Zacks Investment Research downgraded shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a hold rating to a strong sell rating in a research report released on Thursday.

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 equities analysts have also issued reports about the company. BMO Capital Markets lowered their target price on Santander Consumer USA Holdings from $15.00 to $14.00 and set an outperform rating on the stock in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a buy rating and set a $18.00 target price on shares of Santander Consumer USA Holdings in a research report on Friday, May 12th. ValuEngine raised Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research report on Wednesday, June 28th. UBS AG reaffirmed a buy rating and set a $15.00 target price (down from $15.50) on shares of Santander Consumer USA Holdings in a research report on Wednesday. Finally, JMP Securities raised Santander Consumer USA Holdings from a market perform rating to an outperform rating and set a $16.00 target price on the stock in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $14.63.

Santander Consumer USA Holdings (SC) traded up 0.16% during mid-day trading on Thursday, hitting $12.71. 1,535,574 shares of the stock were exchanged. The company has a market capitalization of $4.57 billion, a PE ratio of 6.72 and a beta of 1.29. The stock has a 50 day moving average price of $12.73 and a 200 day moving average price of $12.98. Santander Consumer USA Holdings has a 1-year low of $10.57 and a 1-year high of $15.47.

Santander Consumer USA Holdings (NYSE:SC) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $0.79 earnings per share. Santander Consumer USA Holdings’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that Santander Consumer USA Holdings will post $1.75 earnings per share for the current fiscal year.

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In related news, CFO Ismail Dawood purchased 5,000 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was acquired at an average cost of $12.94 per share, with a total value of $64,700.00. Following the transaction, the chief financial officer now owns 127,609 shares of the company’s stock, valued at approximately $1,651,260.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Richard Morrin sold 9,791 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $12.52, for a total value of $122,583.32. Following the completion of the sale, the chief operating officer now directly owns 80,663 shares of the company’s stock, valued at $1,009,900.76. The disclosure for this sale can be found here. Insiders purchased a total of 15,000 shares of company stock valued at $182,400 over the last three months. 0.36% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its stake in Santander Consumer USA Holdings by 3.4% in the first quarter. Amalgamated Bank now owns 15,158 shares of the financial services provider’s stock worth $202,000 after buying an additional 496 shares during the last quarter. Sei Investments Co. raised its stake in 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 worth $123,000 after buying an additional 555 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Santander Consumer USA Holdings by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 55,228 shares of the financial services provider’s stock worth $736,000 after buying an additional 738 shares during the last quarter. Zweig DiMenna Associates LLC raised its stake in Santander Consumer USA Holdings by 5.2% in the first quarter. Zweig DiMenna Associates LLC now owns 32,100 shares of the financial services provider’s stock worth $428,000 after buying an additional 1,600 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in Santander Consumer USA Holdings by 9.4% in the first quarter. Gotham Asset Management LLC now owns 18,701 shares of the financial services provider’s stock worth $249,000 after buying an additional 1,603 shares during the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Santander Consumer USA Holdings 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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Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

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