Raymond James Financial Inc. bought a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 186,000 shares of the auto parts company's stock, valued at approximately $2,522,000. Raymond James Financial Inc. owned approximately 1.07% of Cooper-Standard as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Cooper-Standard by 75.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,008 shares of the auto parts company's stock valued at $1,068,000 after acquiring an additional 33,135 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Cooper-Standard by 130.9% during the third quarter. Jane Street Group LLC now owns 55,456 shares of the auto parts company's stock valued at $769,000 after purchasing an additional 31,437 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of Cooper-Standard by 9.3% in the 4th quarter. Fiduciary Alliance LLC now owns 343,892 shares of the auto parts company's stock valued at $4,663,000 after purchasing an additional 29,202 shares during the period. FMR LLC increased its stake in Cooper-Standard by 25.4% in the 3rd quarter. FMR LLC now owns 144,232 shares of the auto parts company's stock worth $2,000,000 after purchasing an additional 29,198 shares in the last quarter. Finally, Barclays PLC raised its holdings in Cooper-Standard by 110.6% during the 3rd quarter. Barclays PLC now owns 31,013 shares of the auto parts company's stock worth $430,000 after buying an additional 16,284 shares during the period. Institutional investors and hedge funds own 69.11% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd.
Check Out Our Latest Research Report on Cooper-Standard
Insider Buying and Selling at Cooper-Standard
In related news, Director David John Mastrocola purchased 3,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.20% of the company's stock.
Cooper-Standard Price Performance
Cooper-Standard stock traded down $0.21 during midday trading on Wednesday, reaching $14.97. The stock had a trading volume of 247,813 shares, compared to its average volume of 156,647. Cooper-Standard Holdings Inc. has a twelve month low of $11.24 and a twelve month high of $19.21. The firm has a market cap of $259.39 million, a price-to-earnings ratio of -3.30 and a beta of 2.71. The firm's fifty day simple moving average is $15.06 and its two-hundred day simple moving average is $14.53.
Cooper-Standard (NYSE:CPS - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.22).
Cooper-Standard Profile
(
Free Report)
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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