Renaissance Technologies LLC Raises Stock Holdings in Cooper-Standard Holdings Inc. (NYSE:CPS)

Renaissance Technologies LLC boosted its stake in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 338,000 shares of the auto parts company's stock after acquiring an additional 55,100 shares during the period. Renaissance Technologies LLC owned 1.95% of Cooper-Standard worth $4,583,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Cooper-Standard in the 4th quarter worth approximately $48,000. National Bank of Canada FI bought a new stake in shares of Cooper-Standard in the fourth quarter valued at $54,000. SG Americas Securities LLC purchased a new position in shares of Cooper-Standard during the 4th quarter valued at $107,000. Gladstone Institutional Advisory LLC purchased a new stake in Cooper-Standard during the fourth quarter valued at about $219,000. Finally, ExodusPoint Capital Management LP purchased a new position in Cooper-Standard in the 4th quarter valued at approximately $304,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Cooper-Standard Stock Performance

CPS traded up $0.76 during midday trading on Friday, hitting $14.16. The stock had a trading volume of 318,273 shares, compared to its average volume of 176,205. The company has a market cap of $245.35 million, a P/E ratio of -3.12 and a beta of 2.55. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $17.76. The business has a fifty day moving average of $14.08 and a 200 day moving average of $14.38.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.22).

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CPS shares. StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Citigroup initiated coverage on shares of Cooper-Standard in a report on Wednesday. They issued a "neutral" rating and a $12.00 price target on the stock.

Insider Transactions at Cooper-Standard

In related news, Director David John Mastrocola purchased 3,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the acquisition, the director now directly owns 11,115 shares in the company, valued at approximately $169,726.05. The trade was a 36.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.80% of the company's stock.

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.