Credit Accep Mich (CACC) Share Price Rose While Hound Partners Trimmed Stake; Mad River Investors Increased Its Stake in Texas Pac Ld Tr (TPL) by $5.52 Million as Valuation Declined

February 15, 2018 - By Michael Collier

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 1.22M 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 $6.24 billion market cap company. The stock increased 1.98% or $6.25 during the last trading session, reaching $321.61. About 165,264 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 27.46% since February 15, 2017 and is uptrending. It has outperformed by 10.76% the S&P500.

Mad River Investors increased its stake in Texas Pac Ld Tr (TPL) by 30.61% based on its latest 2017Q3 regulatory filing with the SEC. Mad River Investors bought 13,656 shares as the company’s stock declined 4.81% while stock markets rallied. The hedge fund held 58,266 shares of the oil & gas production company at the end of 2017Q3, valued at $23.55 million, up from 44,610 at the end of the previous reported quarter. Mad River Investors who had been investing in Texas Pac Ld Tr for a number of months, seems to be bullish on the $3.90B market cap company. The stock increased 1.44% or $7.08 during the last trading session, reaching $497.1. About 12,804 shares traded. Texas Pacific Land Trust (NYSE:TPL) has risen 81.36% since February 15, 2017 and is uptrending. It has outperformed by 64.66% the S&P500.

Investors sentiment decreased to 1.12 in Q3 2017. Its down 0.10, from 1.22 in 2017Q2. It dropped, as 8 investors sold TPL shares while 33 reduced holdings. 23 funds opened positions while 23 raised stakes. 2.87 million shares or 0.06% less from 2.88 million shares in 2017Q2 were reported. Millennium Management Ltd Liability Corporation accumulated 0% or 3,203 shares. Fifth Third Bancshares has invested 0.01% in Texas Pacific Land Trust (NYSE:TPL). Qs Investors Limited Co, New York-based fund reported 2 shares. Kennedy Capital Incorporated owns 9,802 shares or 0.07% of their US portfolio. First Manhattan Company accumulated 0.37% or 158,106 shares. Hightower Advisors Limited Com reported 600 shares stake. Wellington Mngmt Gru Ltd Liability Partnership holds 0% or 515 shares. The Maryland-based Brown Advisory has invested 0% in Texas Pacific Land Trust (NYSE:TPL). Fernwood Management Ltd Liability owns 0.71% invested in Texas Pacific Land Trust (NYSE:TPL) for 2,825 shares. Arrowstreet Capital Lp stated it has 12,802 shares or 0.01% of all its holdings. Moreover, Teacher Retirement Of Texas has 0% invested in Texas Pacific Land Trust (NYSE:TPL) for 522 shares. 5,335 were accumulated by Holt Capital Advsr Limited Liability Com Dba Holt Capital Partners Lp. Moreover, Bahl & Gaynor has 0.02% invested in Texas Pacific Land Trust (NYSE:TPL) for 4,200 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 242 shares. 5,324 were accumulated by Raymond James & Associates.

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

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. On Wednesday, August 26 the stock rating was upgraded by JMP Securities to “Market Perform”. The stock has “Sell” rating by Stephens on Tuesday, January 2. The stock has “Hold” rating by Susquehanna on Thursday, January 4. The rating was maintained by BMO Capital Markets with “Market Perform” on Tuesday, August 1. The company was downgraded on Tuesday, August 4 by Zacks. The stock has “Neutral” rating by Susquehanna on Monday, January 23. The firm earned “Hold” rating on Wednesday, January 10 by Jefferies. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Hold” rating by Jefferies on Tuesday, October 31. The stock has “Underperform” rating by Credit Suisse on Wednesday, July 27. BMO Capital Markets maintained Credit Acceptance Corporation (NASDAQ:CACC) on Friday, October 6 with “Hold” rating.

Hound Partners Llc, which manages about $3.00 billion and $4.21B US Long portfolio, upped its stake in Liberty Broadband Corp by 754,817 shares to 2.11M shares, valued at $201.09M 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 Altice Usa Inc.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.27, from 1.3 in 2017Q2. It is negative, 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. Clark Cap Management Gru reported 0.04% stake. Deutsche Commercial Bank Ag holds 0% in Credit Acceptance Corporation (NASDAQ:CACC) or 2,784 shares. Abrams Bison Invs Ltd reported 54.65% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Wellington Mngmt Group Limited Liability Partnership holds 0.04% or 578,702 shares. 1.07M are held by Ruane Cunniff Goldfarb. Parametric Port Associates Lc owns 50,674 shares. Dixon Hubard Feinour Brown Va holds 1.72% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 21,407 shares. State Of Wisconsin Investment Board reported 2,276 shares stake. Bnp Paribas Arbitrage has 0.01% invested in Credit Acceptance Corporation (NASDAQ:CACC). Cornerstone Capital Mngmt Ltd Company reported 0.03% in Credit Acceptance Corporation (NASDAQ:CACC). Oppenheimer Asset Inc stated it has 764 shares. Ameriprise Financial stated it has 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). 22,622 are owned by Mackenzie Corporation. Shell Asset Communications reported 0.06% stake. Ingalls Snyder Llc reported 88,605 shares.

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