Pacific Ridge Capital Partners LLC Has $4.98 Million Stock Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Key Points

• Pacific Ridge Capital Partners LLC has reduced its stake in Cooper-Standard Holdings Inc. by 4.3%, selling 14,512 shares to hold 325,256 shares valued at approximately $4.98 million.
• Multiple hedge funds have also modified their positions in Cooper-Standard, with 69.11% of the stock owned by institutional investors.
• Cooper-Standard recently reported $0.06 EPS for the quarter, exceeding expectations, and its stock is currently trading near $26.16, with a market capitalization of $459.11 million.

Pacific Ridge Capital Partners LLC trimmed its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 325,256 shares of the auto parts company's stock after selling 14,512 shares during the period. Pacific Ridge Capital Partners LLC owned 1.85% of Cooper-Standard worth $4,983,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Cooper-Standard by 11,273.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 2,593 shares in the last quarter. National Bank of Canada FI acquired a new position in Cooper-Standard during the fourth quarter valued at approximately $54,000. US Bancorp DE grew its stake in shares of Cooper-Standard by 86.9% in the first quarter. US Bancorp DE now owns 4,400 shares of the auto parts company's stock worth $67,000 after acquiring an additional 2,046 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Cooper-Standard in the first quarter worth $74,000. Finally, Quarry LP bought a new position in Cooper-Standard in the fourth quarter worth $79,000. Institutional investors own 69.11% of the company's stock.

Cooper-Standard Stock Performance

NYSE CPS traded up $0.23 during trading on Tuesday, hitting $24.43. The stock had a trading volume of 197,823 shares, compared to its average volume of 297,583. Cooper-Standard Holdings Inc. has a 12 month low of $10.38 and a 12 month high of $30.82. The company has a market capitalization of $428.75 million, a PE ratio of 15.08 and a beta of 2.92. The company's 50-day moving average price is $22.81 and its two-hundred day moving average price is $18.49.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The auto parts company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.12. The business had revenue of $705.97 million during the quarter, compared to the consensus estimate of $687.00 million.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup began coverage on Cooper-Standard in a report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price objective for the company. Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research 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.