Indus Capital Partners Increased Its Alibaba Group Hldg LTD (BABA) Stake; Prescott General Partners Increased Its Position in Credit Accep Mich (CACC) by $28.76 Million as Stock Value Rose

May 26, 2018 - By Winifred Garcia

Prescott General Partners Llc increased its stake in Credit Accep Corp Mich (CACC) by 4.01% based on its latest 2017Q4 regulatory filing with the SEC. Prescott General Partners Llc bought 89,037 shares as the company’s stock rose 1.15% while stock markets declined. The hedge fund held 2.31M shares of the consumer services company at the end of 2017Q4, valued at $747.83 million, up from 2.22 million at the end of the previous reported quarter. Prescott General Partners Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be bullish on the $7.02 billion market cap company. The stock decreased 0.00% or $0.01 during the last trading session, reaching $361.53. About 59,259 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 74.80% since May 26, 2017 and is uptrending. It has outperformed by 63.25% the S&P500.

David Kowitz increased its stake in Alibaba Group Hldg Ltd (BABA) by 1223.58% based on its latest 2017Q4 regulatory filing with the SEC. Indus Capital Partners Llc bought 611,788 shares as the company’s stock rose 3.18% while stock markets declined. The hedge fund run by David Kowitz held 661,788 shares of the business services company at the end of 2017Q4, valued at $114.11M, up from 50,000 at the end of the previous reported quarter. Indus Capital Partners Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $511.84 billion market cap company. The stock increased 0.93% or $1.83 during the last trading session, reaching $199.2. About 21.27M shares traded or 20.47% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 26, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Indus Capital Partners Llc, which manages about $7.51B and $1.02 billion US Long portfolio, decreased its stake in Bitauto Hldgs Ltd (NYSE:BITA) by 764,659 shares to 365,851 shares, valued at $11.63M in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (Put) (EEM) by 110,000 shares in the quarter, leaving it with 150,000 shares, and cut its stake in Infosys Ltd (NYSE:INFY).

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Fool.com which released: “3 Stocks That Could Put Alibaba’s Returns to Shame” on May 26, 2018, also 247Wallst.com with their article: “Why Alibaba Earnings Might Have Nowhere to Go but Up” published on May 04, 2018, Fool.com published: “Alibaba’s Version of Echo Sells 2 Million Units” on May 25, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Livetradingnews.com and their article: “Alibaba Group Holding Limited (NYSE:BABA) Heffx Technical Analysis” published on May 18, 2018 as well as Benzinga.com‘s news article titled: “Upcoming Earnings: Alibaba Reports Before Market Open On Friday” with publication date: May 03, 2018.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 179 analyst reports since August 12, 2015 according to SRatingsIntel. On Wednesday, August 12 the stock rating was maintained by Cantor Fitzgerald with “Buy”. Standpoint Research initiated Alibaba Group Holding Limited (NYSE:BABA) rating on Monday, August 24. Standpoint Research has “Buy” rating and $84.0 target. Tigress Financial maintained the shares of BABA in report on Thursday, November 30 with “Buy” rating. The firm earned “Buy” rating on Friday, April 15 by Needham. The stock has “Buy” rating by Bank of America on Monday, October 16. Brean Capital maintained it with “Buy” rating and $98 target in Wednesday, October 28 report. The rating was maintained by Needham on Friday, February 2 with “Buy”. Axiom Capital maintained the shares of BABA in report on Thursday, August 13 with “Buy” rating. The stock has “Buy” rating by Needham on Friday, August 18. The firm has “Outperform” rating given on Wednesday, October 28 by Oppenheimer.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.01, from 1.03 in 2017Q3. It increased, 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. Sterling Management Limited Co reported 2,473 shares stake. Arrowstreet Capital Partnership invested in 0.02% or 19,379 shares. Abrams Bison Invs Ltd Com reported 955,404 shares. The Georgia-based Earnest Prtn Ltd Co has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Deutsche Savings Bank Ag stated it has 2,024 shares or 0% of all its holdings. Janney Montgomery Scott Lc invested 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Gru One Trading LP reported 0.02% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). California State Teachers Retirement owns 17,837 shares or 0.01% of their US portfolio. Rathbone Brothers Public Ltd stated it has 750 shares. Rafferty Asset Mngmt Limited Liability stated it has 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Pnc Fincl Svcs Gru accumulated 222,836 shares or 0.07% of the stock. Metropolitan Life reported 787 shares. Cibc Asset Mngmt owns 669 shares. Wasatch Advsr invested 1.02% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Da Davidson Company owns 799 shares.

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 Nasdaq.com with their article: “Credit Acceptance Announces First Quarter 2018 Earnings” published on May 03, 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: Globenewswire.com and their article: “Credit Acceptance Announces Increase of Revolving Secured Warehouse Facility” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Credit Acceptance’s (CACC) CEO Brett Roberts on Q1 2018 Results – Earnings Call Transcript” with publication date: May 04, 2018.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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