Windacre Partnership LLC lessened its holdings in shares of Santander Consumer USA Holdings Inc (NYSE:SC) by 29.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,861,300 shares of the financial services provider’s stock after selling 3,723,500 shares during the period. Santander Consumer USA accounts for about 18.8% of Windacre Partnership LLC’s portfolio, making the stock its 2nd largest position. Windacre Partnership LLC owned 2.46% of Santander Consumer USA worth $164,997,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Advisors Preferred LLC grew its holdings in shares of Santander Consumer USA by 1,000.4% during the fourth quarter. Advisors Preferred LLC now owns 5,480 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 4,982 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Santander Consumer USA by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 717 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Santander Consumer USA during the fourth quarter worth $161,000. Crow Point Partners LLC boosted its holdings in Santander Consumer USA by 59.8% in the fourth 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 last quarter. Finally, OxFORD Asset Management LLP bought a new position in Santander Consumer USA in the third quarter valued at about $190,000.
Several research firms recently issued reports on SC. UBS began coverage on Santander Consumer USA in a report on Wednesday, March 28th. They issued a “neutral” rating and a $17.00 price target on the stock. Zacks Investment Research cut Santander Consumer USA from a “hold” rating to a “strong sell” rating in a report on Wednesday. Piper Jaffray reiterated a “buy” rating and issued a $25.00 price target on shares of Santander Consumer USA in a report on Thursday, February 1st. Goldman Sachs cut Santander Consumer USA from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $19.00 in a report on Monday, February 26th. Finally, Morgan Stanley raised their price target on Santander Consumer USA from $18.00 to $19.50 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Santander Consumer USA currently has an average rating of “Hold” and a consensus target price of $18.70.
NYSE:SC traded down $0.54 during mid-day trading on Friday, hitting $15.83. The company had a trading volume of 1,398,233 shares, compared to its average volume of 1,605,692. Santander Consumer USA Holdings Inc has a fifty-two week low of $11.12 and a fifty-two week high of $19.02. The firm has a market capitalization of $5,903.16, a price-to-earnings ratio of 9.10, a PEG ratio of 4.13 and a beta of 1.11.
Santander Consumer USA (NYSE:SC) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.58 billion. Santander Consumer USA had a net margin of 18.09% and a return on equity of 11.37%. During the same period in the previous year, the company posted $0.17 EPS. sell-side analysts expect that Santander Consumer USA Holdings Inc will post 1.98 EPS for the current year.
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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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