Dimensional Fund Advisors LP Lowers Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Dimensional Fund Advisors LP decreased its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 8.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 451,102 shares of the auto parts company’s stock after selling 40,680 shares during the period. Dimensional Fund Advisors LP owned 2.61% of Cooper-Standard worth $5,611,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Cooper-Standard by 3.9% during the first quarter. Vanguard Group Inc. now owns 905,185 shares of the auto parts company’s stock worth $14,990,000 after buying an additional 33,598 shares during the period. Fiduciary Alliance LLC boosted its position in Cooper-Standard by 21.2% during the second quarter. Fiduciary Alliance LLC now owns 259,085 shares of the auto parts company’s stock valued at $3,096,000 after purchasing an additional 45,402 shares in the last quarter. Kovack Advisors Inc. raised its holdings in Cooper-Standard by 3.8% in the first quarter. Kovack Advisors Inc. now owns 216,495 shares of the auto parts company’s stock worth $3,585,000 after purchasing an additional 7,870 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Cooper-Standard by 5.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 122,860 shares of the auto parts company’s stock valued at $2,035,000 after buying an additional 6,236 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Cooper-Standard by 11.4% in the 1st quarter. GSA Capital Partners LLP now owns 107,228 shares of the auto parts company’s stock valued at $1,776,000 after buying an additional 10,938 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Price Performance

Shares of NYSE:CPS opened at $14.41 on Wednesday. The firm has a market capitalization of $249.15 million, a P/E ratio of -2.43 and a beta of 2.72. The business’s 50-day moving average is $14.02 and its 200 day moving average is $14.14. Cooper-Standard Holdings Inc. has a 1 year low of $11.24 and a 1 year high of $20.82.

Cooper-Standard (NYSE:CPS) last released its earnings results on Thursday, August 1st. The auto parts company reported ($0.64) EPS for the quarter, topping analysts’ consensus estimates of ($2.09) by $1.45. The company had revenue of $708.36 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th.

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.