ExodusPoint Capital Management LP Invests $304,000 in Cooper-Standard Holdings Inc. (NYSE:CPS)

ExodusPoint Capital Management LP acquired a new position in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,447 shares of the auto parts company's stock, valued at approximately $304,000. ExodusPoint Capital Management LP owned approximately 0.13% of Cooper-Standard at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPS. Quantbot Technologies LP acquired a new position in shares of Cooper-Standard in the fourth quarter worth about $48,000. National Bank of Canada FI purchased a new stake in Cooper-Standard during the 4th quarter worth approximately $54,000. SG Americas Securities LLC acquired a new position in shares of Cooper-Standard in the 4th quarter valued at approximately $107,000. Orion Portfolio Solutions LLC boosted its stake in shares of Cooper-Standard by 14.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company's stock valued at $190,000 after buying an additional 1,701 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of Cooper-Standard during the fourth quarter worth approximately $219,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Cooper-Standard Price Performance

NYSE:CPS traded up $0.36 during mid-day trading on Friday, reaching $12.16. The stock had a trading volume of 201,544 shares, compared to its average volume of 172,796. The company has a market capitalization of $210.68 million, a price-to-earnings ratio of -2.68 and a beta of 2.55. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $17.76. The stock's 50 day simple moving average is $14.24 and its two-hundred day simple moving average is $14.40.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Insiders Place Their Bets

In related news, Director David John Mastrocola acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the purchase, the director now directly owns 11,115 shares in the company, valued at $169,726.05. This represents a 36.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 8.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd.

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.