Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its holdings in Cooper-Standard Holdings Inc. by 89% in the first quarter, owning 126,242 shares valued at approximately $1.93 million.
• Cooper-Standard reported a quarterly EPS of $0.19, significantly beating analysts' expectations of ($0.93), with total revenue of $667.07 million.
• Several hedge funds have increased their stakes in Cooper-Standard, with the firm’s total institutional ownership now at 69.11%.

GSA Capital Partners LLP boosted its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 89.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,242 shares of the auto parts company's stock after purchasing an additional 59,433 shares during the period. GSA Capital Partners LLP owned approximately 0.72% of Cooper-Standard worth $1,934,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Cetera Investment Advisers purchased a new stake in Cooper-Standard during the first quarter valued at about $158,000. CWM LLC grew its position in Cooper-Standard by 391.9% during the first quarter. CWM LLC now owns 7,457 shares of the auto parts company's stock valued at $114,000 after acquiring an additional 5,941 shares during the period. Cerity Partners LLC purchased a new stake in Cooper-Standard during the first quarter valued at about $155,000. Nisa Investment Advisors LLC grew its position in Cooper-Standard by 11,273.9% during the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 2,593 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new stake in Cooper-Standard during the first quarter valued at about $74,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Cooper-Standard Price Performance

NYSE CPS traded up $2.22 during trading hours on Friday, hitting $26.32. The company had a trading volume of 824,785 shares, compared to its average volume of 296,525. The firm's 50 day moving average is $22.68 and its 200 day moving average is $18.30. The company has a market capitalization of $461.85 million, a price-to-earnings ratio of -10.08 and a beta of 2.79. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $30.82.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup assumed coverage on Cooper-Standard in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price target for the company. Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th.

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.