Santander Consumer USA Holdings Inc (NYSE:SC) is one of the new stock positions initiated by Greenlight Capital during the first quarter of 2015 and the investment manager owns 2.17 million stocks with market value of $50.27 million. Tiger Management holds 585,000 shares of the consumer finance company with its stake valued at $13.54 million. The shares of Santander Consumer USA Holdings Inc (NYSE:SC) breached their 52-week high price last week and are currently trading at $26.34 with a dividend yield of 2.28%. The holding company has received consensus rating of “buy” from 15 rating firms with 12-month share price target of $26.48. Billionaire Lee Ainslie’s Maverick Capital is among the major stockholders of Santander Consumer USA Holdings Inc (NYSE:SC).
Both investment managers have reduced their stake in NorthStar Asset Management Group Inc (NYSE:NSAM) during the first quarter of 2015. David Einhorn cut his investment in the asset management company by 30% with 3.18 million shares valued at $74.11 million. Similarly, Robertson has reduced his stake in the firm by 7% with reported ownership of 130,400 shares with market value of $3.04 million. NorthStar Realty Europe Corp, wholly owned subsidiary of Northstar Realty Finance Corp (NYSE:NRF), announced private offering of $300 million worth senior stock-settlable notes that are due in December 2016. The European subsidiary of Nortstar Realty Finance intends to use this for further acquisition of commercial real estate in Europe and similar corporate purposes. Robert Pitts’ Steadfast Capital Management has invested $337.11 million in NorthStar Asset Management Group Inc (NYSE:NSAM). This stock was pitched at Horbor Investment Conference in February.
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Micron Technology, Inc. (NASDAQ:MU) is another company that attracted investments from both Greenlight Capital and Tiger Management despite a 32.03% decline in its share prices. In fact, both investors have increased their stakes in the semiconductor company with Greenlight Capital increasing its stake by 7% to 33.55 million shares valued at $910.20 million. Tiger Management’s current position in Micron Technology includes 58,500 shares with market value of $1.59 million. It has been a difficult year for Micron Technology, Inc. (NASDAQ:MU) and its shares are trading near their 52-week lower prices. The semiconductor device manufacturer is about to reports third quarter 2015 earnings after the closure of market on June 25, 2016. The analysts at Thompson Reuters are expecting consensus earnings per share of 57 cents over revenue of $3.91 billion. Andreas Halvorsen’s Viking Global and Seth Klarman’s Baupost Group maintain large positions in Micron Technology, Inc. (NASDAQ:MU). We covered Halvorsen’s views on Micron in this article.
Marvell Technology Group Ltd. (NASDAQ:MRVL) is another semiconductor company to have found place in the equity portfolios of Einhorn and Robertson. David Einhorn has lowered his stake in the company by 63% and his current position includes 9.05 million shares valued at $133.02 million. On the contrary, Julian Robertson initiated a new position in Marvell Technology Group Ltd. (NASDAQ:MRVL) with 46,100 shares having market value of $678,000. The semiconductor company has received investments from the likes of David E. Shaw’s D.E Shaw and Cliff Asness’ AQR Capital Management.
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