Millrace Asset Group Inc. bought a new position in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 79,020 shares of the auto parts company's stock, valued at approximately $1,096,000. Millrace Asset Group Inc. owned about 0.46% of Cooper-Standard at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Cooper-Standard by 25.4% in the third 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 during the last quarter. Wolverine Asset Management LLC bought a new stake in Cooper-Standard during the third quarter worth $574,000. US Bancorp DE purchased a new stake in Cooper-Standard in the 3rd quarter valued at $33,000. Arkadios Wealth Advisors raised its position in Cooper-Standard by 7.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company's stock valued at $618,000 after buying an additional 3,197 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in Cooper-Standard by 21.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 314,690 shares of the auto parts company's stock worth $4,365,000 after acquiring an additional 55,605 shares during the last quarter. Institutional investors own 69.11% of the company's stock.
Cooper-Standard Price Performance
Shares of NYSE CPS traded down $0.37 during midday trading on Tuesday, reaching $14.31. The company's stock had a trading volume of 111,000 shares, compared to its average volume of 136,316. The stock has a market capitalization of $247.99 million, a P/E ratio of -1.48 and a beta of 2.74. The firm has a 50 day moving average price of $14.08 and a 200-day moving average price of $13.72. Cooper-Standard Holdings Inc. has a 12-month low of $11.24 and a 12-month high of $20.82.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly 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 company had revenue of $685.35 million for the quarter.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th.
Check Out Our Latest Research Report on CPS
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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