Seaspan (SSW) Reaches $12.19 After 4.00% Up Move; Maverick Capital LTD Lowered Its Credit Accep Mich (CACC) Holding

Maverick Capital Ltd decreased Credit Accep Corp Mich (CACC) stake by 16.08% reported in 2019Q2 SEC filing. Maverick Capital Ltd sold 2,020 shares as Credit Accep Corp Mich (CACC)’s stock declined 3.40%. The Maverick Capital Ltd holds 10,540 shares with $5.10M value, down from 12,560 last quarter. Credit Accep Corp Mich now has $8.19 billion valuation. The stock increased 0.33% or $1.45 during the last trading session, reaching $435.64. About 60,524 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 27.26% since December 4, 2018 and is uptrending. It has outperformed by 27.26% the S&P500. Some Historical CACC News: 03/05/2018 – Credit Acceptance 1Q Adj EPS $6.11; 03/05/2018 – CREDIT ACCEPTANCE 1Q REV. $295.6M, EST. $293.6M; 24/05/2018 – Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing; 03/05/2018 – Credit Acceptance 1Q EPS $6.17; 12/03/2018 Credit Acceptance’s Kathy Kantzer Receives an Inaugural Great Place to Work® for All™ Leadership Award; 06/04/2018 – CREDIT ACCEPTANCE CORP. PRESIDENT JONES TO RETIRE ON JUNE 30; 18/04/2018 – Credit Acceptance Volume Jumps More Than Eight Times Average; 24/05/2018 – Moody’s Assigns Definitive Ratings To Credit Acceptance Auto Loan Trust 2018-2; 03/05/2018 – CREDIT ACCEPTANCE 1Q CONSUMER LOAN UNIT VOL. +18.5%; 03/04/2018 – Analysis: Positioning to Benefit within ForeScout Technologies, CommerceHub, Newtek Business Services, Credit Acceptance, Akari

The stock of Seaspan Corporation (NYSE:SSW) is a huge mover today! The stock increased 2.70% or $0.32 during the last trading session, reaching $12.19. About 528,955 shares traded. Seaspan Corporation (NYSE:SSW) has risen 21.27% since December 4, 2018 and is uptrending. It has outperformed by 21.27% the S&P500. Some Historical SSW News: 02/05/2018 – Seaspan 4Q Adj EPS 13c; 14/03/2018 – SEASPAN – GCI’S CURRENT FLEET WILL ADD ABOUT $1.3 BLN TO CO’S CONTRACTED FUTURE REVS, INCREASING CO’S TOTAL CONTRACTED FUTURE REVS TO ABOUT $5.6 BLN; 14/03/2018 – Seaspan Acquires Greater China Intermodal Investments LLC; 09/04/2018 – SEASPAN CORP – RYAN COURSON WILL BE APPOINTED CHIEF FINANCIAL OFFICER; 14/03/2018 – SEASPAN – IMPLIED ENTERPRISE VALUE OF GCI INCLUDES ASSUMED THIRD PARTY NET DEBT OF ABOUT $1.0 BLN & $140 MLN OF FUTURE VESSEL PAYMENTS; 14/03/2018 – Seaspan to to Acquire the 89% of Greater China Intermodal Investments It Doesn’t Own; 20/04/2018 – SEASPAN ANNOUNCES SENIOR MANAGEMENT CHANGE; 31/05/2018 – SEASPAN CORP – IN JAN, 2019, FAIRFAX WILL EXERCISE WARRANTS ISSUED TO FAIRFAX IN CONNECTION WITH CLOSING OF FAIRFAX’S SECOND DEBENTURE INVESTMENT; 14/03/2018 – SEASPAN BUYS GREATER CHINA INTERMODAL INVESTMENTS; 31/05/2018 – FAIRFAX FINANCIAL INVESTS ADDITIONAL $500 MILLION IN SEASPAN, INCREASING TOTAL INVESTMENT TO $1 BILLIONThe move comes after 6 months positive chart setup for the $2.63 billion company. It was reported on Dec, 4 by Barchart.com. We have $12.68 PT which if reached, will make NYSE:SSW worth $105.20M more.

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company has market cap of $2.63 billion. The firm charters its containerships under long-term, fixed-rate time charters to various container liner companies. It has a 7.05 P/E ratio. As of May 26, 2017, it operated a fleet of 89 containerships.

Analysts await Seaspan Corporation (NYSE:SSW) to report earnings on March, 3. They expect $0.20 earnings per share, down 35.48% or $0.11 from last year’s $0.31 per share. SSW’s profit will be $43.15 million for 15.24 P/E if the $0.20 EPS becomes a reality. After $0.21 actual earnings per share reported by Seaspan Corporation for the previous quarter, Wall Street now forecasts -4.76% negative EPS growth.

More notable recent Seaspan Corporation (NYSE:SSW) news were published by: Benzinga.com which released: “Stocks That Hit 52-Week Highs On Wednesday – Benzinga” on December 04, 2019, also Seekingalpha.com with their article: “Seaspan Q3 2019 Earnings Preview – Seeking Alpha” published on November 06, 2019, Fool.com published: “Why Costamare Stock Popped 10% This Morning – Motley Fool” on November 08, 2019. More interesting news about Seaspan Corporation (NYSE:SSW) were released by: Fool.com and their article: “Seaspan Corporation (SSW) Q3 2019 Earnings Call Transcript – Motley Fool” published on November 07, 2019 as well as Finance.Yahoo.com‘s news article titled: “DLA Piper advises Seaspan Corporation in its US$750 million acquisition of APR Energy Limited – Yahoo Finance” with publication date: December 02, 2019.

More notable recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Nasdaq.com which released: “ECPG vs. CACC: Which Stock Is the Better Value Option? – Nasdaq” on December 02, 2019, also Finance.Yahoo.com with their article: “Chief Financial Officer Kenneth Booth Just Bought Shares In Credit Acceptance Corporation (NASDAQ:CACC) – Yahoo Finance” published on November 10, 2019, Nasdaq.com published: “Financial Sector Update for 11/04/2019: CACC,FHN,IBKR,TIGR,SAN – Nasdaq” on November 04, 2019. More interesting news about Credit Acceptance Corporation (NASDAQ:CACC) were released by: Seekingalpha.com and their article: “Credit Acceptance closes on $351.7M securitization – Seeking Alpha” published on November 21, 2019 as well as Fool.com‘s news article titled: “Credit Acceptance Corp (CACC) Q3 2019 Earnings Call Transcript – Motley Fool” with publication date: November 04, 2019.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on January, 29. They expect $8.85 earnings per share, up 12.74% or $1.00 from last year’s $7.85 per share. CACC’s profit will be $166.36 million for 12.31 P/E if the $8.85 EPS becomes a reality. After $8.89 actual earnings per share reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts -0.45% negative EPS growth.

Maverick Capital Ltd increased Mercer Intl Inc (NASDAQ:MERC) stake by 89,581 shares to 340,130 valued at $5.26M in 2019Q2. It also upped Hanesbrands Inc (NYSE:HBI) stake by 643,310 shares and now owns 814,730 shares. Hasbro Inc (NASDAQ:HAS) was raised too.

Investors sentiment decreased to 0.82 in Q2 2019. Its down 0.20, from 1.02 in 2019Q1. It fall, as 13 investors sold CACC shares while 72 reduced holdings. 31 funds opened positions while 56 raised stakes. 10.09 million shares or 3.88% more from 9.72 million shares in 2019Q1 were reported. Federated Invsts Pa holds 4,546 shares. Quantbot Tech Limited Partnership stated it has 2,349 shares or 0.11% of all its holdings. Meeder Asset Inc stated it has 547 shares or 0.02% of all its holdings. Smith Thomas W reported 100,348 shares. Millennium Management Llc stated it has 0.05% in Credit Acceptance Corporation (NASDAQ:CACC). Commercial Bank Of Montreal Can reported 33 shares. Art Ltd reported 3,014 shares stake. Paloma Prtnrs Mgmt Com owns 0.02% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 1,855 shares. Pathstone Family Office Ltd owns 936 shares. First Tru Advsr Lp has invested 0.02% in Credit Acceptance Corporation (NASDAQ:CACC). Germany-based Deutsche Bancorporation Ag has invested 0.02% in Credit Acceptance Corporation (NASDAQ:CACC). New York-based D E Shaw And Com Inc has invested 0.02% in Credit Acceptance Corporation (NASDAQ:CACC). Cubist Systematic Strategies Ltd holds 1,958 shares. Royal State Bank Of Canada owns 2,489 shares for 0% of their portfolio. Goldman Sachs Group reported 0.01% in Credit Acceptance Corporation (NASDAQ:CACC).

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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