Zacks Investment Research lowered shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

According to Zacks, “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. “

Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

SC has been the topic of several other reports. Vetr cut Santander Consumer USA Holdings from a sell rating to a strong sell rating and set a $11.12 price objective on the stock. in a research note on Wednesday, August 31st. Deutsche Bank AG reissued a hold rating on shares of Santander Consumer USA Holdings in a research note on Wednesday, June 15th. Jefferies Group reissued a buy rating and set a $15.00 price objective on shares of Santander Consumer USA Holdings in a research note on Sunday, July 17th. Finally, Barclays PLC set a $11.00 price objective on Santander Consumer USA Holdings and gave the stock a hold rating in a research note on Wednesday, September 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Santander Consumer USA Holdings has an average rating of Hold and an average price target of $16.48.

Santander Consumer USA Holdings (NYSE:SC) opened at 10.95 on Wednesday. The stock has a 50 day moving average price of $11.71 and a 200-day moving average price of $11.33. The stock has a market cap of $3.92 billion, a PE ratio of 5.02 and a beta of 1.18. Santander Consumer USA Holdings has a 1-year low of $8.54 and a 1-year high of $22.54.

In other Santander Consumer USA Holdings news, CFO Jennifer Popp sold 13,434 shares of the stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $12.02, for a total transaction of $161,476.68. Following the sale, the chief financial officer now directly owns 33,018 shares of the company’s stock, valued at approximately $396,876.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.56% of the company’s stock.

Several large investors have recently bought and sold shares of SC. IBM Retirement Fund purchased a new stake in Santander Consumer USA Holdings during the second quarter valued at about $110,000. Rafferty Asset Management LLC purchased a new stake in Santander Consumer USA Holdings during the first quarter valued at about $123,000. KCG Holdings Inc. purchased a new stake in Santander Consumer USA Holdings during the second quarter valued at about $122,000. Parametrica Management Ltd purchased a new stake in Santander Consumer USA Holdings during the first quarter valued at about $125,000. Finally, Panagora Asset Management Inc. raised its stake in Santander Consumer USA Holdings by 307.8% in the second quarter. Panagora Asset Management Inc. now owns 12,438 shares of the company’s stock valued at $128,000 after buying an additional 9,388 shares during the last quarter. 33.76% of the stock is currently owned by institutional investors and hedge funds.

Santander Consumer USA Holdings Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company’s segment, Consumer Finance, includes its vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

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