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

May 17, 2018 - By Mark Mitchell

KAR Auction Services, Inc. (NYSE:KAR) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.69. That’s change of 0.36, from 2017Q3’s 1.33. 28 investors sold all, 77 reduced holdings as KAR ratio improved. 119 rose stakes while 58 funds bought stakes. Funds hold 127.57 million shares thus 1.62% less from 2017Q3’s 129.67 million shares. Tributary Mngmt Limited Liability invested in 0.22% or 50,700 shs. Stone Ridge Asset Management Ltd reported 56,637 shs. Ameriprise Fincl holds 404,666 shs. Canada Pension Plan Inv Board accumulated 14,100 shs. 52,852 were accumulated by Gsa Limited Liability Partnership. Kansas-based Koch Indust Inc has invested 0.05% in KAR Auction Services, Inc. (NYSE:KAR). Victory Cap Mgmt holds 1.63 million shs. Virginia Retirement Et Al invested 0% in KAR Auction Services, Inc. (NYSE:KAR). Cornerstone Cap Limited Liability Corp stated it has 0.07% of its capital in KAR Auction Services, Inc. (NYSE:KAR). 114,199 are held by Ct Mason. 12,924 were reported by Walleye Trading Llc. Utah Retirement Systems has 25,100 shs for 0.03% of their capital. Boston Prns has 0.04% invested in KAR Auction Services, Inc. (NYSE:KAR) for 718,234 shs. Wealthtrust holds 311 shs. Pitcairn owns 6,347 shs or 0.03% of their US capital.

The stake In Kar Auction Svcs Inc (NYSE:KAR) owned by Cardinal Capital Management Llc was upped. According to 2018Q1 Securities and Exchange form the rise is 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. Cardinal Capital Management Llc is holding 1.91 million shares, compared to 1.64M last quarter. The reported value is $103.46 million. $7.27B is the market cap of Kar Auction Svcs Inc. KAR touched $53.84 during the last trading session after $0.92 change.Currently KAR Auction Services, Inc. is uptrending after 22.53% change in last May 17, 2017. KAR has 991,287 shares volume. KAR outperformed by 10.98% the S&P500.

Cardinal Capital Management Llc manages about $1.96 billion and $2.69 billion US longs. According to a filing the fund reduced its stake in Howard Hughes Corp (NYSE:HHC) by 97,518 shares to 439,349 shares, valued at $61.13 million in 2018Q1. It decreased Ligand Pharmaceuticals Inc (NASDAQ:LGND) position by 215,011 shares to 439,335 shares, and cut its Mgp Ingredients Inc New (NASDAQ:MGPI) stake.

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

Total analysts of 8 have positions in Kar Auction Services Inc (NYSE:KAR) as follows: 6 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 75%. Since January 16, 2018 according to StockzIntelligence Inc Kar Auction Services Inc has 9 analyst reports. On Tuesday, January 16 the firm earned “Hold” rating by Stephens. On Wednesday, February 28 the company was maintained by Robert W. Baird. On Friday, March 2 the company was maintained by Bank of America. On Thursday, March 1 the stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given by Gabelli. On Monday, March 19 JP Morgan maintained KAR Auction Services, Inc. (NYSE:KAR) rating. JP Morgan has “Overweight” rating and $63 target. On Wednesday, March 21 the stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given by Barrington.

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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