Fiduciary Alliance LLC Acquires 76,744 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Fiduciary Alliance LLC boosted its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 22.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 420,636 shares of the auto parts company's stock after buying an additional 76,744 shares during the quarter. Fiduciary Alliance LLC owned 2.43% of Cooper-Standard worth $6,444,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CPS. GAMMA Investing LLC boosted its stake in shares of Cooper-Standard by 2,218.4% in the 1st quarter. GAMMA Investing LLC now owns 8,717 shares of the auto parts company's stock worth $134,000 after buying an additional 8,341 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Cooper-Standard by 186.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,428 shares of the auto parts company's stock valued at $169,000 after acquiring an additional 8,083 shares during the period. PharVision Advisers LLC bought a new position in Cooper-Standard in the fourth quarter valued at about $296,000. Squarepoint Ops LLC purchased a new position in Cooper-Standard in the fourth quarter worth about $263,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Cooper-Standard during the 4th quarter valued at about $178,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Cooper-Standard Trading Up 1.8%

NYSE CPS traded up $0.37 on Tuesday, hitting $21.04. 244,057 shares of the company traded hands, compared to its average volume of 216,101. The business's 50 day moving average price is $17.83 and its 200-day moving average price is $15.81. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $26.73. The company has a market capitalization of $369.26 million, a price-to-earnings ratio of -4.64 and a beta of 2.63.

Cooper-Standard (NYSE:CPS - Get Free Report) last released 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 firm had revenue of $667.07 million during the quarter, compared to analysts' expectations of $670.00 million.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPS shares. Wall Street Zen upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd. Citigroup assumed coverage on shares of Cooper-Standard in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price target on the stock.

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.