Force Capital Management Has Cut Holding in Credit Accep Mich (CACC) as Stock Value Rose; Msc Indl Direct (MSM) Market Valuation Declined While Nj State Employees Deferred Compensation Plan Trimmed Position

April 17, 2018 - By Stephen Andrade

Nj State Employees Deferred Compensation Plan decreased its stake in Msc Indl Direct Inc (MSM) by 33.33% based on its latest 2017Q4 regulatory filing with the SEC. Nj State Employees Deferred Compensation Plan sold 4,000 shares as the company’s stock declined 5.29% with the market. The institutional investor held 8,000 shares of the capital goods company at the end of 2017Q4, valued at $773,000, down from 12,000 at the end of the previous reported quarter. Nj State Employees Deferred Compensation Plan who had been investing in Msc Indl Direct Inc for a number of months, seems to be less bullish one the $5.07 billion market cap company. The stock increased 0.26% or $0.23 during the last trading session, reaching $89.74. About 225,542 shares traded. MSC Industrial Direct Co., Inc. (NYSE:MSM) has declined 9.82% since April 17, 2017 and is downtrending. It has underperformed by 21.37% the S&P500.

Robert Jaffe decreased its stake in Credit Accep Corp Mich (CACC) by 64.5% based on its latest 2017Q4 regulatory filing with the SEC. Force Capital Management Llc sold 2,700 shares as the company’s stock rose 1.15% while stock markets declined. The hedge fund run by Robert Jaffe held 1,486 shares of the consumer services company at the end of 2017Q4, valued at $481,000, down from 4,186 at the end of the previous reported quarter. Force Capital Management Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $6.27 billion market cap company. The stock increased 2.11% or $6.66 during the last trading session, reaching $322.96. About 50,152 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 74.80% since April 17, 2017 and is uptrending. It has outperformed by 63.25% the S&P500.

Among 19 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 6 have Buy rating, 1 Sell and 12 Hold. Therefore 32% are positive. MSC Industrial Direct Co. had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Wednesday, January 10 with “Hold”. KeyBanc Capital Markets maintained the shares of MSM in report on Monday, March 14 with “Overweight” rating. On Wednesday, October 28 the stock rating was maintained by Stephens with “Equal-Weight”. Stifel Nicolaus maintained the shares of MSM in report on Thursday, February 15 with “Hold” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, April 11. Stifel Nicolaus maintained it with “Hold” rating and $93.0 target in Sunday, December 10 report. The rating was initiated by Macquarie Research with “Neutral” on Friday, August 26. BMO Capital Markets maintained it with “Hold” rating and $10300 target in Monday, April 9 report. Northcoast upgraded MSC Industrial Direct Co., Inc. (NYSE:MSM) on Friday, December 15 to “Buy” rating. BMO Capital Markets maintained it with “Hold” rating and $9800 target in Tuesday, July 11 report.

Since November 10, 2017, it had 0 insider buys, and 16 selling transactions for $81.41 million activity. On Tuesday, January 23 Jones Douglas E sold $283,480 worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) or 2,984 shares. $247,500 worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) was sold by Jilla Rustom. JACOBSON MITCHELL had sold 64,040 shares worth $6.14 million. Another trade for 7,100 shares valued at $667,684 was made by Armstrong Steve on Friday, January 19. $1.13M worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) was sold by Davanzo Christopher on Thursday, January 11. PELLER PHILIP also sold $98,250 worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) shares.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.43, from 1.31 in 2017Q3. It dropped, as 32 investors sold MSM shares while 103 reduced holdings. 53 funds opened positions while 66 raised stakes. 40.30 million shares or 2.45% less from 41.32 million shares in 2017Q3 were reported. Moreover, Amalgamated National Bank has 0.02% invested in MSC Industrial Direct Co., Inc. (NYSE:MSM) for 8,948 shares. Millennium Ltd Liability Com has invested 0.04% in MSC Industrial Direct Co., Inc. (NYSE:MSM). 20,894 were accumulated by Freestone Capital Holdg Limited Com. Visionary Asset Mngmt Inc reported 3,761 shares or 0.1% of all its holdings. Gemmer Asset Ltd Limited Liability Company accumulated 0% or 101 shares. Laurion Cap Management LP reported 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Assetmark accumulated 101 shares. 1.27 million are held by State Street Corporation. Cambridge Rech Advisors holds 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM) or 6,751 shares. Fil Limited stated it has 190,813 shares. Point72 Asset Mgmt LP holds 352,356 shares or 0.15% of its portfolio. Swiss Fincl Bank stated it has 76,800 shares or 0.01% of all its holdings. Apg Asset Management Nv has invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Research And Mgmt invested in 0.17% or 5,785 shares. Huntington Bank & Trust has 0% invested in MSC Industrial Direct Co., Inc. (NYSE:MSM) for 5 shares.

Analysts await MSC Industrial Direct Co., Inc. (NYSE:MSM) to report earnings on July, 11. They expect $1.41 EPS, up 29.36% or $0.32 from last year’s $1.09 per share. MSM’s profit will be $79.64M for 15.91 P/E if the $1.41 EPS becomes a reality. After $1.34 actual EPS reported by MSC Industrial Direct Co., Inc. for the previous quarter, Wall Street now forecasts 5.22% EPS growth.

Nj State Employees Deferred Compensation Plan, which manages about $577.94 million US Long portfolio, upped its stake in Louisiana Pac Corp (NYSE:LPX) by 20,000 shares to 30,000 shares, valued at $788,000 in 2017Q4, according to the filing. It also increased its holding in Alphabet Inc by 1,000 shares in the quarter, for a total of 3,085 shares, and has risen its stake in Epr Pptys (NYSE:EPR).

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on May, 7. They expect $6.11 EPS, up 30.84% or $1.44 from last year’s $4.67 per share. CACC’s profit will be $118.58M for 13.21 P/E if the $6.11 EPS becomes a reality. After $5.16 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 18.41% EPS growth.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.01, from 1.03 in 2017Q3. It is positive, 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. Utah Retirement Sys reported 2,045 shares. Pathstone Family Office Ltd Liability Com accumulated 125 shares. Clearbridge Investments Limited Liability has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Great West Life Assurance Communication Can holds 782 shares or 0% of its portfolio. Wellington Management Group Llp reported 644,172 shares or 0.05% of all its holdings. Ftb Advisors holds 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 96 shares. Wells Fargo And Mn, California-based fund reported 7,625 shares. 67,565 were accumulated by Clough Capital Limited Partnership. Pacad Investment Ltd reported 400 shares. Bloombergsen reported 417,571 shares. Grantham Mayo Van Otterloo & Lc has 133,000 shares for 0.25% of their portfolio. Gp owns 262 shares for 0% of their portfolio. State Of Alaska Department Of Revenue has invested 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Fmr Limited Com invested in 8,775 shares or 0% of the stock. Northern Tru Corp owns 64,798 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. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Hold” rating given on Wednesday, January 10 by Jefferies. The rating was initiated by Susquehanna on Monday, January 23 with “Neutral”. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Market Perform” rating given on Tuesday, August 1 by BMO Capital Markets. The firm earned “Sell” rating on Tuesday, August 1 by Credit Suisse. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Hold” rating by BMO Capital Markets on Wednesday, January 31. Susquehanna maintained Credit Acceptance Corporation (NASDAQ:CACC) on Thursday, January 4 with “Hold” rating. The firm has “Underperform” rating by Macquarie Research given on Wednesday, May 11. Compass Point downgraded the stock to “Sell” rating in Tuesday, September 6 report. Credit Suisse maintained Credit Acceptance Corporation (NASDAQ:CACC) on Tuesday, October 31 with “Underperform” rating. The firm has “Hold” rating given on Friday, October 6 by BMO Capital Markets.

Since February 5, 2018, it had 0 insider purchases, and 3 insider sales for $1.83 million activity. $842,525 worth of Credit Acceptance Corporation (NASDAQ:CACC) was sold by Soave John S.. BUSK DOUGLAS W had sold 1,000 shares worth $319,860.

By1 Stephen Andrade