GSA Capital Partners LLP cut its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 40.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,324 shares of the auto parts company's stock after selling 48,008 shares during the period. GSA Capital Partners LLP owned approximately 0.40% of Cooper-Standard worth $962,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of CPS. US Bancorp DE acquired a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $33,000. Janney Montgomery Scott LLC acquired a new stake in Cooper-Standard in the 1st quarter worth about $232,000. BNP Paribas Financial Markets increased its stake in Cooper-Standard by 19.6% during the 1st quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company's stock worth $304,000 after buying an additional 3,004 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Cooper-Standard by 15.8% during the second quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company's stock valued at $340,000 after acquiring an additional 3,723 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Cooper-Standard in the third quarter valued at approximately $574,000. Institutional investors and hedge funds own 69.11% 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 report on Tuesday, November 5th.
Get Our Latest Stock Report on Cooper-Standard
Cooper-Standard Stock Down 6.6 %
CPS traded down $1.04 during trading on Friday, reaching $14.63. The company's stock had a trading volume of 177,538 shares, compared to its average volume of 137,050. The firm has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $13.79. The company has a market cap of $253.54 million, a price-to-earnings ratio of -1.47 and a beta of 2.74. Cooper-Standard Holdings Inc. has a 1 year low of $11.24 and a 1 year high of $20.82.
Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share for the quarter, topping analysts' consensus estimates of ($1.18) by $0.50. The company had revenue of $685.35 million for the quarter.
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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