Bridgeway Capital Management LLC Increases Stock Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Bridgeway Capital Management LLC grew its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,300 shares of the auto parts company’s stock after purchasing an additional 800 shares during the period. Bridgeway Capital Management LLC’s holdings in Cooper-Standard were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Cooper-Standard by 15.2% in the fourth quarter. Bank of America Corp DE now owns 34,060 shares of the auto parts company’s stock valued at $462,000 after purchasing an additional 4,506 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Cooper-Standard during the fourth quarter worth about $239,000. Jane Street Group LLC increased its holdings in Cooper-Standard by 105.8% during the fourth quarter. Jane Street Group LLC now owns 114,147 shares of the auto parts company’s stock worth $1,548,000 after buying an additional 58,691 shares during the last quarter. Northern Trust Corp increased its holdings in Cooper-Standard by 1.3% during the fourth quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company’s stock worth $1,961,000 after buying an additional 1,925 shares during the last quarter. Finally, Quarry LP purchased a new stake in Cooper-Standard during the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Stock Performance

NYSE CPS opened at $24.63 on Monday. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $26.73. The company has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $14.90. The company has a market capitalization of $432.21 million, a PE ratio of -5.43 and a beta of 2.63.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.12. The business had revenue of $667.07 million for the quarter, compared to the consensus estimate of $670.00 million.

Insiders Place Their Bets

In other Cooper-Standard news, Director David John Mastrocola bought 3,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the transaction, the director now directly owns 11,115 shares of the company’s stock, valued at $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 SEC, which is accessible through this hyperlink. Company insiders own 8.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Cooper-Standard in a report on Wednesday, April 23rd. They set a “neutral” rating and a $12.00 price objective for the company. StockNews.com upgraded shares of Cooper-Standard from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd.

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.