JPMorgan Chase & Co. raised its position in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 75.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 77,008 shares of the auto parts company's stock after buying an additional 33,135 shares during the quarter. JPMorgan Chase & Co. owned about 0.44% of Cooper-Standard worth $1,068,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Millrace Asset Group Inc. acquired a new stake in Cooper-Standard in the third quarter valued at $1,096,000. Fiduciary Alliance LLC lifted its stake in shares of Cooper-Standard by 21.5% in the third quarter. Fiduciary Alliance LLC now owns 314,690 shares of the auto parts company's stock valued at $4,365,000 after purchasing an additional 55,605 shares during the period. Wolverine Asset Management LLC purchased a new stake in Cooper-Standard during the third quarter worth about $574,000. Jane Street Group LLC grew its position in 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 worth $769,000 after buying an additional 31,437 shares during the period. Finally, FMR LLC increased its holdings in Cooper-Standard by 25.4% in the third quarter. FMR LLC now owns 144,232 shares of the auto parts company's stock valued at $2,000,000 after buying an additional 29,198 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Cooper-Standard from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th.
Read Our Latest Analysis on Cooper-Standard
Cooper-Standard Price Performance
Cooper-Standard stock traded up $0.79 during trading hours on Friday, hitting $16.80. The stock had a trading volume of 191,068 shares, compared to its average volume of 137,345. The stock has a market capitalization of $291.14 million, a price-to-earnings ratio of -1.69 and a beta of 2.79. Cooper-Standard Holdings Inc. has a 1-year low of $11.24 and a 1-year high of $19.52. The stock's fifty day moving average is $14.51 and its two-hundred day moving average is $14.26.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share for the quarter, beating the consensus estimate of ($1.18) by $0.50. The business had revenue of $685.35 million for the quarter.
About Cooper-Standard
(
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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