Cooper-Standard Holdings Inc. (NYSE:CPS) Position Increased by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 18.3% in the 2nd quarter, Holdings Channel reports. The firm owned 119,598 shares of the auto parts company’s stock after purchasing an additional 18,478 shares during the quarter. AQR Capital Management LLC’s holdings in Cooper-Standard were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in Cooper-Standard during the first quarter valued at $232,000. BNP Paribas Financial Markets increased its stake in Cooper-Standard by 19.6% during the first quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after purchasing an additional 3,004 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Cooper-Standard by 145.9% during the first quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock valued at $320,000 after purchasing an additional 11,450 shares during the last quarter. Rhumbline Advisers increased its stake in Cooper-Standard by 15.8% during the second quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock valued at $340,000 after purchasing an additional 3,723 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Cooper-Standard by 12.7% during the first quarter. Los Angeles Capital Management LLC now owns 28,894 shares of the auto parts company’s stock valued at $478,000 after purchasing an additional 3,250 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Analyst Ratings Changes

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

Cooper-Standard Stock Performance

Cooper-Standard stock opened at $13.00 on Friday. The company has a 50-day simple moving average of $13.99 and a 200-day simple moving average of $14.13. The firm has a market capitalization of $224.77 million, a P/E ratio of -2.19 and a beta of 2.72. Cooper-Standard Holdings Inc. has a one year low of $11.24 and a one year high of $20.82.

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