Price Michael F Has Trimmed Northeast Bancorp (NBN) Holding by $4.14 Million; Market Valuation Rose; Fir Tree Trimmed Santander Consumer Usa Hdg I (SC) Holding by $9.21 Million as Stock Declined

January 14, 2018 - By Stephen Andrade

Michael Price decreased its stake in Northeast Bancorp (NBN) by 44.03% based on its latest 2017Q3 regulatory filing with the SEC. Price Michael F sold 159,300 shares as the company’s stock rose 36.82% with the market. The hedge fund run by Michael Price held 202,500 shares of the major banks company at the end of 2017Q3, valued at $5.30 million, down from 361,800 at the end of the previous reported quarter. Price Michael F who had been investing in Northeast Bancorp for a number of months, seems to be less bullish one the $220.95M market cap company. The stock increased 1.85% or $0.45 during the last trading session, reaching $24.75. About 25,790 shares traded. Northeast Bancorp (NASDAQ:NBN) has risen 65.21% since January 14, 2017 and is uptrending. It has outperformed by 48.51% the S&P500.

Jeffrey Tannenbaum decreased its stake in Santander Consumer Usa Hdg I (SC) by 19.1% based on its latest 2017Q3 regulatory filing with the SEC. Fir Tree Inc sold 613,800 shares as the company’s stock declined 16.81% while stock markets rallied. The hedge fund run by Jeffrey Tannenbaum held 2.60M shares of the consumer services company at the end of 2017Q3, valued at $39.97M, down from 3.21M at the end of the previous reported quarter. Fir Tree Inc who had been investing in Santander Consumer Usa Hdg I for a number of months, seems to be less bullish one the $6.76B market cap company. The stock increased 1.29% or $0.24 during the last trading session, reaching $18.79. About 2.31M shares traded or 29.93% up from the average. Santander Consumer USA Holdings Inc. (NYSE:SC) has risen 1.54% since January 14, 2017 and is uptrending. It has underperformed by 15.16% the S&P500.

Among 23 analysts covering Santander Consumer USA Holdings (NYSE:SC), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 48% are positive. Santander Consumer USA Holdings had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Monday, January 8. Jefferies maintained Santander Consumer USA Holdings Inc. (NYSE:SC) rating on Wednesday, January 10. Jefferies has “Buy” rating and $23.0 target. The firm has “Overweight” rating given on Wednesday, August 30 by PiperJaffray. The firm earned “Buy” rating on Friday, April 1 by Citigroup. Compass Point maintained it with “Neutral” rating and $13 target in Friday, January 29 report. The stock of Santander Consumer USA Holdings Inc. (NYSE:SC) earned “Buy” rating by BMO Capital Markets on Friday, October 27. Jefferies maintained Santander Consumer USA Holdings Inc. (NYSE:SC) rating on Wednesday, June 7. Jefferies has “Buy” rating and $1800 target. As per Thursday, March 17, the company rating was maintained by Stephens. Stephens maintained it with “Hold” rating and $23.0 target in Wednesday, January 3 report. The stock of Santander Consumer USA Holdings Inc. (NYSE:SC) has “Neutral” rating given on Thursday, January 12 by Citigroup.

Analysts await Santander Consumer USA Holdings Inc. (NYSE:SC) to report earnings on January, 31 before the open. They expect $0.32 EPS, up 88.24% or $0.15 from last year’s $0.17 per share. SC’s profit will be $115.18 million for 14.68 P/E if the $0.32 EPS becomes a reality. After $0.48 actual EPS reported by Santander Consumer USA Holdings Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

Investors sentiment decreased to 1.18 in 2017 Q3. Its down 0.35, from 1.53 in 2017Q2. It dived, as 25 investors sold SC shares while 42 reduced holdings. 29 funds opened positions while 50 raised stakes. 113.25 million shares or 0.98% more from 112.15 million shares in 2017Q2 were reported. Hutchin Hill LP accumulated 1.35M shares or 0.78% of the stock. Quantitative Inv Mngmt Ltd Liability holds 0.01% in Santander Consumer USA Holdings Inc. (NYSE:SC) or 83,900 shares. 221,246 were accumulated by Walleye Trading Ltd Com. Ubs Asset Mgmt Americas Inc owns 69,477 shares. Federated Pa holds 11,265 shares or 0% of its portfolio. Schwab Charles Inv stated it has 0.01% in Santander Consumer USA Holdings Inc. (NYSE:SC). Ny State Common Retirement Fund holds 0.02% in Santander Consumer USA Holdings Inc. (NYSE:SC) or 780,300 shares. Us National Bank & Trust De has 0% invested in Santander Consumer USA Holdings Inc. (NYSE:SC) for 6,936 shares. Pub Employees Retirement Association Of Colorado stated it has 0% of its portfolio in Santander Consumer USA Holdings Inc. (NYSE:SC). Millennium Management has invested 0.08% of its portfolio in Santander Consumer USA Holdings Inc. (NYSE:SC). Proxima Capital Mgmt Ltd holds 3.35% of its portfolio in Santander Consumer USA Holdings Inc. (NYSE:SC) for 390,000 shares. Canada Pension Plan Board invested in 0.01% or 189,600 shares. 615 were accumulated by First Quadrant LP Ca. Denali Ltd Liability Co reported 713,400 shares. 8.00 million were accumulated by Carlson Capital L P.

Fir Tree Inc, which manages about $18.45B and $3.51B US Long portfolio, upped its stake in Sm Energy Co (NYSE:SM) by 1.35 million shares to 4.70 million shares, valued at $83.37 million in 2017Q3, according to the filing. It also increased its holding in Eco Stim Energy Solutions In (NASDAQ:ESES) by 18.46 million shares in the quarter, for a total of 50.03 million shares, and has risen its stake in Cf Corp.

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By1 Stephen Andrade







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