Cooper-Standard (NYSE:CPS) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Cooper-Standard (NYSE:CPS) from a buy rating to a hold rating in a report released on Friday morning.

Cooper-Standard Stock Down 9.1 %

Shares of NYSE CPS opened at $13.53 on Friday. Cooper-Standard has a 52 week low of $11.24 and a 52 week high of $19.52. The firm has a 50-day moving average price of $14.69 and a 200 day moving average price of $14.36. The stock has a market capitalization of $234.42 million, a price-to-earnings ratio of -1.36 and a beta of 2.78.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Hedge Funds Weigh In On Cooper-Standard

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in Cooper-Standard by 105.8% during the 4th quarter. Jane Street Group LLC now owns 114,147 shares of the auto parts company’s stock valued at $1,548,000 after acquiring an additional 58,691 shares in the last quarter. Northern Trust Corp increased its holdings in Cooper-Standard by 1.3% during the 4th quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company’s stock valued at $1,961,000 after acquiring an additional 1,925 shares in the last quarter. Quarry LP purchased a new position in Cooper-Standard during the 4th quarter valued at about $79,000. Aquatic Capital Management LLC increased its holdings in Cooper-Standard by 336.4% during the 4th quarter. Aquatic Capital Management LLC now owns 8,728 shares of the auto parts company’s stock valued at $118,000 after acquiring an additional 6,728 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Cooper-Standard by 26.6% during the 4th quarter. Stifel Financial Corp now owns 66,989 shares of the auto parts company’s stock valued at $908,000 after acquiring an additional 14,080 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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.