Quantbot Technologies LP Acquires Shares of 3,536 Cooper-Standard Holdings Inc. (NYSE:CPS)

Quantbot Technologies LP bought a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,536 shares of the auto parts company’s stock, valued at approximately $48,000.

A number of other hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Cooper-Standard in the 4th quarter valued at about $107,000. Orion Portfolio Solutions LLC raised its holdings in shares of Cooper-Standard by 14.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company’s stock valued at $190,000 after purchasing an additional 1,701 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in shares of Cooper-Standard in the 4th quarter worth approximately $219,000. Barclays PLC boosted its stake in shares of Cooper-Standard by 110.6% during the third quarter. Barclays PLC now owns 31,013 shares of the auto parts company’s stock valued at $430,000 after purchasing an additional 16,284 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in Cooper-Standard by 9.1% during the fourth quarter. Arkadios Wealth Advisors now owns 48,568 shares of the auto parts company’s stock valued at $659,000 after buying an additional 4,043 shares during the period. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Price Performance

CPS stock opened at $15.20 on Wednesday. The firm’s fifty day simple moving average is $15.09 and its 200-day simple moving average is $14.53. Cooper-Standard Holdings Inc. has a 12 month low of $11.24 and a 12 month high of $19.21. The company has a market capitalization of $263.28 million, a P/E ratio of -3.35 and a beta of 2.71.

Cooper-Standard (NYSE:CPS) last released 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).

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd.

Insider Buying and Selling at Cooper-Standard

In related news, Director David John Mastrocola acquired 3,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were bought at an average price of $15.27 per share, with a total value of $45,810.00. Following the completion of the purchase, the director now owns 11,115 shares of the company’s stock, valued at approximately $169,726.05. This represents a 36.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

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.