Fiduciary Alliance LLC Boosts Stake in Cooper-Standard Holdings Inc. (NYSE:CPS)

Fiduciary Alliance LLC increased its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 314,690 shares of the auto parts company’s stock after acquiring an additional 55,605 shares during the quarter. Fiduciary Alliance LLC owned approximately 1.82% of Cooper-Standard worth $4,365,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CPS. AQR Capital Management LLC lifted its holdings in shares of Cooper-Standard by 18.3% in the second quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company’s stock valued at $1,488,000 after purchasing an additional 18,478 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Cooper-Standard by 12.2% in the second quarter. Renaissance Technologies LLC now owns 216,800 shares of the auto parts company’s stock worth $2,697,000 after purchasing an additional 23,600 shares during the period. Rhumbline Advisers increased its stake in Cooper-Standard by 15.8% during the second 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 period. Panagora Asset Management Inc. increased its stake in Cooper-Standard by 36.6% during the second quarter. Panagora Asset Management Inc. now owns 77,450 shares of the auto parts company’s stock valued at $963,000 after acquiring an additional 20,758 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Cooper-Standard by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 99,427 shares of the auto parts company’s stock valued at $1,237,000 after purchasing an additional 6,559 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th.

Cooper-Standard Stock Performance

NYSE CPS traded down $0.25 on Monday, reaching $12.99. The company had a trading volume of 29,810 shares, compared to its average volume of 133,441. The firm has a market capitalization of $224.60 million, a price-to-earnings ratio of -2.23 and a beta of 2.72. Cooper-Standard Holdings Inc. has a 1-year low of $11.24 and a 1-year high of $20.82. The company’s fifty day moving average is $13.96 and its 200-day moving average is $14.08.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, August 1st. The auto parts company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.09) by $1.45. The firm had revenue of $708.36 million during the quarter.

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.