Santander Consumer USA Holdings Inc (NYSE:SC) Sees Large Decline in Short Interest

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Santander Consumer USA Holdings Inc (NYSE:SC) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 4,120,000 shares, a decrease of 7.6% from the September 30th total of 4,460,000 shares. Based on an average daily volume of 879,000 shares, the days-to-cover ratio is presently 4.7 days. Approximately 4.2% of the company’s shares are short sold.

NYSE SC traded down $0.02 during midday trading on Tuesday, hitting $23.78. 687,596 shares of the company traded hands, compared to its average volume of 835,868. The company has a market cap of $8.07 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.02. The company’s 50-day simple moving average is $25.03 and its 200-day simple moving average is $24.70. Santander Consumer USA has a 52 week low of $16.10 and a 52 week high of $27.75.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Santander Consumer USA had a return on equity of 13.20% and a net margin of 12.33%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. As a group, research analysts anticipate that Santander Consumer USA will post 2.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th will be given a $0.22 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.70%. Santander Consumer USA’s payout ratio is 34.65%.

Several institutional investors have recently bought and sold shares of the company. NewSquare Capital LLC boosted its position in shares of Santander Consumer USA by 36.0% in the 3rd quarter. NewSquare Capital LLC now owns 2,435 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 645 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Santander Consumer USA by 3.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 18,852 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 711 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Santander Consumer USA by 1.2% in the 3rd quarter. Rhumbline Advisers now owns 83,977 shares of the financial services provider’s stock worth $2,142,000 after purchasing an additional 1,015 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Santander Consumer USA by 7.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 19,702 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Santander Consumer USA by 53.3% in the 2nd quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 1,287 shares in the last quarter.

Several research analysts recently issued reports on the company. UBS Group cut Santander Consumer USA from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $22.00 to $26.00 in a research note on Monday, November 4th. Zacks Investment Research cut Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. BTIG Research cut Santander Consumer USA from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Stephens cut Santander Consumer USA from an “equal” rating to a “weight” rating and dropped their price objective for the stock from $25.00 to $23.00 in a research note on Monday, September 9th. Finally, Morgan Stanley dropped their target price on Santander Consumer USA from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.25.

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.

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