Canyon Capital Advisors LLC grew its position in Santander Consumer USA Holdings Inc (NYSE:SC) by 92.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,190,000 shares of the financial services provider’s stock after acquiring an additional 2,966,681 shares during the period. Santander Consumer USA comprises approximately 1.3% of Canyon Capital Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Canyon Capital Advisors LLC’s holdings in Santander Consumer USA were worth $118,167,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SC. Macquarie Group Ltd. acquired a new position in shares of Santander Consumer USA during the 2nd quarter worth about $118,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Santander Consumer USA during the 2nd quarter worth about $124,000. Meeder Asset Management Inc. raised its position in shares of Santander Consumer USA by 253.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 6,419 shares during the last quarter. Advisors Preferred LLC raised its position in shares of Santander Consumer USA by 466.5% during the 2nd quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 7,716 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Santander Consumer USA during the 2nd quarter worth about $186,000.

In related news, insider Lisa Vanroekel sold 8,819 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $19.61, for a total transaction of $172,940.59. Following the completion of the sale, the insider now owns 25,640 shares of the company’s stock, valued at approximately $502,800.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Shares of NYSE SC opened at $21.49 on Wednesday. Santander Consumer USA Holdings Inc has a 12-month low of $13.99 and a 12-month high of $21.81. The stock has a market cap of $7.66 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.10.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.18. Santander Consumer USA had a net margin of 20.57% and a return on equity of 13.00%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the company earned $0.74 EPS. equities analysts expect that Santander Consumer USA Holdings Inc will post 2.58 earnings per share for the current year.

SC has been the subject of several research analyst reports. ValuEngine downgraded shares of Santander Consumer USA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 31st. Stephens set a $22.00 price target on shares of Santander Consumer USA and gave the stock a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Santander Consumer USA from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research report on Tuesday, June 19th. Janney Montgomery Scott upgraded shares of Santander Consumer USA from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Friday, June 29th. Finally, Citigroup upped their price target on shares of Santander Consumer USA from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, June 29th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Santander Consumer USA currently has an average rating of “Buy” and a consensus target price of $22.25.

About Santander Consumer USA

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.

Featured Story: Fundamental Analysis

Want to see what other hedge funds are holding SC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Santander Consumer USA Holdings Inc (NYSE:SC).

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

Receive News & Ratings for Santander Consumer USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santander Consumer USA and related companies with MarketBeat.com's FREE daily email newsletter.