Short Interest in Cooper-Standard Holdings Inc. (NYSE:CPS) Grows By 21.7%

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) was the recipient of a large growth in short interest in 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 daily volume of 300,200 shares, the short-interest ratio is presently 4.7 days. Approximately 8.4% of the company's shares are short sold.

Insider Activity

In related news, Director David John Mastrocola acquired 3,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the purchase, the director now owns 11,115 shares of the company's stock, valued at $169,726.05. This represents a 36.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.80% of the company's stock.

Hedge Funds Weigh In On Cooper-Standard

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in shares of Cooper-Standard by 11,273.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 2,593 shares during the last quarter. Quantbot Technologies LP bought a new position in Cooper-Standard during the fourth quarter valued at $48,000. National Bank of Canada FI purchased a new position in shares of Cooper-Standard in the 4th quarter worth $54,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Cooper-Standard during the 1st quarter valued at about $74,000. Finally, Quarry LP purchased a new stake in shares of Cooper-Standard during the 4th quarter valued at about $79,000. 69.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on CPS shares. StockNews.com raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. Citigroup assumed coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 target price on the stock.

Cooper-Standard Stock Up 43.4 %

NYSE CPS traded up $6.61 during trading hours on Friday, reaching $21.83. The company's stock had a trading volume of 2,346,948 shares, compared to its average volume of 188,530. Cooper-Standard has a 1 year low of $10.38 and a 1 year high of $22.20. The company has a market capitalization of $383.07 million, a price-to-earnings ratio of -4.81 and a beta of 2.63. The firm's 50-day moving average price is $14.20 and its 200-day moving average price is $14.49.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million during the quarter, compared to analysts' expectations of $670.00 million.

About Cooper-Standard

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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