Great Hill Capital LLC Sells 100,872 Shares of Cooper-Standard Holdings Inc. $CPS

Great Hill Capital LLC reduced its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,619 shares of the auto parts company’s stock after selling 100,872 shares during the quarter. Cooper-Standard accounts for about 0.6% of Great Hill Capital LLC’s holdings, making the stock its 14th biggest position. Great Hill Capital LLC’s holdings in Cooper-Standard were worth $9,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPS. Geneos Wealth Management Inc. raised its holdings in shares of Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 682 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after purchasing an additional 1,432 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Cooper-Standard by 101.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 1,658 shares in the last quarter. SG Americas Securities LLC bought a new stake in Cooper-Standard during the 4th quarter worth approximately $154,000. Finally, CWM LLC raised its stake in shares of Cooper-Standard by 22.0% in the fourth quarter. CWM LLC now owns 5,246 shares of the auto parts company’s stock worth $172,000 after purchasing an additional 945 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Cooper-Standard Stock Down 0.5%

Shares of NYSE CPS opened at $27.86 on Tuesday. Cooper-Standard Holdings Inc. has a twelve month low of $22.32 and a twelve month high of $47.98. The stock’s 50 day moving average price is $29.03 and its 200-day moving average price is $31.54. The company has a market capitalization of $494.43 million, a PE ratio of -12.78 and a beta of 1.99.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, May 7th. The auto parts company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The company had revenue of $686.36 million during the quarter, compared to the consensus estimate of $660.00 million. As a group, research analysts expect that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Analyst Ratings Changes

CPS has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on Cooper-Standard to $55.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cooper-Standard in a research report on Friday, May 22nd. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.33.

About Cooper-Standard

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.