Cooper-Standard Holdings Inc. (NYSE:CPS) Short Interest Update

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,400,000 shares, a growth of 21.7% from the March 31st total of 1,150,000 shares. Based on an average trading volume of 300,200 shares, the short-interest ratio is currently 4.7 days. Approximately 8.4% of the shares of the company are sold short.

Insider Transactions at Cooper-Standard

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

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Cooper-Standard during the 4th quarter worth $2,522,000. JPMorgan Chase & Co. increased its stake in Cooper-Standard by 75.5% during the third quarter. JPMorgan Chase & Co. now owns 77,008 shares of the auto parts company's stock worth $1,068,000 after acquiring an additional 33,135 shares during the last quarter. Barclays PLC raised its holdings in shares of Cooper-Standard by 110.6% in the 3rd quarter. Barclays PLC now owns 31,013 shares of the auto parts company's stock worth $430,000 after purchasing an additional 16,284 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Cooper-Standard by 11.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock valued at $4,607,000 after purchasing an additional 33,631 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Cooper-Standard by 19.5% during the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock worth $4,583,000 after purchasing an additional 55,100 shares during the period. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Cooper-Standard Trading Up 3.4 %

Shares of Cooper-Standard stock traded up $0.85 during mid-day trading on Thursday, hitting $25.94. 592,666 shares of the stock were exchanged, compared to its average volume of 203,271. The stock has a market capitalization of $455.18 million, a price-to-earnings ratio of -5.71 and a beta of 2.63. Cooper-Standard has a twelve month low of $10.38 and a twelve month high of $26.31. The company has a 50-day simple moving average of $14.76 and a 200 day simple moving average of $14.72.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $667.07 million during the quarter, compared to analysts' expectations of $670.00 million.

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.