Cooper-Standard (NYSE:CPS) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Cooper-Standard (NYSE:CPS) from a buy rating to a hold rating in a research note published on Friday.

Cooper-Standard Stock Down 9.1 %

Shares of CPS stock opened at $13.53 on Friday. The firm has a market cap of $234.46 million, a price-to-earnings ratio of -1.36 and a beta of 2.78. The company’s 50 day moving average is $14.66 and its 200 day moving average is $14.35. Cooper-Standard has a 52-week low of $11.24 and a 52-week high of $19.52.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings data on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Hedge Funds Weigh In On Cooper-Standard

Several institutional investors and hedge funds have recently bought and sold shares of CPS. US Bancorp DE purchased a new position in Cooper-Standard in the third quarter worth $33,000. Quantbot Technologies LP purchased a new position in Cooper-Standard in the fourth quarter worth $48,000. National Bank of Canada FI purchased a new position in Cooper-Standard in the fourth quarter worth $54,000. Quarry LP purchased a new position in Cooper-Standard in the fourth quarter worth $79,000. Finally, SG Americas Securities LLC purchased a new position in Cooper-Standard in the fourth quarter worth $107,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

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.