Squarepoint Ops LLC Makes New $263,000 Investment in Cooper-Standard Holdings Inc. (NYSE:CPS)

Squarepoint Ops LLC acquired a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,379 shares of the auto parts company's stock, valued at approximately $263,000. Squarepoint Ops LLC owned approximately 0.11% of Cooper-Standard as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridgeway Capital Management LLC grew its stake in shares of Cooper-Standard by 2.5% during 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 during the last quarter. Invesco Ltd. raised its position 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 valued at $1,592,000 after purchasing an additional 1,466 shares during the last quarter. Northern Trust Corp boosted its stake in Cooper-Standard by 1.3% in the 4th quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company's stock worth $1,961,000 after purchasing an additional 1,925 shares in the last quarter. Barclays PLC grew its position 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 purchasing an additional 3,204 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Cooper-Standard by 44.3% during the 4th quarter. Deutsche Bank AG now owns 11,108 shares of the auto parts company's stock valued at $151,000 after purchasing an additional 3,409 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CPS. Wall Street Zen raised Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Citigroup started coverage on Cooper-Standard in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price objective on the stock.

Cooper-Standard Trading Up 2.3%

NYSE CPS traded up $0.50 on Monday, hitting $22.44. 140,563 shares of the company's stock traded hands, compared to its average volume of 218,173. The firm's 50-day moving average price is $18.29 and its two-hundred day moving average price is $16.01. The firm has a market capitalization of $393.78 million, a PE ratio of -4.94 and a beta of 2.87. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $26.73.

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

Cooper-Standard Company Profile

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.