Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 392,882 shares of the auto parts company’s stock after purchasing an additional 4,821 shares during the quarter. Geode Capital Management LLC’s holdings in Cooper-Standard were worth $5,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPS. US Bancorp DE acquired a new stake in shares of Cooper-Standard during the third quarter worth about $33,000. Orion Portfolio Solutions LLC increased its position in Cooper-Standard by 14.2% during the third quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company’s stock worth $190,000 after buying an additional 1,701 shares during the period. Rhumbline Advisers boosted its holdings in shares of 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 acquiring an additional 3,723 shares during the period. Barclays PLC grew its position in shares of Cooper-Standard by 110.6% during the third quarter. Barclays PLC now owns 31,013 shares of the auto parts company’s stock worth $430,000 after acquiring an additional 16,284 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of Cooper-Standard in the 3rd quarter valued at $574,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Cooper-Standard Stock Up 1.5 %

NYSE CPS opened at $13.63 on Friday. The business’s 50-day moving average price is $14.61 and its 200 day moving average price is $13.95. The firm has a market cap of $236.17 million, a P/E ratio of -1.37 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 released its 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.

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.