Cantillon Capital Management Stake in Credit Accep Mich (CACC) Cut by $7.51 Million; F M C (FMC) Stock Value Declined While New Mountain Vantage Advisers Cut Holding

May 20, 2018 - By Migdalia James

FMC Corporation (NYSE:FMC) Logo

Steven B. Klinsky decreased its stake in F M C Corp (FMC) by 58.65% based on its latest 2017Q4 regulatory filing with the SEC. New Mountain Vantage Advisers Llc sold 207,776 shares as the company’s stock declined 21.14% with the market. The hedge fund run by Steven B. Klinsky held 146,463 shares of the major chemicals company at the end of 2017Q4, valued at $13.86M, down from 354,239 at the end of the previous reported quarter. New Mountain Vantage Advisers Llc who had been investing in F M C Corp for a number of months, seems to be less bullish one the $12.31 billion market cap company. The stock decreased 0.96% or $0.89 during the last trading session, reaching $91.51. About 835,935 shares traded. FMC Corporation (NYSE:FMC) has risen 22.51% since May 20, 2017 and is uptrending. It has outperformed by 10.96% the S&P500.

William Von Mueffling decreased its stake in Credit Accep Corp Mich (CACC) by 6.38% based on its latest 2017Q4 regulatory filing with the SEC. Cantillon Capital Management Llc sold 23,261 shares as the company’s stock rose 1.15% while stock markets declined. The hedge fund run by William Von Mueffling held 341,504 shares of the consumer services company at the end of 2017Q4, valued at $110.47 million, down from 364,765 at the end of the previous reported quarter. Cantillon Capital Management Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $6.83 billion market cap company. The stock decreased 0.45% or $1.58 during the last trading session, reaching $352.06. About 140,479 shares traded or 37.30% up from the average. Credit Acceptance Corporation (NASDAQ:CACC) has risen 74.80% since May 20, 2017 and is uptrending. It has outperformed by 63.25% the S&P500.

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. The firm earned “Hold” rating on Tuesday, October 31 by Jefferies. JMP Securities downgraded Credit Acceptance Corporation (NASDAQ:CACC) on Wednesday, March 16 to “Market Underperform” rating. The stock has “Hold” rating by Jefferies on Thursday, September 7. The company was initiated on Monday, January 8 by Oppenheimer. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Sell” rating given on Tuesday, September 6 by Compass Point. The rating was downgraded by Macquarie Research to “Underperform” on Wednesday, May 11. BMO Capital Markets maintained it with “Hold” rating and $295.0 target in Wednesday, January 31 report. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Hold” rating given on Tuesday, January 30 by Susquehanna. Raymond James upgraded the stock to “Hold” rating in Tuesday, August 1 report. The firm earned “Market Perform” rating on Tuesday, October 31 by BMO Capital Markets.

More recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Seekingalpha.com which released: “Credit Acceptance’s (CACC) CEO Brett Roberts on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Also Globenewswire.com published the news titled: “Credit Acceptance Announces Increase of Revolving Secured Warehouse Facility” on May 10, 2018. Nasdaq.com‘s news article titled: “Credit Acceptance Announces First Quarter 2018 Earnings” with publication date: May 03, 2018 was also an interesting one.

Since February 5, 2018, it had 0 insider purchases, and 3 insider sales for $1.83 million activity. BUSK DOUGLAS W sold $319,860 worth of Credit Acceptance Corporation (NASDAQ:CACC) on Monday, February 5. On Friday, March 16 the insider Soave John S. sold $842,525.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.01, from 1.03 in 2017Q3. It improved, as 18 investors sold CACC shares while 60 reduced holdings. 35 funds opened positions while 46 raised stakes. 12.84 million shares or 2.21% less from 13.13 million shares in 2017Q3 were reported. First State Bank Of Omaha invested in 21,648 shares. Parametric Assoc Ltd Liability Corp has 0.02% invested in Credit Acceptance Corporation (NASDAQ:CACC). 1,486 are owned by Force Cap Ltd Liability. Voya Inv Mgmt Ltd Liability Corp accumulated 3,995 shares. Brown Advisory accumulated 1,238 shares. Lord Abbett & Limited has 0.06% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 63,527 shares. Chicago Equity Ptnrs Ltd Com reported 0.18% stake. Aqr Capital Management Lc stated it has 70,881 shares or 0.02% of all its holdings. State Street has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Midas Mgmt Corp accumulated 11,500 shares. Mariner Wealth Advisors Ltd Limited Liability Company holds 0.03% or 2,547 shares in its portfolio. Blair William And Communications Il has invested 0.03% in Credit Acceptance Corporation (NASDAQ:CACC). 1,857 were reported by Proshare Limited Liability. Cantillon Cap Mgmt Ltd reported 1.31% in Credit Acceptance Corporation (NASDAQ:CACC). Credit Suisse Ag has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC).

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on July, 30. They expect $6.48 earnings per share, up 24.14% or $1.26 from last year’s $5.22 per share. CACC’s profit will be $125.77M for 13.58 P/E if the $6.48 EPS becomes a reality. After $6.11 actual earnings per share reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 6.06% EPS growth.

Among 32 analysts covering FMC Tech (NYSE:FMC), 24 have Buy rating, 1 Sell and 7 Hold. Therefore 75% are positive. FMC Tech had 101 analyst reports since July 23, 2015 according to SRatingsIntel. Citigroup maintained FMC Corporation (NYSE:FMC) on Friday, July 15 with “Neutral” rating. The company was maintained on Wednesday, November 8 by KeyBanc Capital Markets. Jefferies maintained it with “Buy” rating and $10000 target in Monday, August 14 report. The rating was maintained by Credit Suisse on Wednesday, February 14 with “Outperform”. The firm has “Buy” rating by Jefferies given on Thursday, May 25. The company was maintained on Monday, July 10 by RBC Capital Markets. The firm has “Outperform” rating given on Monday, May 15 by Wells Fargo. Robert W. Baird initiated it with “Neutral” rating and $67 target in Thursday, March 23 report. The firm has “Outperform” rating by Cowen & Co given on Friday, September 18. The stock has “Buy” rating by RBC Capital Markets on Monday, June 5.

Since December 12, 2017, it had 0 insider purchases, and 3 sales for $7.30 million activity. BRONDEAU PIERRE R also sold $6.36 million worth of FMC Corporation (NYSE:FMC) on Monday, May 7. $903,031 worth of stock was sold by DOUGLAS MARK on Wednesday, February 14.

Investors sentiment is 1.09 in Q4 2017. Its the same as in 2017Q3. It has no change, as 39 investors sold FMC shares while 153 reduced holdings. only 57 funds opened positions while 153 raised stakes. 119.71 million shares or 1.28% more from 118.19 million shares in 2017Q3 were reported. Ls Invest Advsr Llc reported 6,152 shares stake. Great West Life Assurance Can invested in 0.02% or 95,551 shares. Nomura Asset Mngmt holds 0.02% or 18,665 shares in its portfolio. Neuberger Berman Grp owns 12,188 shares. C M Bidwell Associates Ltd owns 17 shares or 0% of their US portfolio. Farmers & Merchants Invests reported 0% in FMC Corporation (NYSE:FMC). Westpac Banking Corporation reported 10,559 shares stake. 8,200 were accumulated by Gateway Inv Advisers Lc. Carroll Assocs Incorporated owns 0.01% invested in FMC Corporation (NYSE:FMC) for 1,102 shares. Creative Planning invested in 0% or 6,955 shares. 160 are owned by Point72 Asia (Hong Kong). Fred Alger holds 24,051 shares. 2,651 are owned by Advisor Ptnrs Lc. Fincl Bank Of Ny Mellon Corp has invested 0.04% in FMC Corporation (NYSE:FMC). Global X Management Limited Liability Company has 4.07% invested in FMC Corporation (NYSE:FMC) for 1.88 million shares.

Analysts await FMC Corporation (NYSE:FMC) to report earnings on August, 7. They expect $1.72 earnings per share, up 258.33% or $1.24 from last year’s $0.48 per share. FMC’s profit will be $231.36 million for 13.30 P/E if the $1.72 EPS becomes a reality. After $1.84 actual earnings per share reported by FMC Corporation for the previous quarter, Wall Street now forecasts -6.52% negative EPS growth.

New Mountain Vantage Advisers Llc, which manages about $2.44 billion and $1.32 billion US Long portfolio, upped its stake in Lions Gate Entmnt Corp by 57,955 shares to 587,468 shares, valued at $19.86 million in 2017Q4, according to the filing. It also increased its holding in Transcanada Corp (NYSE:TRP) by 266,974 shares in the quarter, for a total of 596,456 shares, and has risen its stake in Adient Plc.

More notable recent FMC Corporation (NYSE:FMC) news were published by: Prnewswire.com which released: “Lithium Market Value is Set to Increase With the Demand for Li-Ion Batteries” on May 18, 2018, also Streetinsider.com with their article: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” published on May 15, 2018, Investingnews.com published: “Albemarle and FMC Forecast Lithium Price Increase Following Positive Q1 Results” on May 11, 2018. More interesting news about FMC Corporation (NYSE:FMC) were released by: Fool.com and their article: “FMC Lithium IPO and Spinoff: Here’s What Investors Should Know” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “FMC Corporation 2018 Q1 – Results – Earnings Call Slides” with publication date: May 03, 2018.

FMC Corporation (NYSE:FMC) Institutional Positions Chart

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