Price Action Don’t Lie: Is Buying Santander Consumer USA Holdings Inc Here a Winning Strategy?

Price Action Don't Lie: Is Buying Santander Consumer USA Holdings Inc Here a Winning Strategy?

The stock of Santander Consumer USA Holdings Inc (NYSE:SC) is a huge mover today! About 2.77M shares traded hands or 84.67% up from the average. Santander Consumer USA Holdings Inc (NYSE:SC) has risen 19.98% since April 8, 2016 and is uptrending. It has outperformed by 14.33% the S&P500.
The move comes after 9 months positive chart setup for the $5.38B company. It was reported on Nov, 10 by Barchart.com. We have $17.95 PT which if reached, will make NYSE:SC worth $1.94 billion more.

Santander Consumer USA Holdings Inc (NYSE:SC) Ratings Coverage

Out of 11 analysts covering Santander Consumer USA Holdings (NYSE:SC), 4 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 36% are positive. Santander Consumer USA Holdings has been the topic of 21 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup with “Buy” on Friday, April 1. On Friday, January 29 the stock rating was maintained by Compass Point with “Neutral”. The firm earned “Equal-Weight” rating on Thursday, March 17 by Stephens. The firm has “Neutral” rating by Janney Capital given on Thursday, April 21. The firm earned “Market Perform” rating on Thursday, April 28 by Wood. Compass Point maintained it with “Neutral” rating and $13.50 target price in Thursday, April 28 report. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, July 26. Macquarie Research downgraded the stock to “Neutral” rating in Wednesday, May 11 report. JMP Securities downgraded the stock to “Market Perform” rating in Wednesday, March 16 report. The firm earned “Buy” rating on Friday, April 1 by UBS.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.40, from 0.8 in 2016Q1. The ratio improved, as 26 funds sold all Santander Consumer USA Holdings Inc shares owned while 44 reduced positions. 30 funds bought stakes while 54 increased positions. They now own 115.76 million shares or 0.89% more from 114.74 million shares in 2016Q1.
The Connecticut-based Cubist Systematic Strategies Ltd Liability Co has invested 0.02% in Santander Consumer USA Holdings Inc (NYSE:SC). Ladenburg Thalmann Service has 1,192 shares for 0% of their US portfolio. Rhumbline Advisers last reported 0% of its portfolio in the stock. Capstone Invest Advsr accumulated 16,612 shares or 0% of the stock. Cibc Asset last reported 0% of its portfolio in the stock. Creative Planning last reported 74 shares in the company. Proxima Management Ltd Liability Corporation holds 541,246 shares or 2.19% of its portfolio. Allianz Asset Mgmt Ag has 1.11 million shares for 0.01% of their US portfolio. Next Fincl Gp Inc last reported 0% of its portfolio in the stock. Moreover, Amalgamated Natl Bank has 0.01% invested in Santander Consumer USA Holdings Inc (NYSE:SC) for 12,751 shares. Utah Retirement Sys owns 19,200 shares or 0.01% of their US portfolio. Citadel Advsrs Ltd has 0% invested in the company for 405,038 shares. First Quadrant L P Ca accumulated 682 shares or 0% of the stock. Focused Wealth Management owns 7,150 shares or 0.03% of their US portfolio. Parallax Volatility Advisers Lp holds 0% or 40,696 shares in its portfolio.

Insider Transactions: Since July 18, 2016, the stock had 0 buys, and 1 sale for $161,434 net activity. Another trade for 13,434 shares valued at $161,434 was made by Popp Jennifer on Monday, July 18.

More recent Santander Consumer USA Holdings Inc (NYSE:SC) news were published by: Forbes.com which released: “Relative Strength Alert For Santander Consumer USA Holdings” on November 08, 2016. Also Prnewswire.com published the news titled: “Santander Consumer USA Holdings Inc. Provides Update on Filings” on September 23, 2016. Prnewswire.com‘s news article titled: “Santander Consumer USA Holdings Inc. Files Q2 2016 Form 10-Q and Restated …” with publication date: October 27, 2016 was also an interesting one.

SC Company Profile

Santander Consumer USA Holdings Inc., incorporated on July 1, 2013, is the holding firm for Santander Consumer USA Inc., and subsidiaries, a consumer finance firm focused on vehicle finance and third party servicing. The Company’s segment, Consumer Finance, includes its vehicle financial services and products, including retail installment contracts, vehicle leases, and dealer loans, as well as financial services and products related to motorcycles, recreational vehicles (RVs), and marine vehicles. It also includes its personal loan and point-of-sale financing operations. The Company’s primary business is the indirect origination of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. The Firm offers auto financing services and products to Fiat Chrysler Automobiles US LLC (FCA) clients and dealers under the Chrysler Capital brand. These services and products include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit.

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