 million and $533.73M US Long portfolio, upped its stake in Axalta Coating Sys Ltd by 238,576 shares to 278,166 shares, valued at $8.40M in 2018Q1, according to the filing. It also increased its holding in Zebra Technologies Corp (NASDAQ:ZBRA) by 2,170 shares in the quarter, for a total of 502,879 shares, and has risen its stake in Strayer Ed Inc (NASDAQ:STRA).

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on July, 30. They expect $6.47 EPS, up 23.95% or $1.25 from last year’s $5.22 per share. CACC’s profit will be $125.58M for 14.25 P/E if the $6.47 EPS becomes a reality. After $6.11 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 5.89% EPS growth.

More notable recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Globenewswire.com which released: “Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing” on May 24, 2018, also Gurufocus.com with their article: “6 Undervalued Companies Growing Earnings” published on June 19, 2018, Nasdaq.com published: “Recent Analysis Shows Credit Acceptance, Hanmi Financial, Upland Software, John B. Sanfilippo & Son, Green, and …” on May 25, 2018. More interesting news about Credit Acceptance Corporation (NASDAQ:CACC) were released by: Seekingalpha.com and their article: “Credit Acceptance: Loan Book Analysis” published on June 18, 2018 as well as Nasdaq.com‘s news article titled: “Credit Acceptance Named #4 Midsize Company on IDG’s Computerworld 2018 List of Best Places to Work in IT” with publication date: June 18, 2018.

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.18, from 1.04 in 2017Q4. It fall, as 32 investors sold CACC shares while 55 reduced holdings. 29 funds opened positions while 46 raised stakes. 11.67 million shares or 9.12% less from 12.84 million shares in 2017Q4 were reported. Parametric Portfolio Ltd Co stated it has 0.02% in Credit Acceptance Corporation (NASDAQ:CACC). Moreover, Victory Cap Mgmt has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 6,869 shares. 2,900 were accumulated by Schroder Management Grp Incorporated. Oppenheimer Asset Mngmt Incorporated stated it has 904 shares or 0.01% of all its holdings. Federated Pa holds 0% or 20 shares. Signaturefd Limited Liability Corporation reported 0% stake. Wellington Group Incorporated Limited Liability Partnership, Massachusetts-based fund reported 680,105 shares. Gabelli Funds Llc holds 0% or 1,000 shares in its portfolio. Vident Investment Advisory Lc reported 0.02% stake. 1,863 are held by Proshare Advsrs Limited Liability Corp. Swiss Natl Bank owns 11,777 shares. Dreman Value Management L L C has invested 0.25% in Credit Acceptance Corporation (NASDAQ:CACC). One Trading Limited Partnership accumulated 0.03% or 8,783 shares. Brandywine Inv Mngmt Limited Liability Corporation has invested 0.03% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Utah Retirement Systems reported 2,045 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 30 analyst reports since July 31, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of CACC in report on Tuesday, October 31 with “Underperform” rating. JMP Securities upgraded the stock to “Market Perform” rating in Wednesday, August 26 report. As per Tuesday, August 1, the company rating was maintained by BMO Capital Markets. Macquarie Research downgraded the stock to “Underperform” rating in Wednesday, May 11 report. On Wednesday, July 27 the stock rating was downgraded by Credit Suisse to “Underperform”. The firm has “Buy” rating given on Tuesday, August 4 by Zacks. The company was initiated on Monday, January 23 by Susquehanna. BMO Capital Markets maintained it with “Hold” rating and $238.0 target in Friday, October 6 report. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Buy” rating given on Monday, January 8 by Oppenheimer. Janney Capital upgraded Credit Acceptance Corporation (NASDAQ:CACC) on Monday, June 20 to “Neutral” rating.

W-G Shaheen & Associates Dba Whitney & Co, which manages about $275.21M and $349.55M US Long portfolio, decreased its stake in Aflac Inc (NYSE:AFL) by 56,384 shares to 286 shares, valued at $13,000 in 2018Q1, according to the filing. It also reduced its holding in Metlife Inc (NYSE:MET) by 30,242 shares in the quarter, leaving it with 2,500 shares, and cut its stake in Boeing Co (NYSE:BA).

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Alberto affecting Gulf oil production” on May 28, 2018, also Seekingalpha.com with their article: “Chevron: Bullish Off-Season Asian LNG Pricing” published on June 07, 2018, 247Wallst.com published: “Chevron, Caterpillar Sink the Dow Thursday” on June 21, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron: Why I See Further Upside” published on June 14, 2018 as well as Gurufocus.com‘s news article titled: “US Market Indexes Close Lower on Thursday” with publication date: June 21, 2018.

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.09, from 0.99 in 2017Q4. It dropped, as 55 investors sold CVX shares while 718 reduced holdings. 114 funds opened positions while 579 raised stakes. 1.19 billion shares or 0.11% more from 1.19 billion shares in 2017Q4 were reported. Tci Wealth Advsr stated it has 40,858 shares. Kahn Brothers Gp De reported 0% in Chevron Corporation (NYSE:CVX). Intrust Bancorporation Na invested in 1.28% or 38,912 shares. Tru Of Toledo Na Oh owns 61,967 shares. Hills Bank & Com has invested 0.52% in Chevron Corporation (NYSE:CVX). Moreover, Iconiq Cap Lc has 0.03% invested in Chevron Corporation (NYSE:CVX). Foothills Asset Management Ltd holds 1.91% or 21,375 shares. Blair William And Il has invested 0.36% in Chevron Corporation (NYSE:CVX). Mitchell Sinkler & Starr Pa stated it has 2.52% in Chevron Corporation (NYSE:CVX). Moreover, Accredited has 0.15% invested in Chevron Corporation (NYSE:CVX). Savant Capital Limited Com stated it has 0.41% of its portfolio in Chevron Corporation (NYSE:CVX). Transamerica Financial Advsrs Inc reported 508 shares. Dearborn Prtn Lc invested in 0.67% or 76,676 shares. Solutions Limited Company reported 0% stake. Skba Cap Ltd Limited Liability Company has 179,580 shares.

Among 36 analysts covering Chevron Corporation (NYSE:CVX), 28 have Buy rating, 0 Sell and 8 Hold. Therefore 78% are positive. Chevron Corporation had 125 analyst reports since August 4, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $160.0 target in Thursday, December 21 report. As per Wednesday, February 28, the company rating was upgraded by Bank of America. Bank of America upgraded the stock to “Neutral” rating in Monday, August 24 report. RBC Capital Markets maintained it with “Sell” rating and $105.0 target in Tuesday, November 7 report. The company was maintained on Tuesday, October 10 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Sell” on Wednesday, December 20. Macquarie Research upgraded Chevron Corporation (NYSE:CVX) on Monday, December 21 to “Outperform” rating. As per Thursday, December 1, the company rating was upgraded by Independent Research. On Friday, September 22 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock has “Outperform” rating by Wells Fargo on Thursday, June 7.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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