Jane Street Group LLC Raises Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Jane Street Group LLC lifted its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 105.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,147 shares of the auto parts company's stock after buying an additional 58,691 shares during the quarter. Jane Street Group LLC owned about 0.66% of Cooper-Standard worth $1,548,000 at the end of the most recent reporting period.

Several 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 fourth quarter worth about $2,522,000. JPMorgan Chase & Co. boosted its position 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 valued at $2,189,000 after purchasing an additional 84,412 shares during the period. Renaissance Technologies LLC grew its stake in Cooper-Standard by 19.5% during the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock worth $4,583,000 after buying an additional 55,100 shares during the last quarter. Trexquant Investment LP grew its stake in Cooper-Standard by 281.9% during the 4th quarter. Trexquant Investment LP now owns 73,159 shares of the auto parts company's stock worth $992,000 after buying an additional 54,002 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in Cooper-Standard by 11.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock worth $4,607,000 after buying an additional 33,631 shares during the period. Institutional investors and hedge funds own 69.11% of the company's stock.

Cooper-Standard Trading Up 0.1%

Shares of CPS traded up $0.02 during mid-day trading on Thursday, hitting $22.15. 184,455 shares of the company's stock were exchanged, compared to its average volume of 210,942. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $26.73. The business's 50 day moving average is $16.84 and its two-hundred day moving average is $15.45. The firm has a market capitalization of $388.69 million, a P/E ratio of -4.88 and a beta of 2.63.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates 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.

Analyst Ratings Changes

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

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.