Santander Consumer USA Holdings (NYSE:SC).
Canyon Capital Advisors LLC says it sold 280,531 shares last quarter decreasing its holdings in Santander Consumer USA Holdings by 9.2%. Its stake was valued at $42,679,000 an increase of $3,667,000 as of quarter end.
Canyon Capital Advisors LLC isn’t the only one who has changed their investment in SC. As of quarter end Harbor Spring Capital, LLC had disposed of 1,721,110 shares trimming its stake by 51.2%. The value of the investment in Santander Consumer USA Holdings decreased from $42,913,000 to $25,238,000 a change of 41.2% quarter to quarter. Dimensional Fund Advisors Lp bolstered its position by buying 71,016 shares an increase of 1.6% as of 09/30/2017. Dimensional Fund Advisors Lp currently owns 4,491,731 shares with a value of $69,037,000. The value of the position overall is up by 22.4%.
Ubs Asset Management Americas Inc grew its stake by buying 1,227 shares an increase of 9.8% from 06/30/2017 to 09/30/2017. Ubs Asset Management Americas Inc now controls 13,748 shares valued at $211,307,000. The total value of its holdings increased 32.3%.
Barclays PLC updated its forecast on SC with a rating of “Hold” and projecting a price target of $15.00. Citigroup raised the price target on October 30 changing the forecast from $16.00 to $17.00 and stated a “Neutral” rating.
Equity analyst JMP Securities raised the price target of the stock on October 30 changing the price objective from $16.00 to $21.00 with a rating of “Outperform”. Equity analyst J P Morgan Chase & Co raised the price target on October 30 boosting the projection from $15.00 to $16.00 and issued a “Neutral” rating.
Equity analyst Jefferies Group LLC raised the price target on October 30 changing the forecast from $18.00 to $20.00 and issued a “Buy” recommendation. Equity analyst Citigroup released guidance on SC setting a rating of “Neutral”.
The company is now up since yesterday’s close of 15.78. The most current P/E ratio is 8.75 and the market cap is 5.85B. As of the latest earnings report the EPS was $1.86 with 359.95M shares outstanding.
Traders are feeling more bullish of late as shown by the fall in short interest. The stock realized a fall in short interest of -14.66% as of October 13, 2017 from the last reporting period. Short shares fell from 7,571,440 to 6,461,180 over that timeframe. Days to cover decreased -1.0 to 4.0 and the short interest percentage is 0.02% as of October 13.