Cooper-Standard (NYSE:CPS) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Cooper-Standard (NYSE:CPS) from a buy rating to a hold rating in a report issued on Friday.

Cooper-Standard Price Performance

Shares of NYSE:CPS opened at $13.53 on Friday. The stock has a market cap of $234.42 million, a P/E ratio of -1.36 and a beta of 2.78. The firm has a fifty day moving average price of $14.69 and a 200 day moving average price of $14.36. Cooper-Standard has a 1-year low of $11.24 and a 1-year high of $19.52.

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

Institutional Trading of Cooper-Standard

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in shares of Cooper-Standard by 105.8% in the 4th quarter. Jane Street Group LLC now owns 114,147 shares of the auto parts company’s stock worth $1,548,000 after acquiring an additional 58,691 shares during the period. Northern Trust Corp lifted its stake in shares of Cooper-Standard by 1.3% in the 4th quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company’s stock worth $1,961,000 after acquiring an additional 1,925 shares during the period. Quarry LP acquired a new stake in shares of Cooper-Standard in the 4th quarter worth $79,000. Aquatic Capital Management LLC lifted its stake in shares of Cooper-Standard by 336.4% in the 4th quarter. Aquatic Capital Management LLC now owns 8,728 shares of the auto parts company’s stock worth $118,000 after acquiring an additional 6,728 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Cooper-Standard by 26.6% in the 4th quarter. Stifel Financial Corp now owns 66,989 shares of the auto parts company’s stock worth $908,000 after acquiring an additional 14,080 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.