StockNews.com Lowers Cooper-Standard (NYSE:CPS) to Hold

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

Cooper-Standard Trading Up 1.6 %

Cooper-Standard stock opened at $13.96 on Tuesday. Cooper-Standard has a 12 month low of $11.24 and a 12 month high of $22.74. The business’s fifty day simple moving average is $12.91 and its two-hundred day simple moving average is $14.82. The company has a market capitalization of $241.37 million, a price-to-earnings ratio of -2.35 and a beta of 2.76.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Monday, May 6th. The auto parts company reported ($1.75) earnings per share (EPS) for the quarter. The company had revenue of $676.43 million for the quarter.

Hedge Funds Weigh In On Cooper-Standard

Hedge funds have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC purchased a new stake in Cooper-Standard during the 4th quarter valued at $195,000. Janney Montgomery Scott LLC bought a new position in shares of Cooper-Standard during the first quarter valued at $232,000. SG Americas Securities LLC bought a new position in shares of Cooper-Standard during the fourth quarter valued at $269,000. BNP Paribas Financial Markets boosted its position in shares of 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 buying an additional 3,004 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in Cooper-Standard by 145.9% in the 1st quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock worth $320,000 after buying an additional 11,450 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.