Stock Traders Purchase High Volume of Put Options on Santander Consumer USA (NYSE:SC)

Santander Consumer USA Holdings Inc (NYSE:SC) saw some unusual options trading on Friday. Traders acquired 808 put options on the stock. This is an increase of 936% compared to the typical volume of 78 put options.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SC. Sei Investments Co. lifted its position in shares of Santander Consumer USA by 6.1% during the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 555 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Santander Consumer USA by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 717 shares during the period. Federated Investors Inc. PA lifted its position in shares of Santander Consumer USA by 134.9% during the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 6,665 shares during the period. Crow Point Partners LLC lifted its position in shares of Santander Consumer USA by 59.8% during the 4th quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 3,500 shares during the period. Finally, Numeric Investors LLC bought a new stake in shares of Santander Consumer USA during the 2nd quarter valued at $189,000. Institutional investors and hedge funds own 91.44% of the company’s stock.

Santander Consumer USA (NYSE:SC) opened at $18.20 on Wednesday. The firm has a market capitalization of $6,763.40, a P/E ratio of 9.78, a P/E/G ratio of 4.64 and a beta of 1.33. Santander Consumer USA has a 1-year low of $11.12 and a 1-year high of $19.02.

Santander Consumer USA (NYSE:SC) last posted its earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.11 billion. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The firm’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. equities research analysts anticipate that Santander Consumer USA will post 1.93 EPS for the current year.

SC has been the subject of several research reports. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Thursday, November 2nd. Goldman Sachs Group assumed coverage on Santander Consumer USA in a research note on Monday, December 4th. They set a “buy” rating and a $21.00 price objective for the company. Barclays set a $18.00 price objective on Santander Consumer USA and gave the stock a “hold” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. raised their target price on Santander Consumer USA from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Citigroup raised their target price on Santander Consumer USA from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $17.87.

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Santander Consumer USA Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

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