ExodusPoint Capital Management LP Makes New $304,000 Investment in Cooper-Standard Holdings Inc. (NYSE:CPS)

ExodusPoint Capital Management LP acquired a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 22,447 shares of the auto parts company's stock, valued at approximately $304,000. ExodusPoint Capital Management LP owned 0.13% of Cooper-Standard at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPS. Quantbot Technologies LP purchased a new position in Cooper-Standard during the fourth quarter valued at $48,000. National Bank of Canada FI bought a new stake in Cooper-Standard in the fourth quarter worth about $54,000. SG Americas Securities LLC purchased a new stake in shares of Cooper-Standard during the fourth quarter valued at $107,000. Orion Portfolio Solutions LLC boosted its holdings in shares of Cooper-Standard by 14.2% in the third quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company's stock valued at $190,000 after purchasing an additional 1,701 shares during the period. Finally, Gladstone Institutional Advisory LLC purchased a new stake in Cooper-Standard in the fourth quarter worth about $219,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cooper-Standard

In related news, Director David John Mastrocola acquired 3,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were bought at an average price of $15.27 per share, with a total value of $45,810.00. Following the completion of the purchase, the director now owns 11,115 shares of the company's stock, valued at approximately $169,726.05. This represents a 36.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd.

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Cooper-Standard Stock Performance

NYSE CPS opened at $12.11 on Monday. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $17.76. The stock has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $14.46. The firm has a market capitalization of $209.86 million, a P/E ratio of -2.67 and a beta of 2.55.

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

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.

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