Arkadios Wealth Advisors Increases Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Key Points

• Arkadios Wealth Advisors increased its stake in Cooper-Standard Holdings by 21.6% after acquiring an additional 10,474 shares, bringing its total to approximately 59,042 shares valued at $905,000.
• Institutional investors own 69.11% of Cooper-Standard, indicating strong interest and support among large fund managers.
• Cooper-Standard reported quarterly earnings of $0.06 per share, surpassing analysts' estimates and showing revenue of $705.97 million for the quarter.

Arkadios Wealth Advisors raised its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,042 shares of the auto parts company's stock after acquiring an additional 10,474 shares during the period. Arkadios Wealth Advisors owned approximately 0.34% of Cooper-Standard worth $905,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CPS. Raymond James Financial Inc. purchased a new position in shares of Cooper-Standard during the 4th quarter worth approximately $2,522,000. Millennium Management LLC increased its stake in Cooper-Standard by 449.7% in the 4th quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock valued at $2,221,000 after purchasing an additional 134,008 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Cooper-Standard by 109.6% in the 4th quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock valued at $2,189,000 after purchasing an additional 84,412 shares in the last quarter. Fiduciary Alliance LLC increased its stake in Cooper-Standard by 22.3% in the 1st quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company's stock valued at $6,444,000 after purchasing an additional 76,744 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in Cooper-Standard by 89.0% in the 1st quarter. GSA Capital Partners LLP now owns 126,242 shares of the auto parts company's stock valued at $1,934,000 after purchasing an additional 59,433 shares in the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Citigroup assumed coverage on Cooper-Standard in a report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 target price on the stock.

Cooper-Standard Trading Down 1.3%

NYSE:CPS traded down $0.31 during mid-day trading on Thursday, hitting $24.46. The company had a trading volume of 67,282 shares, compared to its average volume of 295,289. The business has a fifty day simple moving average of $22.88 and a 200-day simple moving average of $18.57. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $30.82. The firm has a market capitalization of $431.30 million, a price-to-earnings ratio of 15.06 and a beta of 2.92.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.12. The company had revenue of $705.97 million during the quarter, compared to analysts' expectations of $687.00 million.

Cooper-Standard 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.