Millennium Management LLC Increases Stock Holdings in Cooper-Standard Holdings Inc. (NYSE:CPS)

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

A number of other hedge funds and other institutional investors have also modified their holdings of CPS. Raymond James Financial Inc. acquired a new stake in shares of Cooper-Standard in the 4th quarter worth $2,522,000. JPMorgan Chase & Co. increased its stake in shares of Cooper-Standard by 109.6% in the 4th quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock worth $2,189,000 after acquiring an additional 84,412 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Cooper-Standard by 105.8% in the 4th quarter. Jane Street Group LLC now owns 114,147 shares of the auto parts company's stock worth $1,548,000 after acquiring an additional 58,691 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Cooper-Standard by 19.5% in the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock worth $4,583,000 after acquiring an additional 55,100 shares during the last quarter. Finally, Trexquant Investment LP increased its stake in shares of Cooper-Standard by 281.9% in the 4th quarter. Trexquant Investment LP now owns 73,159 shares of the auto parts company's stock worth $992,000 after acquiring an additional 54,002 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Price Performance

Shares of NYSE:CPS traded down $0.05 during midday trading on Thursday, reaching $21.08. 164,435 shares of the company's stock were exchanged, compared to its average volume of 217,553. The firm's 50 day simple moving average is $18.04 and its two-hundred day simple moving average is $15.88. The stock has a market cap of $369.86 million, a price-to-earnings ratio of -4.64 and a beta of 2.63. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week 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 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CPS. Citigroup began 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. Wall Street Zen raised Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd.

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.