Millrace Asset Group Inc. raised its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 23.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,606 shares of the auto parts company’s stock after acquiring an additional 16,540 shares during the quarter. Millrace Asset Group Inc. owned 0.50% of Cooper-Standard worth $2,483,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in CPS. BlackRock Inc. lifted its holdings in Cooper-Standard by 7.7% in the first quarter. BlackRock Inc. now owns 2,985,760 shares of the auto parts company’s stock valued at $108,442,000 after acquiring an additional 214,090 shares during the period. Boundary Creek Advisors LP acquired a new stake in Cooper-Standard in the second quarter valued at $5,649,000. Wolverine Asset Management LLC lifted its holdings in Cooper-Standard by 161.6% in the first quarter. Wolverine Asset Management LLC now owns 33,950 shares of the auto parts company’s stock valued at $1,233,000 after acquiring an additional 89,050 shares during the period. Deutsche Bank AG lifted its holdings in Cooper-Standard by 256.1% in the second quarter. Deutsche Bank AG now owns 86,929 shares of the auto parts company’s stock valued at $2,521,000 after acquiring an additional 62,518 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Cooper-Standard by 3.6% in the first quarter. Thrivent Financial for Lutherans now owns 1,753,413 shares of the auto parts company’s stock valued at $63,684,000 after acquiring an additional 60,480 shares during the period. 97.54% of the stock is owned by institutional investors.
Shares of NYSE:CPS traded up $0.37 during midday trading on Tuesday, hitting $22.75. 300 shares of the stock were exchanged, compared to its average volume of 125,328. The stock has a market cap of $386.50 million, a P/E ratio of -3.21 and a beta of 3.22. The company has a current ratio of 1.83, a quick ratio of 1.54 and a debt-to-equity ratio of 1.84. Cooper-Standard Holdings Inc. has a twelve month low of $12.52 and a twelve month high of $47.85. The company has a 50 day moving average price of $23.65 and a 200-day moving average price of $29.22.
Separately, Sidoti assumed coverage on Cooper-Standard in a research note on Thursday, September 9th. They set a “buy” rating for the company.
In related news, Director Oss Stephen A. Van acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 11th. The stock was purchased at an average price of $24.06 per share, for a total transaction of $240,600.00. Following the transaction, the director now owns 25,182 shares in the company, valued at approximately $605,878.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.30% of the company’s stock.
Cooper-Standard Holdings, Inc engages in the manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems. Its products include rubber & plastic sealing, fuel & brake lines, fluid transfer hoses and anti-vibration systems. The company was founded in 2004 and is headquartered in Northville, MI.
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