Silver Point Capital L.P. Sells 100,000 Shares of Cooper-Standard Holdings Inc. (CPS) Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 100,000 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $105.25, for a total transaction of $10,525,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Monday, July 17th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.46, for a total transaction of $1,735,360.00.
  • On Tuesday, July 18th, Silver Point Capital L.P. sold 26,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.50, for a total transaction of $2,821,000.00.
  • On Wednesday, July 12th, Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.76, for a total transaction of $52,880.00.
  • On Friday, July 14th, Silver Point Capital L.P. sold 110,500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.42, for a total transaction of $11,648,910.00.
  • On Friday, June 9th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $110.47, for a total transaction of $1,767,520.00.
  • On Friday, June 2nd, Silver Point Capital L.P. sold 20,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $110.89, for a total transaction of $2,217,800.00.
  • On Friday, May 26th, Silver Point Capital L.P. sold 10,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $112.66, for a total transaction of $1,126,600.00.
  • On Thursday, April 27th, Silver Point Capital L.P. sold 62,500 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $112.88, for a total transaction of $7,055,000.00.
  • On Monday, April 24th, Silver Point Capital L.P. sold 43,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $109.68, for a total transaction of $4,716,240.00.

Cooper-Standard Holdings Inc. (NYSE CPS) opened at 102.57 on Wednesday. Cooper-Standard Holdings Inc. has a 1-year low of $82.50 and a 1-year high of $118.59. The firm has a market capitalization of $1.83 billion, a P/E ratio of 12.89 and a beta of 0.72. The company has a 50 day moving average of $102.98 and a 200 day moving average of $107.49.

Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.02. The company had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.85 EPS. On average, equities research analysts anticipate that Cooper-Standard Holdings Inc. will post $10.67 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in CPS. State Street Corp boosted its stake in shares of Cooper-Standard Holdings by 9.6% in the fourth quarter. State Street Corp now owns 344,101 shares of the auto parts company’s stock worth $35,571,000 after buying an additional 30,061 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Cooper-Standard Holdings by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,060 shares of the auto parts company’s stock worth $1,454,000 after buying an additional 100 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Cooper-Standard Holdings during the fourth quarter worth about $289,000. Guggenheim Capital LLC boosted its stake in shares of Cooper-Standard Holdings by 579.5% in the fourth quarter. Guggenheim Capital LLC now owns 36,382 shares of the auto parts company’s stock worth $3,762,000 after buying an additional 31,028 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Cooper-Standard Holdings by 7.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,540 shares of the auto parts company’s stock worth $986,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Several research firms have commented on CPS. Zacks Investment Research downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Bank of America Corporation reiterated an “underperform” rating and issued a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. ValuEngine downgraded shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $117.00 price objective on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $109.43.

About Cooper-Standard Holdings

Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.

Insider Buying and Selling by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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