Corton Capital Inc. Invests $213,000 in Cooper-Standard Holdings Inc. (NYSE:CPS)

Corton Capital Inc. purchased a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 15,738 shares of the auto parts company's stock, valued at approximately $213,000. Corton Capital Inc. owned approximately 0.09% of Cooper-Standard at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bridgeway Capital Management LLC grew its position in Cooper-Standard by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 33,300 shares of the auto parts company's stock worth $452,000 after acquiring an additional 800 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Cooper-Standard by 1.3% in the 4th quarter. Invesco Ltd. now owns 117,403 shares of the auto parts company's stock worth $1,592,000 after purchasing an additional 1,466 shares during the last quarter. Northern Trust Corp grew its holdings in Cooper-Standard by 1.3% during the 4th quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company's stock worth $1,961,000 after acquiring an additional 1,925 shares during the last quarter. Barclays PLC grew its holdings in Cooper-Standard by 10.3% during the 4th quarter. Barclays PLC now owns 34,217 shares of the auto parts company's stock worth $464,000 after acquiring an additional 3,204 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Cooper-Standard in the 4th quarter valued at about $48,000. 69.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPS has been the topic of a number of analyst reports. Citigroup assumed coverage on shares of Cooper-Standard in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price target on the stock. StockNews.com raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd.

Cooper-Standard Stock Performance

Shares of NYSE:CPS traded up $0.59 during midday trading on Tuesday, hitting $24.92. 109,076 shares of the stock were exchanged, compared to its average volume of 204,839. The stock has a market capitalization of $437.30 million, a price-to-earnings ratio of -5.49 and a beta of 2.63. The business's 50-day moving average price is $15.41 and its 200 day moving average price is $14.98. Cooper-Standard Holdings Inc. has a 12 month low of $10.38 and a 12 month high of $26.73.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million during the quarter, compared to the consensus estimate of $670.00 million.

Insider Buying and Selling at Cooper-Standard

In other news, Director David John Mastrocola bought 3,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of $15.27 per share, with a total value of $45,810.00. Following the completion of the transaction, the director now directly owns 11,115 shares of the company's stock, valued at $169,726.05. This trade represents a 36.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.80% of the company's stock.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.