Renaissance Technologies LLC Boosts Holdings in Cooper-Standard Holdings Inc. (NYSE:CPS)

Renaissance Technologies LLC grew its stake in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 19.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 338,000 shares of the auto parts company's stock after purchasing an additional 55,100 shares during the period. Renaissance Technologies LLC owned approximately 1.95% of Cooper-Standard worth $4,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Cooper-Standard by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 392,882 shares of the auto parts company's stock worth $5,450,000 after acquiring an additional 4,821 shares during the last quarter. State Street Corp lifted its position in shares of Cooper-Standard by 1.4% during the third quarter. State Street Corp now owns 349,445 shares of the auto parts company's stock worth $4,847,000 after purchasing an additional 4,809 shares during the last quarter. Fiduciary Alliance LLC lifted its position in shares of Cooper-Standard by 9.3% during the fourth quarter. Fiduciary Alliance LLC now owns 343,892 shares of the auto parts company's stock worth $4,663,000 after purchasing an additional 29,202 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Cooper-Standard by 11.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock valued at $4,607,000 after purchasing an additional 33,631 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Cooper-Standard in the fourth quarter worth about $2,522,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Insider Buying and Selling

In other news, Director David John Mastrocola purchased 3,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were bought at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the purchase, the director now directly owns 11,115 shares of the company's stock, valued at approximately $169,726.05. This trade represents a 36.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.80% of the stock is currently owned by company insiders.

Cooper-Standard Price Performance

Shares of NYSE:CPS traded up $0.70 during midday trading on Thursday, hitting $13.42. The company had a trading volume of 246,102 shares, compared to its average volume of 174,808. The business's 50-day simple moving average is $14.12 and its 200-day simple moving average is $14.38. The stock has a market cap of $232.53 million, a price-to-earnings ratio of -2.96 and a beta of 2.55. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $17.76.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings results 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).

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CPS shares. Citigroup started coverage on shares of Cooper-Standard in a research report on Wednesday. They issued a "neutral" rating and a $12.00 price objective for the company. StockNews.com raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd.

About Cooper-Standard

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.