NorthRock Partners LLC Reduces Stake in Cooper-Standard Holdings Inc. (NYSE:CPS)

NorthRock Partners LLC lowered its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 60.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,104 shares of the auto parts company’s stock after selling 55,767 shares during the period. NorthRock Partners LLC owned approximately 0.21% of Cooper-Standard worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE purchased a new stake in Cooper-Standard in the third quarter valued at approximately $33,000. Janney Montgomery Scott LLC purchased a new stake in Cooper-Standard in the first quarter valued at approximately $232,000. BNP Paribas Financial Markets boosted its position in Cooper-Standard by 19.6% in the first quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after buying an additional 3,004 shares during the last quarter. Rhumbline Advisers boosted its position in Cooper-Standard by 15.8% in the second quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock valued at $340,000 after buying an additional 3,723 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in Cooper-Standard by 14.5% in the first quarter. Atomi Financial Group Inc. now owns 35,541 shares of the auto parts company’s stock valued at $589,000 after acquiring an additional 4,503 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Trading Up 3.4 %

Shares of NYSE:CPS opened at $15.29 on Wednesday. Cooper-Standard Holdings Inc. has a 12-month low of $11.24 and a 12-month high of $20.82. The company has a market capitalization of $264.81 million, a PE ratio of -1.54 and a beta of 2.74. The business has a 50 day moving average of $13.79 and a two-hundred day moving average of $13.74.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a report on Tuesday.

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.