Cardinal Capital Management Llc Upped Its Position in Kar Auction Svcs Inc (NYSE:KAR) by $14.57 Million as Price Rose

May 17, 2018 - By Loretta Love

KAR Auction Services, Inc. (NYSE:KAR) Corporate LogoBig Money Sentiment increased to 1.69 in 2017 Q4. It has change of 0.36, from 2017Q3’s 1.33. The ratio increased due to KAR positioning: 28 sold and 77 reduced. 58 funds amassed positions and 119 increased positions. Investors holded 129.67 million in 2017Q3 but now own 127.57 million shares or 1.62% less. Huntington Retail Bank, a Ohio-based fund reported 33 shs. Point72 Asia (Hong Kong) Ltd owns 0.01% invested in KAR Auction Services, Inc. (NYSE:KAR) for 260 shs. Baskin Fincl holds 1.41% of its capital in KAR Auction Services, Inc. (NYSE:KAR) for 146,856 shs. Barclays Public Ltd Com holds 10,656 shs or 0% of its capital. Brown Advisory Inc accumulated 15,521 shs or 0% of the stock. Marathon Prtnrs Equity Mngmt Ltd Co owns 142,500 shs for 2.9% of their capital. Gates Capital reported 1.50 million shs stake. Fmr Ltd Limited Liability Company holds 0.05% of its capital in KAR Auction Services, Inc. (NYSE:KAR) for 9.05M shs. Morgan Stanley invested 0.01% in KAR Auction Services, Inc. (NYSE:KAR). Texas-based Visionary Asset Mngmt has invested 0.1% in KAR Auction Services, Inc. (NYSE:KAR). 48,875 were accumulated by Teachers Retirement Sys Of The State Of Kentucky. Adage Prtnrs Gp Ltd Co accumulated 293,975 shs. Carroll Financial Assocs owns 31 shs. State Board Of Administration Of Florida Retirement holds 0.02% or 126,000 shs in its capital. Tower Rech Cap Ltd Llc (Trc) owns 42 shs.

Based on the latest 2018Q1 report from the SEC, Cardinal Capital Management Llc increased its holdings in Kar Auction Svcs Inc (NYSE:KAR) by 16.46%. 269,763 shares were bought by Cardinal Capital Management Llc as Kar Auction Svcs Inc (NYSE:KAR) stock rose 4.37% while stock markets declined. It held 1.91M shares of Kar Auction Svcs Inc (NYSE:KAR) at the end of 2018Q1, valued at $103.46 million, up from 1.64 million last quarter. $7.27 billion is the MC of Kar Auction Svcs Inc. Ticker’s shares touched $53.84 during the last trading session after 1.74% change.KAR Auction Services, Inc. has volume of 991,287 shares. Since May 17, 2017 KAR has risen 22.53% and is uptrending. The stock outperformed the S&P500 by 10.98%.

Cardinal Capital Management Llc operates about $1.96 billion and $2.69 billion US longs. It decreased its stake in Ligand Pharmaceuticals Inc (NASDAQ:LGND) by 215,011 shares to 439,335 shares, valued at $72.56 million in 2018Q1, according to the report. Cardinal Capital Management Llc cut its stake in Mgp Ingredients Inc New (NASDAQ:MGPI) and reduced Firstcash Inc () position by 356,623 shares for a total of 151,215 shares.

Cardinal Capital Management Llc is a Connecticut-based institutional investor with more than $1.96 billion AUM in March, 2014. Taken from Cardinal Capital Management latest Adv, the fund reported to have 14 full and part-time employees. Among which 7 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

KAR Auction Services, Inc. (NYSE:KAR) Ratings Coverage

In total 8 analysts cover Kar Auction Services Inc (NYSE:KAR). “Buy” rating has 6, “Sell” are 0, while 2 are “Hold”. 75% are bullish. 9 are the (NYSE:KAR)’s analyst reports since January 16, 2018 according to StockzIntelligence Inc. The company rating was maintained by Barrington on Wednesday, March 21. On Monday, March 19 JP Morgan maintained the shares of KAR in report with “Overweight” rating. On Tuesday, January 16 Stephens maintained KAR Auction Services, Inc. (NYSE:KAR) rating. Stephens has “Hold” rating and $57.0 target. On Friday, March 2 Bank of America maintained KAR Auction Services, Inc. (NYSE:KAR) with “Buy” rating. On Wednesday, February 28 Robert W. Baird maintained the shares of KAR in report with “Buy” rating. On Thursday, March 1 the stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Buy” rating by Gabelli.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in the United States, Canada, Mexico, and the United Kingdom.The firm is worth $7.27 billion. It operates in three divisions: ADESA Auctions, IAA, and AFC.The P/E ratio is 20.55. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Investors Chart

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