Jane Street Group LLC Acquires 31,437 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Jane Street Group LLC boosted its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 130.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,456 shares of the auto parts company’s stock after acquiring an additional 31,437 shares during the quarter. Jane Street Group LLC owned 0.32% of Cooper-Standard worth $769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPS. US Bancorp DE acquired a new stake in Cooper-Standard during the third quarter valued at approximately $33,000. Rhumbline Advisers lifted its position in shares of Cooper-Standard by 15.8% during the 2nd quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock worth $340,000 after buying an additional 3,723 shares during the period. Wolverine Asset Management LLC acquired a new stake in Cooper-Standard in the 3rd quarter valued at $574,000. Arkadios Wealth Advisors grew its position in Cooper-Standard by 7.7% in the third quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company’s stock valued at $618,000 after acquiring an additional 3,197 shares during the period. Finally, Stifel Financial Corp raised its stake in Cooper-Standard by 6.5% during the third quarter. Stifel Financial Corp now owns 52,909 shares of the auto parts company’s stock worth $734,000 after acquiring an additional 3,206 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Trading Down 1.0 %

Shares of Cooper-Standard stock opened at $13.43 on Friday. The stock has a market capitalization of $232.70 million, a price-to-earnings ratio of -1.35 and a beta of 2.79. The firm’s 50-day moving average price is $14.61 and its two-hundred day moving average price is $13.94. Cooper-Standard Holdings Inc. has a 1-year low of $11.24 and a 1-year high of $19.52.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported ($0.68) EPS for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.50. The business had revenue of $685.35 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th.

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.