Harbor Spring Capital buys $41 Million stake in Santander Consumer USA Holdings Inc (SC)

Santander Consumer USA Holdings Inc (SC) : Harbor Spring Capital scooped up 1,576,280 additional shares in Santander Consumer USA Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,476,280 shares of Santander Consumer USA Holdings Inc which is valued at $41 Million.Santander Consumer USA Holdings Inc makes up approximately 10.01% of Harbor Spring Capital’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc boosted its stake in SC in the latest quarter, The investment management firm added 19,323 additional shares and now holds a total of 62,987 shares of Santander Consumer USA Holdings Inc which is valued at $743,247. Credit Agricole S A sold out all of its stake in SC during the most recent quarter. The investment firm sold 221,011 shares of SC which is valued $2.6 Million. Zacks Investment Management sold out all of its stake in SC during the most recent quarter. The investment firm sold 35,348 shares of SC which is valued $417,106.Proshare Advisors reduced its stake in SC by selling 8,065 shares or 33.84% in the most recent quarter. The Hedge Fund company now holds 15,768 shares of SC which is valued at $199,781.

Santander Consumer USA Holdings Inc opened for trading at $12.39 and hit $12.88 on the upside on Wednesday, eventually ending the session at $12.83, with a gain of 4.31% or 0.53 points. The heightened volatility saw the trading volume jump to 18,59,377 shares. Company has a market cap of $4,595 M.

On the company’s financial health, Santander Consumer USA Holdings Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.56. The company had revenue of $1272.00 million for the quarter, compared to analysts expectations of $1204.28 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Santander Consumer USA Holdings Inc. Santander Consumer USA Holdings Inc was Downgraded by Macquarie to ” Neutral” on May 11, 2016. Company shares were Reiterated by Compass Point on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 13.50 from a previous price target of $12 .Shares were Reiterated by Compass Point on Apr 1, 2016 to “Neutral” and Lowered the Price Target to $ 12 from a previous price target of $13 .

Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases as well as dealer loans for inventory construction real estate working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance and origination and servicing.

Leave a Reply

Santander Consumer USA Holdings Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Santander Consumer USA Holdings Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.