Wolverine Asset Management LLC Acquires Shares of 41,401 Cooper-Standard Holdings Inc. (NYSE:CPS)

Wolverine Asset Management LLC purchased a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,401 shares of the auto parts company's stock, valued at approximately $574,000. Wolverine Asset Management LLC owned about 0.24% of Cooper-Standard at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in Cooper-Standard in the third quarter valued at $33,000. Janney Montgomery Scott LLC acquired a new stake in shares of Cooper-Standard in the 1st quarter worth approximately $232,000. BNP Paribas Financial Markets boosted its stake in Cooper-Standard by 19.6% during the 1st quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company's stock valued at $304,000 after purchasing an additional 3,004 shares in the last quarter. Rhumbline Advisers lifted its holdings in Cooper-Standard by 15.8% in the 2nd quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company's stock valued at $340,000 after acquiring an additional 3,723 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Cooper-Standard by 7.7% during the third quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company's stock worth $618,000 after buying an additional 3,197 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Cooper-Standard Stock Down 6.6 %

NYSE CPS traded down $1.11 during midday trading on Thursday, hitting $15.70. The company had a trading volume of 108,994 shares, compared to its average volume of 136,867. Cooper-Standard Holdings Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $20.82. The stock has a market cap of $271.95 million, a price-to-earnings ratio of -1.69 and a beta of 2.74. The firm has a fifty day simple moving average of $13.94 and a two-hundred day simple moving average of $13.79.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share for the quarter, beating analysts' consensus estimates of ($1.18) by $0.50. The company had revenue of $685.35 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com raised Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th.

Cooper-Standard Company 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.