Fiduciary Alliance LLC lifted its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 126.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 213,683 shares of the auto parts company's stock after acquiring an additional 119,279 shares during the period. Fiduciary Alliance LLC owned approximately 1.24% of Cooper-Standard worth $3,383,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in CPS. Sunbelt Securities Inc. raised its position in Cooper-Standard by 145.9% in the 1st quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company's stock worth $320,000 after purchasing an additional 11,450 shares during the period. Los Angeles Capital Management LLC raised its position in Cooper-Standard by 12.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 28,894 shares of the auto parts company's stock worth $478,000 after purchasing an additional 3,250 shares during the period. Millrace Asset Group Inc. raised its position in Cooper-Standard by 12.9% in the 4th quarter. Millrace Asset Group Inc. now owns 95,393 shares of the auto parts company's stock worth $1,864,000 after purchasing an additional 10,866 shares during the period. Meridian Wealth Management LLC purchased a new position in Cooper-Standard in the 4th quarter worth $195,000. Finally, Panagora Asset Management Inc. purchased a new position in Cooper-Standard in the 4th quarter worth $465,000. 69.11% of the stock is owned by institutional investors.
Cooper-Standard Trading Up 4.4 %
Shares of CPS stock traded up $0.52 during mid-day trading on Friday, reaching $12.44. The stock had a trading volume of 468,281 shares, compared to its average volume of 109,013. The stock's 50-day moving average price is $13.62 and its two-hundred day moving average price is $15.47. Cooper-Standard Holdings Inc. has a 52-week low of $11.24 and a 52-week high of $22.74. The firm has a market capitalization of $215.09 million, a PE ratio of -2.10 and a beta of 2.79.
Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Monday, May 6th. The auto parts company reported ($1.75) earnings per share for the quarter. The firm had revenue of $676.43 million for the quarter.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Wednesday, May 15th.
Check Out Our Latest Stock Analysis 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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