Fiduciary Alliance LLC Increases Stock Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Fiduciary Alliance LLC boosted its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 343,892 shares of the auto parts company’s stock after purchasing an additional 29,202 shares during the period. Fiduciary Alliance LLC’s holdings in Cooper-Standard were worth $4,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPS. Bank of New York Mellon Corp increased its position in shares of Cooper-Standard by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 99,427 shares of the auto parts company’s stock valued at $1,237,000 after buying an additional 6,559 shares during the period. Rhumbline Advisers raised its position in shares of Cooper-Standard by 15.8% in the 2nd quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock worth $340,000 after purchasing an additional 3,723 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Cooper-Standard by 12.2% in the 2nd quarter. Renaissance Technologies LLC now owns 216,800 shares of the auto parts company’s stock worth $2,697,000 after purchasing an additional 23,600 shares in the last quarter. AQR Capital Management LLC grew its position in Cooper-Standard by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company’s stock worth $1,488,000 after purchasing an additional 18,478 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in shares of Cooper-Standard by 7.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company’s stock worth $618,000 after buying an additional 3,197 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.

Cooper-Standard Trading Up 1.3 %

NYSE CPS traded up $0.17 during trading hours on Monday, hitting $13.39. 21,322 shares of the company’s stock traded hands, compared to its average volume of 148,322. The business’s fifty day moving average price is $14.60 and its two-hundred day moving average price is $14.04. The firm has a market capitalization of $232.01 million, a P/E ratio of -1.35 and a beta of 2.79. Cooper-Standard Holdings Inc. has a 52 week low of $11.24 and a 52 week high of $19.52.

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

Cooper-Standard 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.