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As Credit Accep Mich (CACC) Market Valuation Declined, Holder Citadel Advisors Cut by $6.88 Million Its Position; Montecito Bank & Trust Has Raised Its Intl Business Machines (IBM) Stake by $610,342 – EN Digest

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Montecito Bank & Trust increased its stake in Intl Business Machines Corp (IBM) by 82.07% based on its latest 2018Q3 regulatory filing with the SEC. Montecito Bank & Trust bought 4,042 shares as the company’s stock declined 16.83% with the market. The institutional investor held 8,967 shares of the computer manufacturing company at the end of 2018Q3, valued at $1.36 million, up from 4,925 at the end of the previous reported quarter. Montecito Bank & Trust who had been investing in Intl Business Machines Corp for a number of months, seems to be bullish on the $108.96B market cap company. The stock decreased 0.69% or $0.83 during the last trading session, reaching $119.9. About 4.55 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since December 16, 2017 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 20/03/2018 – International Business Machines Corp: Doc re Form 8-K; 14/03/2018 – EV Group and IBM Sign License Agreement on Laser Debonding Technology; 27/03/2018 – ITALY’S CARIGE SAYS SALE OF 1 BLN EUROS OF BAD LOANS WILL BE CARRIED OUT WITH GACS STATE-BACKED GUARANTEES; 28/03/2018 – Health Law [Reg]: Real Estate Rumors: Summit, IBM, Greystar; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 24/05/2018 – IBM and Crédit Mutuel Strengthen Their Strategic Partnership to Build the Bank of Tomorrow; 17/04/2018 – IBM: Tax Charge Is in Addition to Provisional $5.5 Billion Reported in 4Q; 29/03/2018 – IBM TO HIRE 400 ARTIFICIAL INTELLIGENCE EXPERTS IN FRANCE: AFP; 03/04/2018 – IBM Selects FANDOM SPORTS for Exclusive Blockchain Digital Mentorship Program; 08/03/2018 – IBM SAYS WILL REDUCE SHARE COUNT BY ABOUT 2 PCT ANNUALLY THROUGH SHARE BUYBACKS IN LONGER TERM MODEL

Citadel Advisors Llc decreased its stake in Credit Accep Corp Mich (CACC) by 84.5% based on its latest 2018Q3 regulatory filing with the SEC. Citadel Advisors Llc sold 15,717 shares as the company’s stock declined 15.07% with the market. The hedge fund held 2,883 shares of the consumer services company at the end of 2018Q3, valued at $1.26 million, down from 18,600 at the end of the previous reported quarter. Citadel Advisors Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $7.40 billion market cap company. The stock decreased 1.46% or $5.64 during the last trading session, reaching $381.15. About 113,704 shares traded or 24.69% up from the average. Credit Acceptance Corporation (NASDAQ:CACC) has risen 20.18% since December 16, 2017 and is uptrending. It has outperformed by 20.18% the S&P500. Some Historical CACC News: 03/05/2018 – CREDIT ACCEPTANCE 1Q CONSUMER LOAN UNIT VOL. +18.5%; 17/05/2018 – Credit Acceptance Favored by 5 Hedge Funds, 13Fs Show; 03/05/2018 – Credit Acceptance 1Q Adj EPS $6.11; 10/05/2018 – CREDIT ACCEPTANCE – ADDED NEW LENDER TO WAREHOUSE FACILITY IV & INCREASED AMOUNT OF FACILITY TO $250.0 MLN; 03/05/2018 – CREDIT ACCEPTANCE 1Q ADJ EPS $6.11, EST. $6.13; 23/04/2018 – DJ Credit Acceptance Corporation, Inst Holders, 1Q 2018 (CACC); 03/05/2018 – Credit Acceptance 1Q EPS $6.17; 10/05/2018 – Credit Acceptance Announces Increase of Revolving Secured Warehouse Facility; 06/04/2018 – CREDIT ACCEPTANCE CORP. PRESIDENT JONES TO RETIRE ON JUNE 30; 03/04/2018 – Analysis: Positioning to Benefit within ForeScout Technologies, CommerceHub, Newtek Business Services, Credit Acceptance, Akari

More notable recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Nasdaq.com which released: “Higher Costs, Stiff Competition Hurt Moody’s: Time to Sell? – Nasdaq” on December 14, 2018, also Nasdaq.com with their article: “Santander Consumer (SC) to Pay $11.8M to Settle CFPB’s Claim – Nasdaq” published on November 22, 2018, Nasdaq.com published: “ALLY or CACC: Which Is the Better Value Stock Right Now? – Nasdaq” on November 15, 2018. More interesting news about Credit Acceptance Corporation (NASDAQ:CACC) were released by: Zacks.com and their article: “Regions Financial on Track to Save Costs, Legal Woes Linger – Zacks.com” published on November 29, 2018 as well as Seekingalpha.com‘s news article titled: “Credit Acceptance surges to 52-week high after massive Q2 beat – Seeking Alpha” with publication date: August 01, 2018.

Citadel Advisors Llc, which manages about $223.10 billion US Long portfolio, upped its stake in Range Res Corp (NYSE:RRC) by 4.73 million shares to 5.26M shares, valued at $89.32M in 2018Q3, according to the filing. It also increased its holding in Model N Inc (NYSE:MODN) by 94,750 shares in the quarter, for a total of 359,913 shares, and has risen its stake in Coresite Rlty Corp (Call) (NYSE:COR).

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on January, 29. They expect $7.45 EPS, up 44.38% or $2.29 from last year’s $5.16 per share. CACC’s profit will be $144.60 million for 12.79 P/E if the $7.45 EPS becomes a reality. After $7.56 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts -1.46% negative EPS growth.

Investors sentiment decreased to 0.99 in Q3 2018. Its down 0.14, from 1.13 in 2018Q2. It worsened, as 15 investors sold CACC shares while 71 reduced holdings. 39 funds opened positions while 46 raised stakes. 10.32 million shares or 8.42% less from 11.27 million shares in 2018Q2 were reported. Engineers Gate Manager Limited Partnership invested in 0.02% or 573 shares. Boothbay Fund Management Ltd Com holds 2,139 shares. Employees Retirement Association Of Colorado invested in 0.01% or 1,944 shares. Clough Prtn LP reported 32,405 shares or 1.34% of all its holdings. Midas Mngmt Corporation, a New York-based fund reported 11,500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Credit Acceptance Corporation (NASDAQ:CACC). Cubist Systematic Strategies Ltd Liability Co holds 0.02% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 1,030 shares. Guggenheim Lc holds 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 1,428 shares. Bankshares Of New York Mellon Corporation has 53,906 shares. Signaturefd Lc holds 45 shares. Panagora Asset holds 0% or 1,055 shares in its portfolio. Janney Cap Mngmt Lc owns 0.01% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 1,717 shares. Rbo And Lc has 0.06% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 550 shares. Element Cap Management Limited Liability Corp stated it has 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). 428,148 are owned by Bloombergsen Inc.

Since June 20, 2018, it had 0 insider buys, and 8 sales for $52.76 million activity. Booth Kenneth sold $750,000 worth of Credit Acceptance Corporation (NASDAQ:CACC) on Wednesday, June 20. SMITH ARTHUR L also sold $921,960 worth of Credit Acceptance Corporation (NASDAQ:CACC) shares. Shares for $270,100 were sold by BUSK DOUGLAS W. 5,000 shares were sold by VASSALLUZZO SCOTT J, worth $2.07M.

Among 12 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 5 Sell and 6 Hold. Therefore 8% are positive. Credit Acceptance Corp had 36 analyst reports since July 31, 2015 according to SRatingsIntel. Compass Point upgraded Credit Acceptance Corporation (NASDAQ:CACC) rating on Tuesday, November 10. Compass Point has “Neutral” rating and $150 target. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, January 31 report. As per Thursday, September 7, the company rating was maintained by Jefferies. The firm has “Sell” rating given on Tuesday, January 2 by Stephens. The firm has “Market Underperform” rating by JMP Securities given on Wednesday, March 16. Compass Point downgraded the stock to “Sell” rating in Tuesday, September 6 report. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Buy” rating given on Tuesday, August 4 by Zacks. The firm has “Neutral” rating by Susquehanna given on Wednesday, August 1. Oppenheimer maintained Credit Acceptance Corporation (NASDAQ:CACC) rating on Thursday, April 12. Oppenheimer has “Buy” rating and $36500 target. Credit Suisse maintained it with “Underperform” rating and $335 target in Tuesday, October 30 report.

Since August 3, 2018, it had 5 buys, and 1 insider sale for $426,695 activity. 8,500 International Business Machines Corporation (NYSE:IBM) shares with value of $998,835 were bought by Rometty Virginia M. Another trade for 4,311 shares valued at $495,846 was bought by TAUREL SIDNEY. $114,673 worth of International Business Machines Corporation (NYSE:IBM) shares were bought by OWENS JAMES W. On Thursday, November 1 WADDELL FREDERICK H bought $249,722 worth of International Business Machines Corporation (NYSE:IBM) or 2,153 shares. 11,451 shares were sold by Gherson Diane J, worth $1.67M on Friday, August 3.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM forecasts 4.8% growth for retail holiday sales – Seeking Alpha” on November 23, 2018, also Investorplace.com with their article: “Wednesday’s Vital Data: Apple, Applied Materials and IBM – Investorplace.com” published on November 21, 2018, Bizjournals.com published: “Red Hat (NYSE: RHT) proxy shows ‘opportunity’ for upset bids in IBM (NYSE: IBM) deal – Triangle Business Journal” on December 13, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Bizjournals.com and their article: “Bitcoin review: IBM joins Columbia University, crypto prices tumble – New York Business Journal” published on November 23, 2018 as well as Marketwatch.com‘s news article titled: “IBM’s Ginni Rometty blasts internet companies’ ‘irresponsible handling’ of personal data – MarketWatch” with publication date: November 26, 2018.

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 141 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, October 12, the company rating was maintained by RBC Capital Markets. Wedbush maintained it with “Hold” rating and $185.0 target in Thursday, January 18 report. UBS maintained the stock with “Neutral” rating in Wednesday, October 18 report. The firm has “Underperform” rating given on Wednesday, October 12 by Credit Suisse. The stock has “Underweight” rating by Barclays Capital on Tuesday, July 19. The firm has “Hold” rating by Wedbush given on Thursday, August 3. The rating was maintained by Goldman Sachs on Tuesday, April 19 with “Neutral”. Jefferies maintained the shares of IBM in report on Thursday, June 22 with “Sell” rating. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Monday, November 13 with “Hold” rating. The company was upgraded on Thursday, August 27 by S&P Research.

Investors sentiment increased to 0.91 in Q3 2018. Its up 0.01, from 0.9 in 2018Q2. It improved, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. Mount Vernon Md, Maryland-based fund reported 6,605 shares. Trillium Asset Management has 0.03% invested in International Business Machines Corporation (NYSE:IBM). Capital Ltd Llc holds 0.64% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 71,714 shares. Optimum Investment Advsrs owns 5,558 shares. Checchi Cap Advisers Ltd Company reported 0.22% stake. Riverhead Mngmt Limited Company holds 0.15% or 27,833 shares in its portfolio. Sns Fin Gru Lc has 7,704 shares for 0.28% of their portfolio. Fiera invested 0% of its portfolio in International Business Machines Corporation (NYSE:IBM). Caz Invests Lp has 5,840 shares for 2.41% of their portfolio. Lodestar Counsel Limited Liability Il invested in 0.08% or 4,810 shares. Lombard Odier Asset Management (Switzerland) holds 0.13% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 9,001 shares. State Common Retirement Fund holds 0.42% in International Business Machines Corporation (NYSE:IBM) or 2.32M shares. Beck Mack & Oliver Ltd Liability Corporation invested in 20,290 shares or 0.1% of the stock. 3,971 are owned by Round Table Serv Ltd Liability Corporation. Commonwealth Bancshares Of Australia has 191,910 shares.

Montecito Bank & Trust, which manages about $335.10 million US Long portfolio, decreased its stake in Ishares Core S&P Mid (IJH) by 2,263 shares to 73,034 shares, valued at $14.70 million in 2018Q3, according to the filing. It also reduced its holding in Ishares Msci Eafe Etf (EFA) by 61,833 shares in the quarter, leaving it with 199,652 shares, and cut its stake in Ishares Russell 1000 Growth Etf (IWF).

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Source: on 2018-12-16 16:00:45

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