Sandell Asset Management Has Raised Bob Evans Farms (BOBE) Position By $49.08 Million; Credit Acceptance Corp. (CACC) Covered By 0 Bulls

June 19, 2017 - By Vivian Park

Sandell Asset Management Corp increased Bob Evans Farms Inc (BOBE) stake by 274.2% reported in 2016Q4 SEC filing. Sandell Asset Management Corp acquired 925,961 shares as Bob Evans Farms Inc (BOBE)’s stock rose 25.65%. The Sandell Asset Management Corp holds 1.26 million shares with $67.24 million value, up from 337,700 last quarter. Bob Evans Farms Inc now has $1.42 billion valuation. The stock rose 1.67% or $1.16 reaching $70.71 per share. About 269,521 shares traded. Bob Evans Farms Inc (NASDAQ:BOBE) has risen 55.35% since June 19, 2016 and is uptrending. It has outperformed by 38.65% the S&P500.

Among 7 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 0 have Buy rating, 5 Sell and 2 Hold. Therefore 0 are positive. Credit Acceptance Corp had 13 analyst reports since July 31, 2015 according to SRatingsIntel. As per Wednesday, May 11, the company rating was downgraded by Macquarie Research. The stock has “Underperform” rating by Credit Suisse on Wednesday, July 27. The stock has “Neutral” rating by Susquehanna on Monday, January 23. JMP Securities upgraded Credit Acceptance Corp. (NASDAQ:CACC) on Wednesday, August 26 to “Market Perform” rating. As per Tuesday, August 4, the company rating was downgraded by Zacks. The stock of Credit Acceptance Corp. (NASDAQ:CACC) earned “Sell” rating by Compass Point on Tuesday, September 6. The company was downgraded on Wednesday, March 16 by JMP Securities. The stock of Credit Acceptance Corp. (NASDAQ:CACC) has “Neutral” rating given on Monday, June 20 by Janney Capital. The firm has “Neutral” rating given on Tuesday, November 10 by Compass Point. See Credit Acceptance Corp. (NASDAQ:CACC) latest ratings:

23/01/2017 Broker: Susquehanna Rating: Neutral Initiate

Among 6 analysts covering Bob Evans Farms (NASDAQ:BOBE), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Bob Evans Farms had 10 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was downgraded by Oppenheimer on Wednesday, January 4 to “Perform”. The rating was upgraded by Zacks on Thursday, September 3 to “Strong-Buy”. The stock of Bob Evans Farms Inc (NASDAQ:BOBE) earned “Buy” rating by Maxim Group on Wednesday, December 7. The stock has “Buy” rating by Maxim Group on Tuesday, May 17. The company was upgraded on Thursday, December 3 by Stephens. Oppenheimer maintained it with “Outperform” rating and $45 target in Wednesday, December 2 report. Sidoti initiated the stock with “Buy” rating in Wednesday, May 11 report. Oppenheimer maintained the shares of BOBE in report on Thursday, October 15 with “Outperform” rating. The firm earned “Sector Weight” rating on Monday, August 31 by KeyBanc Capital Markets. The firm earned “Hold” rating on Monday, June 5 by Oppenheimer.

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.20, from 1.06 in 2016Q3. It turned negative, as 27 investors sold BOBE shares while 51 reduced holdings. 27 funds opened positions while 40 raised stakes. 14.54 million shares or 5.73% less from 15.42 million shares in 2016Q3 were reported. Tortoise Investment Mngmt Limited Liability Company holds 0.01% or 475 shares. West Virginia-based City Holdg has invested 0.03% in Bob Evans Farms Inc (NASDAQ:BOBE). Carnegie Capital Asset Mgmt Ltd Liability Corporation, a Ohio-based fund reported 9,957 shares. Omers Administration reported 10,900 shares stake. Kbc Nv holds 0.01% of its portfolio in Bob Evans Farms Inc (NASDAQ:BOBE) for 24,698 shares. Thrivent For Lutherans holds 0% or 10,730 shares. Legal General Public Limited Company reported 34,395 shares or 0% of all its holdings. Goldman Sachs stated it has 0% in Bob Evans Farms Inc (NASDAQ:BOBE). Tiaa Cref Management Ltd Limited Liability Company accumulated 67,707 shares. State Common Retirement Fund reported 0% in Bob Evans Farms Inc (NASDAQ:BOBE). Suntrust Banks Incorporated has invested 0.01% in Bob Evans Farms Inc (NASDAQ:BOBE). Wells Fargo & Mn accumulated 59,413 shares. 1.56 million were reported by Blackrock Fund Advisors. Teachers Retirement Sys Of The State Of Kentucky reported 7,300 shares. Paradigm Asset Mngmt Ltd Liability Corp holds 0% or 12,600 shares in its portfolio.

About 139,870 shares traded. Credit Acceptance Corp. (NASDAQ:CACC) has risen 27.46% since June 19, 2016 and is uptrending. It has outperformed by 10.76% the S&P500.

Since December 27, 2016, it had 0 insider buys, and 35 sales for $328.13 million activity. Watson Jill Foss also sold $4.20 million worth of Credit Acceptance Corp. (NASDAQ:CACC) shares. $128.04 million worth of Credit Acceptance Corp. (NASDAQ:CACC) was sold by FOSS DONALD A on Tuesday, February 7. 65,000 shares were sold by JONES STEVEN M, worth $13.92M on Wednesday, May 3. The insider PEARCE CHARLES A sold $863,063. SMITH ARTHUR L had sold 1,596 shares worth $344,619 on Friday, May 5. $1.08 million worth of stock was sold by BUSK DOUGLAS W on Wednesday, May 3.

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.21, from 0.88 in 2016Q3. It increased, as 17 investors sold Credit Acceptance Corp. shares while 48 reduced holdings. 30 funds opened positions while 41 raised stakes. 11.18 million shares or 10.09% more from 10.16 million shares in 2016Q3 were reported. Quantitative Management Limited invested in 0.01% or 2,700 shares. California State Teachers Retirement accumulated 17,232 shares. State Common Retirement Fund holds 18,000 shares. 146 were accumulated by Bancorporation Of Montreal Can. Blackrock Advsr Llc accumulated 0% or 5,610 shares. Retail Bank Of America Corporation De holds 20,999 shares. Dimensional Fund Advsrs L P holds 0.02% of its portfolio in Credit Acceptance Corp. (NASDAQ:CACC) for 169,781 shares. Thomas White Intl holds 35 shares or 0% of its portfolio. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0.01% in Credit Acceptance Corp. (NASDAQ:CACC). 32,648 were reported by Aqr Cap Management Lc. Voya Limited reported 0% in Credit Acceptance Corp. (NASDAQ:CACC). Panagora Asset Mngmt has invested 0% in Credit Acceptance Corp. (NASDAQ:CACC). Credit Suisse Ag owns 6,474 shares for 0% of their portfolio. Jensen Invest Management has invested 0.01% of its portfolio in Credit Acceptance Corp. (NASDAQ:CACC). California Employees Retirement Systems reported 0.01% of its portfolio in Credit Acceptance Corp. (NASDAQ:CACC).

Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The company has market cap of $4.66 billion. The Company’s financing programs are offered through a network of automobile dealers. It has a 13.71 P/E ratio. The Firm has two Dealers financing programs: the Portfolio Program and the Purchase Program.

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