Santander Consumer USA Holdings Inc. (NYSE:SC) Position Cut by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC cut its stake in shares of Santander Consumer USA Holdings Inc. (NYSE:SC) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,778,561 shares of the financial services provider’s stock after selling 23,083 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.05% of Santander Consumer USA Holdings worth $48,214,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SC. Sei Investments Co. lifted its position in shares of Santander Consumer USA Holdings by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Santander Consumer USA Holdings by 40.3% in the first quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock valued at $129,000 after buying an additional 2,800 shares during the last quarter. TD Asset Management Inc. acquired a new stake in shares of Santander Consumer USA Holdings in the second quarter valued at approximately $133,000. Federated Investors Inc. PA increased its stake in shares of Santander Consumer USA Holdings by 134.9% during the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 6,665 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Santander Consumer USA Holdings by 3.4% during the first quarter. Amalgamated Bank now owns 15,158 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 496 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Ismail Dawood purchased 5,000 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were purchased at an average cost of $12.94 per share, with a total value of $64,700.00. Following the completion of the acquisition, the chief financial officer now owns 127,609 shares of the company’s stock, valued at approximately $1,651,260.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

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A number of brokerages have recently weighed in on SC. ValuEngine upgraded Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Susquehanna Bancshares Inc upgraded Santander Consumer USA Holdings from a “neutral” rating to a “positive” rating in a research note on Tuesday, September 5th. Zacks Investment Research upgraded Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. BMO Capital Markets lifted their price target on Santander Consumer USA Holdings from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, September 13th. Finally, Stephens reiterated an “equal weight” rating and issued a $14.00 price target on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.26.

Shares of Santander Consumer USA Holdings Inc. (SC) traded up 1.25% during mid-day trading on Friday, reaching $14.54. The company had a trading volume of 1,179,562 shares. Santander Consumer USA Holdings Inc. has a 12-month low of $10.57 and a 12-month high of $15.47. The firm has a 50-day moving average of $13.59 and a 200-day moving average of $12.90. The company has a market capitalization of $5.23 billion, a P/E ratio of 7.69 and a beta of 1.27.

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

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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