Corton Capital Inc. Buys Shares of 15,738 Cooper-Standard Holdings Inc. (NYSE:CPS)

Corton Capital Inc. purchased a new position in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,738 shares of the auto parts company's stock, valued at approximately $213,000. Corton Capital Inc. owned about 0.09% of Cooper-Standard as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Alliance LLC increased its stake in shares of Cooper-Standard by 9.3% during the 4th quarter. Fiduciary Alliance LLC now owns 343,892 shares of the auto parts company's stock valued at $4,663,000 after acquiring an additional 29,202 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in Cooper-Standard by 11.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock worth $4,607,000 after purchasing an additional 33,631 shares during the last quarter. Renaissance Technologies LLC raised its stake in Cooper-Standard by 19.5% during the fourth quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock worth $4,583,000 after purchasing an additional 55,100 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Cooper-Standard in the 4th quarter valued at $2,522,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Cooper-Standard by 109.6% during the 4th quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock valued at $2,189,000 after buying an additional 84,412 shares during the period. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Cooper-Standard Trading Down 4.9 %

NYSE:CPS traded down $1.27 on Friday, reaching $24.63. The stock had a trading volume of 501,614 shares, compared to its average volume of 204,585. The company has a 50-day moving average of $15.21 and a 200 day moving average of $14.89. The stock has a market cap of $432.21 million, a P/E ratio of -5.43 and a beta of 2.63. 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 posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share (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 analyst estimates of $670.00 million.

Insider Transactions at Cooper-Standard

In other news, Director David John Mastrocola bought 3,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average price of $15.27 per share, with a total value of $45,810.00. Following the completion of the acquisition, the director now directly owns 11,115 shares in the company, valued at approximately $169,726.05. This trade represents a 36.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CPS shares. StockNews.com upgraded Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd. Citigroup began coverage on shares of Cooper-Standard in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 target price for the company.

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.