Posts for Ticker ‘AACC’

Top Analyst Upgrade/Positive Calls (AACC, CYN, LLL, LTC, NTRS, PAR, TRMK, UHS)

Money_stack_picThese are some of the top analyst upgrades and positive calls we are seeing from Wall Street early this Thursday morning with more than two hours to the open:

  • Asset Acceptance Capital (NASDAQ: AACC) Raised to Market Perform at KBW.
  • City National (NYSE: CYN) Raised to Outperform at KBW.
  • L-3 Communications (NYSE: LLL) Started as Outperform at Morgan Keegan.
  • LTC Properties (NYSE: LTC) Started as Buy at KeyBanc.
  • Northern Trust (NASDAQ: NTRS) Raised to Outperform at KBW.
  • 3PAR (NYSE: PAR) Started as Outperform at Morgan Keegan.
  • Terremark Worldwide (NASDAQ: TRMK) Started as Buy at Stanford.
  • Universal Health (NYSE: UHS) Started as Overweight at JPMorgan.

Jon C. Ogg
December 18, 2008

Posted on: December 18, 2008 – 7:24 am in Analyst Calls, , , , , , , ,

Top 10 Pre-Market Analyst Calls (ACAD, ACE, AACC, RATE, GYMB, KIM, MMC, MVL, NCR, WSH)

These aren’t all of the analyst calls out there today, but these are ten of the calls impacting shares early this Tuesday morning:

  • ACADIA Pharmaceuticals (ACAD) Raised to Neutral at Banc of America.
  • ACE Limited (ACE) Raised to Outperform at Wachovia.
  • Asset Acceptance Capital (AACC) Cut to Underperform at Jefferies.
  • Bankrate (RATE) Cut to Hold from Buy at Collins Stewart.
  • Gymboree (GYMB) Cut to Market Perform from Outperform at FBR.
  • Kimco Realty (KIM) Cut to Neutral from Outperform at Credit Suisse.
  • Marsh & McLennan (MMC) Raised to Buy from Hold at Citigroup.
  • Marvel Entertainment (MVL) Started as Market Weight at Thomas Weisel.
  • NCR (NCR) Raised to Outperform from Neutral at Baird.
  • Willis Group (WSH) Cut to Hold at Citigroup.

Jon C. Ogg
July 8, 2008

Posted on: July 8, 2008 – 6:29 am in Analyst Calls, , , , , , , , , ,

Asset Acceptance Capital Shareholder Unloading Stock (AACC)

Asset Acceptance Capital Corp. (NASDAQ: AACC) made a filing with the SEC late Thursday showing that the company has filed to sell 10.932 million shares of common stock in a secondary offering.  These shares are being sold by AAC Quad-C Investors LLC, so none of the proceeds from this secondary will go to the company.  This filing will allow the holder to offer the shares from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices.

Based on the filing, its amount was $137.4 million in sales based upon their closing data used, but based on yesterday’s close of $14.18 it would be a $155 million offering.  The market cap of the whole company is only $433.4 million based on a higher close yesterday.

Asset Acceptance Capital Corp. (NASDAQ: AACC) has a 52-week trading range of $7.31 to $19.25.

Jon C. Ogg
May 23, 2008

Posted on: May 23, 2008 – 7:53 am in Secondary Offering,

Pre-Market Stock News (November 6, 2007)

  • Archer-Daniels Midland (ADM) $0.71 vs. $0.59 est.
  • Asset Acceptance Corp. (AACC) -$0.05 EPS vs -$0.05 est.
  • Beazer (BZH) cutting 1/4 workers and suspends dividend; sees new order down 50%.
  • Church & Dwight (CHD) $0.69 EPS vs. $0.589 est.; sees 2007 EPS $2.42-2.44 vs. $2.36 consensus.
  • Cooper Tire (CTB) $0.28 EPS vs $0.30 est.
  • El Paso (EP) $0.22 EPS vs $0.23 est.
  • Emerson (EMR) $0.78 EPS vs $0.75 est.
  • Environmental Tectonics’ (ETC) Aeromedical division won two new contract awards in Middle-East worth a total of $20 million.
  • Fuel-Tech (FTEK) $0.04 EPS vs. $0.06 est.; sees 2007 revenues $76-79 million vs. $79.7 million est.
  • Gerdau AmeriSteel (GNA) $0.40 EPS vs $0.42 est.
  • Google (GOOG) up $25 on analyst Sanford Bernstein raised target to $850.
  • International Securities Exchange (ISE) $0.62 EPS vs $0.53 est.
  • Kellwood (KWD) sets 2008 targets of $1.55 billion revenue from operations and sees $1.50 EPS.
  • K-Swiss (KSWS) $0.36 EPS vs $0.34 est.
  • Momenta Pharma (MNTA) announced FDA letter received says its M-Enoxaparin ANDA is NOT Approvable in current form.
  • Nortel Networks (NT) $0.05 EPS after charges vs. $0.11 est.; Revenues $2.71 Billion vs. $2.77 Billion est.
  • PetroQuest (PQ) $0.16 EPS vs. $0.14 est.
  • PowerSecure $0.15 EPS vs. $0.17 est.
  • QLogic (QLGC) announced a $200 million share buyback plan.
  • Sun Micro (JAVA) up 1.5% after earnings, despite lackluster report.
  • TheStreet.com (TSCM) $0.13 EPS vs $0.12 est.; Revenues $16.1 million vs. $16.3M est.
  • Urban Outfitters (URBN) sees revenues for Q3 at $379.3 million versus $374.5 million est.; s-s-s +8% for the quarter.
  • Valero (VLO) $1.40 EPS vs $1.35 est., but had lowered preliminary numbers.
  • Watson Pharma (WPI) $0.33 EPs vs $0.30 est.

Jon C. Ogg
November 6, 2007

Posted on: November 6, 2007 – 8:25 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , ,