StockNews.com cut shares of Cooper-Standard (NYSE:CPS - Free Report) from a buy rating to a hold rating in a research report report published on Friday morning.
Cooper-Standard Trading Up 18.8 %
Shares of NYSE:CPS traded up $2.54 during trading on Friday, reaching $16.05. The company's stock had a trading volume of 591,914 shares, compared to its average volume of 198,065. The stock has a market capitalization of $278.15 million, a PE ratio of -1.61 and a beta of 2.78. Cooper-Standard has a 12 month low of $11.24 and a 12 month high of $19.21. The firm's 50 day simple moving average is $14.62 and its two-hundred day simple moving average is $14.35.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.22).
Institutional Investors Weigh In On Cooper-Standard
Several hedge funds and other institutional investors have recently made changes to their positions in CPS. JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 33,135 shares during the last quarter. Barclays PLC grew its stake in shares of Cooper-Standard by 110.6% during the third quarter. Barclays PLC now owns 31,013 shares of the auto parts company's stock valued at $430,000 after buying an additional 16,284 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Cooper-Standard during the third quarter valued at approximately $574,000. Stifel Financial Corp raised its holdings in shares of Cooper-Standard by 6.5% in the third quarter. Stifel Financial Corp now owns 52,909 shares of the auto parts company's stock worth $734,000 after buying an additional 3,206 shares during the period. Finally, Millrace Asset Group Inc. bought a new stake in shares of Cooper-Standard during the 3rd quarter worth approximately $1,096,000. Hedge funds and other institutional investors own 69.11% of the company's stock.
Cooper-Standard Company Profile
(
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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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