Alps Advisors Inc. Sells 392 Shares of Cooper-Standard Holdings Inc. (CPS)
Alps Advisors Inc. cut its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,365 shares of the company’s stock after selling 392 shares during the period. Alps Advisors Inc.’s holdings in Cooper-Standard Holdings were worth $424,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Teachers Advisors Inc. raised its stake in Cooper-Standard Holdings by 13.4% in the first quarter. Teachers Advisors Inc. now owns 22,120 shares of the company’s stock valued at $1,589,000 after buying an additional 2,616 shares during the last quarter. Prudential Financial Inc. raised its stake in Cooper-Standard Holdings by 112.9% in the first quarter. Prudential Financial Inc. now owns 48,214 shares of the company’s stock valued at $3,463,000 after buying an additional 25,564 shares during the last quarter. BlackRock Group LTD raised its stake in Cooper-Standard Holdings by 72.2% in the first quarter. BlackRock Group LTD now owns 11,770 shares of the company’s stock valued at $846,000 after buying an additional 4,934 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Cooper-Standard Holdings during the first quarter valued at about $146,000. Finally, Zebra Capital Management LLC raised its stake in Cooper-Standard Holdings by 30.4% in the first quarter. Zebra Capital Management LLC now owns 26,153 shares of the company’s stock valued at $1,879,000 after buying an additional 6,104 shares during the last quarter. 96.91% of the stock is owned by institutional investors and hedge funds.
Cooper-Standard Holdings Inc. (NYSE:CPS) traded down 1.16% on Friday, reaching $100.96. The company’s stock had a trading volume of 146,314 shares. Cooper-Standard Holdings Inc. has a 52 week low of $62.97 and a 52 week high of $107.94. The company has a 50 day moving average of $100.85 and a 200 day moving average of $87.16. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 14.90 and a beta of 0.62.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $2.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.61. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The company earned $879.30 million during the quarter, compared to analyst estimates of $875.98 million. Cooper-Standard Holdings’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that Cooper-Standard Holdings Inc. will post $10.18 earnings per share for the current year.
CPS has been the subject of several analyst reports. Goldman Sachs Group Inc. initiated coverage on Cooper-Standard Holdings in a research note on Tuesday, June 14th. They issued a “neutral” rating and a $95.00 price objective for the company. Bank of America Corp. lowered Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. Roth Capital initiated coverage on Cooper-Standard Holdings in a research note on Wednesday, July 6th. They issued a “buy” rating and a $105.00 price objective for the company. Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, Jefferies Group decreased their price target on Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $101.86.
In other news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $87.01, for a total value of $62,253,305.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 570,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $89.30, for a total value of $50,901,000.00. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
Want to see what other hedge funds are holding CPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cooper-Standard Holdings Inc. (NYSE:CPS).
Receive News & Ratings for Cooper-Standard Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.