Trexquant Investment LP Boosts Stock Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Trexquant Investment LP lifted its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 281.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,159 shares of the auto parts company's stock after purchasing an additional 54,002 shares during the quarter. Trexquant Investment LP owned about 0.42% of Cooper-Standard worth $992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in Cooper-Standard in the fourth quarter worth about $54,000. Pacific Ridge Capital Partners LLC boosted its stake in Cooper-Standard by 11.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock worth $4,607,000 after purchasing an additional 33,631 shares in the last quarter. JPMorgan Chase & Co. grew its position in Cooper-Standard by 109.6% during the 4th quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock worth $2,189,000 after purchasing an additional 84,412 shares during the last quarter. Quantbot Technologies LP acquired a new position in Cooper-Standard during the 4th quarter valued at approximately $48,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Cooper-Standard in the fourth quarter worth $2,522,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director David John Mastrocola purchased 3,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were bought at an average cost of $15.27 per share, with a total value of $45,810.00. Following the transaction, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

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Cooper-Standard Trading Up 2.3 %

Shares of CPS stock traded up $0.28 during mid-day trading on Tuesday, reaching $12.65. The stock had a trading volume of 189,891 shares, compared to its average volume of 170,588. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $17.76. The firm has a market cap of $219.19 million, a price-to-earnings ratio of -2.79 and a beta of 2.55. The business's fifty day moving average is $14.42 and its 200-day moving average is $14.45.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd.

Cooper-Standard Profile

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.