The Santander Consumer USA Holdings Inc. (SC) Lifted to Buy at Zacks Investment Research

The Santander Consumer USA Holdings Inc. (SC) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a hold rating to a buy rating in a research note issued to investors on Tuesday. Zacks Investment Research currently has $14.00 price target on the stock.

According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company which focused on vehicle finance and unsecured consumer lending products. The company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and automotive dealer floorplan loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “

Other analysts have also issued reports about the stock. Vetr lowered shares of Santander Consumer USA Holdings from a sell rating to a strong sell rating and set a $11.12 price target on the stock. in a research note on Wednesday, August 31st. Jefferies Group reiterated a buy rating and set a $15.00 price target on shares of Santander Consumer USA Holdings in a research note on Thursday, September 15th. Barclays PLC reiterated an overweight rating and set a $15.00 price target on shares of Santander Consumer USA Holdings in a research note on Friday, July 15th. Finally, Janney Montgomery Scott reiterated a hold rating on shares of Santander Consumer USA Holdings in a research note on Thursday, September 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Santander Consumer USA Holdings has an average rating of Hold and a consensus price target of $15.95.

Shares of Santander Consumer USA Holdings (NYSE:SC) opened at 12.99 on Tuesday. The firm has a market capitalization of $4.65 billion, a PE ratio of 5.96 and a beta of 1.18. Santander Consumer USA Holdings has a 1-year low of $8.54 and a 1-year high of $22.54. The company has a 50-day moving average of $11.99 and a 200-day moving average of $11.50.

In related news, CFO Jennifer Popp sold 13,434 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $12.02, for a total value of $161,476.68. Following the completion of the transaction, the chief financial officer now directly owns 33,018 shares of the company’s stock, valued at $396,876.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.56% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Santander Consumer USA Holdings by 49.5% in the first quarter. Wellington Management Group LLP now owns 25,315,448 shares of the company’s stock worth $265,558,000 after buying an additional 8,385,747 shares during the period. Samlyn Capital LLC increased its position in shares of Santander Consumer USA Holdings by 119.5% in the first quarter. Samlyn Capital LLC now owns 6,094,949 shares of the company’s stock worth $63,936,000 after buying an additional 3,318,771 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Santander Consumer USA Holdings by 696.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,014,266 shares of the company’s stock worth $21,130,000 after buying an additional 1,761,399 shares during the period. Harbor Spring Capital LLC increased its position in shares of Santander Consumer USA Holdings by 83.0% in the first quarter. Harbor Spring Capital LLC now owns 3,476,280 shares of the company’s stock worth $36,466,000 after buying an additional 1,576,280 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Santander Consumer USA Holdings during the second quarter worth about $9,473,000. 33.72% of the stock is owned by hedge funds and other institutional investors.

About Santander Consumer USA Holdings

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’s segment, Consumer Finance, includes its 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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