Shares of Cooper-Standard Holdings Inc. (NYSE:CPS – Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.14 and traded as low as $13.17. Cooper-Standard shares last traded at $14.41, with a volume of 140,662 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Cooper-Standard from a “buy” rating to a “hold” rating in a report on Saturday, August 10th.
View Our Latest Stock Report on Cooper-Standard
Cooper-Standard Price Performance
Cooper-Standard (NYSE:CPS – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported ($0.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.09) by $1.45. The firm had revenue of $708.36 million during the quarter.
Hedge Funds Weigh In On Cooper-Standard
Large investors have recently made changes to their positions in the business. Fiduciary Alliance LLC grew its stake in Cooper-Standard by 126.3% during the 1st quarter. Fiduciary Alliance LLC now owns 213,683 shares of the auto parts company’s stock worth $3,383,000 after buying an additional 119,279 shares during the last quarter. NorthRock Partners LLC boosted its holdings in Cooper-Standard by 100.0% in the first quarter. NorthRock Partners LLC now owns 72,000 shares of the auto parts company’s stock worth $1,192,000 after acquiring an additional 36,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 33,598 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Cooper-Standard by 12.2% during the second quarter. Renaissance Technologies LLC now owns 216,800 shares of the auto parts company’s stock valued at $2,697,000 after acquiring an additional 23,600 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Cooper-Standard by 36.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 77,450 shares of the auto parts company’s stock valued at $963,000 after purchasing an additional 20,758 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Stories
- Five stocks we like better than Cooper-Standard
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- NVIDIA’s AI Dominance: Why Analysts Predict Major Upside Ahead
- Financial Services Stocks Investing
- These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- This Is the Entry Into PepsiCo You’ve Been Waiting For
Receive News & Ratings for Cooper-Standard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard and related companies with MarketBeat.com's FREE daily email newsletter.