Santander Consumer USA Holdings Inc. (SC) Shares Bought by Canyon Capital Advisors LLC

Canyon Capital Advisors LLC raised its position in shares of Santander Consumer USA Holdings Inc. (NYSE:SC) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,057,332 shares of the financial services provider’s stock after purchasing an additional 367,102 shares during the quarter. Santander Consumer USA Holdings accounts for 0.6% of Canyon Capital Advisors LLC’s portfolio, making the stock its 20th largest position. Canyon Capital Advisors LLC owned approximately 0.85% of Santander Consumer USA Holdings worth $39,012,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Nationwide Fund Advisors boosted its stake in shares of Santander Consumer USA Holdings by 164.2% in the first quarter. Nationwide Fund Advisors now owns 23,832 shares of the financial services provider’s stock worth $317,000 after buying an additional 14,813 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Santander Consumer USA Holdings by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 801,989 shares of the financial services provider’s stock worth $10,683,000 after buying an additional 8,827 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Santander Consumer USA Holdings in the first quarter worth about $506,000. Pacer Advisors Inc. boosted its stake in shares of Santander Consumer USA Holdings by 19.1% in the first quarter. Pacer Advisors Inc. now owns 18,380 shares of the financial services provider’s stock worth $245,000 after buying an additional 2,942 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Santander Consumer USA Holdings in the first quarter worth about $1,170,000. Institutional investors and hedge funds own 91.80% of the company’s stock.

A number of analysts have recently commented on SC shares. Jefferies Group LLC restated a “buy” rating and issued a $18.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. ValuEngine upgraded Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Santander Consumer USA Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Stephens restated an “equal weight” rating and issued a $14.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. Finally, Sandler O’Neill restated a “buy” rating and issued a $18.00 target price (up previously from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $16.08.

Santander Consumer USA Holdings Inc. (NYSE:SC) traded up 0.45% during trading on Friday, reaching $15.68. The company had a trading volume of 1,519,367 shares. Santander Consumer USA Holdings Inc. has a 1-year low of $10.76 and a 1-year high of $15.82. The firm has a 50-day moving average of $14.40 and a 200-day moving average of $13.01. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 8.30 and a beta of 1.29.

Santander Consumer USA Holdings (NYSE:SC) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $0.79 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, analysts anticipate that Santander Consumer USA Holdings Inc. will post $1.74 EPS for the current fiscal year.

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Santander Consumer USA Holdings 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.

Institutional Ownership by Quarter for Santander Consumer USA Holdings (NYSE:SC)

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