Charles Schwab Investment Management Inc. Sells 130,916 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Charles Schwab Investment Management Inc. reduced its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 29.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 318,192 shares of the auto parts company’s stock after selling 130,916 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cooper-Standard were worth $4,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPS. Bank of New York Mellon Corp increased its stake in Cooper-Standard by 7.1% in 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 purchasing an additional 6,559 shares in the last quarter. Panagora Asset Management Inc. grew its position in 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 worth $963,000 after purchasing an additional 20,758 shares in the last quarter. Rhumbline Advisers grew its position in 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 in the last quarter. Renaissance Technologies LLC grew its position 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. Finally, AQR Capital Management LLC grew its position in shares of Cooper-Standard by 18.3% during the 2nd quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company’s stock valued at $1,488,000 after acquiring an additional 18,478 shares during the period. 69.11% of the stock is owned by institutional investors.

Cooper-Standard Stock Up 0.9 %

Cooper-Standard stock opened at $15.21 on Friday. The company has a market capitalization of $263.59 million, a P/E ratio of -1.48 and a beta of 2.79. The firm has a 50 day moving average price of $14.43 and a 200-day moving average price of $13.81. Cooper-Standard Holdings Inc. has a twelve month low of $11.24 and a twelve month high of $20.82.

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

Analyst Ratings Changes

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

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.