Sherbrooke Park Advisers LLC Takes $178,000 Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Sherbrooke Park Advisers LLC bought a new stake in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,128 shares of the auto parts company's stock, valued at approximately $178,000. Sherbrooke Park Advisers LLC owned about 0.08% of Cooper-Standard at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Millennium Management LLC boosted its stake in shares of Cooper-Standard by 449.7% in the 4th quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock valued at $2,221,000 after purchasing an additional 134,008 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Cooper-Standard by 53.7% during the 4th quarter. Lazard Asset Management LLC now owns 43,563 shares of the auto parts company's stock worth $590,000 after acquiring an additional 15,228 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Cooper-Standard by 34.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 179,579 shares of the auto parts company's stock worth $2,435,000 after acquiring an additional 45,717 shares during the last quarter. Graham Capital Management L.P. bought a new position in Cooper-Standard during the 4th quarter worth approximately $145,000. Finally, Deutsche Bank AG boosted its stake in Cooper-Standard by 44.3% during the 4th quarter. Deutsche Bank AG now owns 11,108 shares of the auto parts company's stock worth $151,000 after acquiring an additional 3,409 shares during the last quarter. Institutional investors own 69.11% of the company's stock.

Cooper-Standard Trading Up 0.3%

CPS stock opened at $23.63 on Wednesday. The stock has a 50-day moving average price of $16.67 and a two-hundred day moving average price of $15.41. The stock has a market cap of $414.66 million, a PE ratio of -5.20 and a beta of 2.63. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $26.73.

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 analysts' consensus estimates of ($0.93) by $1.12. The firm had revenue of $667.07 million for the quarter, compared to the consensus estimate of $670.00 million.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CPS shares. Citigroup started coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price objective on the stock. StockNews.com raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd.

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.

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