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

Squarepoint Ops LLC bought a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CPS. Raymond James Financial Inc. purchased a new position in Cooper-Standard during the fourth quarter worth about $2,522,000. Millennium Management LLC lifted its position in Cooper-Standard by 449.7% during the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock worth $2,221,000 after buying an additional 134,008 shares during the period. Pacific Ridge Capital Partners LLC lifted 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 buying an additional 33,631 shares during the period. Marshall Wace LLP purchased a new position in Cooper-Standard during the fourth quarter worth about $456,000. Finally, JPMorgan Chase & Co. lifted its position in Cooper-Standard by 109.6% during the fourth quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock worth $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 Up 5.0%

NYSE CPS traded up $1.14 during mid-day trading on Wednesday, reaching $24.04. 174,300 shares of the company's stock traded hands, compared to its average volume of 218,601. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $26.73. The company has a fifty day simple moving average of $18.83 and a 200-day simple moving average of $16.17. The company has a market cap of $421.89 million, a price-to-earnings ratio of -5.30 and a beta of 2.87.

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

Analyst Ratings Changes

CPS has been the topic of several recent analyst reports. Wall Street Zen upgraded Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Citigroup initiated coverage on Cooper-Standard in a research note on Wednesday, April 23rd. They issued 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.