Santander Consumer USA (NYSE:SC) Trading Up 28.7%

Santander Consumer USA Holdings Inc (NYSE:SC)’s share price was up 28.7% during mid-day trading on Wednesday . The stock traded as high as $13.05 and last traded at $16.60, approximately 256,952 shares changed hands during trading. A decline of 91% from the average daily volume of 2,716,521 shares. The stock had previously closed at $12.90.

Several equities research analysts have issued reports on SC shares. Zacks Investment Research upgraded shares of Santander Consumer USA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Stephens lifted their target price on shares of Santander Consumer USA from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Barclays lowered shares of Santander Consumer USA from an “equal weight” rating to an “underweight” rating and set a $13.00 target price for the company. in a research report on Tuesday, March 17th. Three investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Santander Consumer USA presently has an average rating of “Hold” and a consensus target price of $24.11.

The stock has a market capitalization of $5.82 billion, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 2.35 and a beta of 0.80. The company has a current ratio of 62.53, a quick ratio of 62.53 and a debt-to-equity ratio of 5.36. The stock’s fifty day moving average price is $22.34 and its two-hundred day moving average price is $23.93.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion. Santander Consumer USA had a net margin of 12.66% and a return on equity of 13.64%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. As a group, analysts expect that Santander Consumer USA Holdings Inc will post 2.74 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in SC. Public Employees Retirement System of Ohio lifted its holdings in shares of Santander Consumer USA by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 29,306 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 469 shares during the last quarter. Canyon Capital Advisors LLC raised its holdings in Santander Consumer USA by 9.7% during the 3rd quarter. Canyon Capital Advisors LLC now owns 10,620,000 shares of the financial services provider’s stock valued at $270,916,000 after buying an additional 934,741 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Santander Consumer USA during the 3rd quarter valued at $794,000. Squarepoint Ops LLC raised its holdings in Santander Consumer USA by 313.1% during the 3rd quarter. Squarepoint Ops LLC now owns 74,364 shares of the financial services provider’s stock valued at $1,897,000 after buying an additional 56,364 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Santander Consumer USA by 143.9% during the 4th quarter. State of Alaska Department of Revenue now owns 12,614 shares of the financial services provider’s stock valued at $294,000 after buying an additional 7,443 shares during the last quarter.

Santander Consumer USA Company Profile (NYSE:SC)

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.

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