Millennium Management LLC Acquires 134,008 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Millennium Management LLC grew its stake in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 449.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,806 shares of the auto parts company's stock after acquiring an additional 134,008 shares during the period. Millennium Management LLC owned 0.95% of Cooper-Standard worth $2,221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CPS. Bridgeway Capital Management LLC increased its holdings in 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 buying an additional 800 shares during the last quarter. Invesco Ltd. increased its stake in shares of Cooper-Standard by 1.3% during the 4th quarter. Invesco Ltd. now owns 117,403 shares of the auto parts company's stock worth $1,592,000 after purchasing an additional 1,466 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Cooper-Standard by 1.3% in the 4th quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company's stock valued at $1,961,000 after purchasing an additional 1,925 shares during the period. Barclays PLC lifted its stake in Cooper-Standard by 10.3% in the 4th quarter. Barclays PLC now owns 34,217 shares of the auto parts company's stock valued at $464,000 after purchasing an additional 3,204 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Cooper-Standard by 44.3% during the fourth quarter. Deutsche Bank AG now owns 11,108 shares of the auto parts company's stock worth $151,000 after purchasing an additional 3,409 shares during the period. Institutional investors and hedge funds own 69.11% of the company's stock.

Analysts Set New Price Targets

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

Cooper-Standard Stock Up 1.8%

Shares of NYSE CPS traded up $0.37 during mid-day trading on Tuesday, reaching $21.04. 244,057 shares of the company were exchanged, compared to its average volume of 216,101. The stock has a market capitalization of $369.26 million, a P/E ratio of -4.64 and a beta of 2.63. The company's 50-day simple moving average is $17.83 and its 200-day simple moving average is $15.81. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $26.73.

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 (EPS) for the quarter, topping the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million for the quarter, compared to analyst estimates 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.