Jacobs Levy Equity Management Inc. Acquires 45,717 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Jacobs Levy Equity Management Inc. lifted its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 34.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,579 shares of the auto parts company's stock after purchasing an additional 45,717 shares during the period. Jacobs Levy Equity Management Inc. owned 1.04% of Cooper-Standard worth $2,435,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CPS. Graham Capital Management L.P. bought a new position in Cooper-Standard during the fourth quarter valued at $145,000. Deutsche Bank AG boosted its stake in Cooper-Standard by 44.3% during the fourth quarter. Deutsche Bank AG now owns 11,108 shares of the auto parts company's stock valued at $151,000 after buying an additional 3,409 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of Cooper-Standard by 9.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 61,183 shares of the auto parts company's stock worth $830,000 after purchasing an additional 5,185 shares in the last quarter. Corton Capital Inc. purchased a new stake in Cooper-Standard in the fourth quarter valued at approximately $213,000. Finally, Cubist Systematic Strategies LLC raised its stake in Cooper-Standard by 269.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 40,129 shares of the auto parts company's stock valued at $544,000 after purchasing an additional 29,254 shares in the last quarter. Institutional investors own 69.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CPS shares. StockNews.com upgraded Cooper-Standard from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. Citigroup started coverage on Cooper-Standard in a report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price objective on the stock.

Cooper-Standard Trading Down 3.4%

Shares of NYSE:CPS traded down $0.82 during trading on Wednesday, reaching $22.82. 67,350 shares of the company traded hands, compared to its average volume of 209,216. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $26.73. The firm has a market capitalization of $400.36 million, a price-to-earnings ratio of -5.03 and a beta of 2.63. The business's fifty day moving average is $16.67 and its 200-day moving average is $15.41.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, beating 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.

Cooper-Standard 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.