PharVision Advisers LLC purchased a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,838 shares of the auto parts company's stock, valued at approximately $296,000. PharVision Advisers LLC owned about 0.13% of Cooper-Standard as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CPS. Quantbot Technologies LP bought a new position in Cooper-Standard during the fourth quarter valued at approximately $48,000. National Bank of Canada FI purchased a new stake in Cooper-Standard during the 4th quarter valued at $54,000. Quarry LP bought a new position in shares of Cooper-Standard during the 4th quarter valued at $79,000. SG Americas Securities LLC purchased a new position in shares of Cooper-Standard in the 4th quarter worth $107,000. Finally, Aquatic Capital Management LLC grew its holdings in shares of Cooper-Standard by 336.4% in the fourth quarter. Aquatic Capital Management LLC now owns 8,728 shares of the auto parts company's stock worth $118,000 after acquiring an additional 6,728 shares during the period. Hedge funds and other institutional investors own 69.11% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on CPS. Citigroup began coverage on Cooper-Standard in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 target price on the stock. Wall Street Zen upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd.
View Our Latest Stock Analysis on CPS
Cooper-Standard Stock Performance
Shares of CPS stock traded up $0.06 during mid-day trading on Tuesday, reaching $22.03. 50,548 shares of the company's stock traded hands, compared to its average volume of 210,806. The firm has a market capitalization of $386.60 million, a PE ratio of -4.86 and a beta of 2.63. Cooper-Standard Holdings Inc. has a 12 month low of $10.38 and a 12 month high of $26.73. The firm has a 50 day moving average price of $17.30 and a two-hundred day moving average price of $15.58.
Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million for the quarter, compared to the consensus estimate of $670.00 million.
Cooper-Standard Profile
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Free Report)
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.
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