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

Cooper-Standard (NYSE:CPS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Cooper-Standard Price Performance

Shares of NYSE CPS opened at $15.41 on Tuesday. Cooper-Standard has a 1-year low of $9.86 and a 1-year high of $22.74. The business has a 50-day moving average of $15.31 and a 200-day moving average of $16.21. The company has a market capitalization of $266.44 million, a price-to-earnings ratio of -1.32 and a beta of 2.88.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share for the quarter. The firm had revenue of $673.64 million during the quarter.

Institutional Investors Weigh In On Cooper-Standard

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its stake in shares of Cooper-Standard by 0.4% in the third quarter. Acadian Asset Management LLC now owns 512,699 shares of the auto parts company’s stock worth $6,878,000 after acquiring an additional 2,124 shares in the last quarter. Kovack Advisors Inc. lifted its stake in shares of Cooper-Standard by 3.8% in the first quarter. Kovack Advisors Inc. now owns 216,495 shares of the auto parts company’s stock worth $3,585,000 after acquiring an additional 7,870 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in shares of Cooper-Standard by 126.3% in the first quarter. Fiduciary Alliance LLC now owns 213,683 shares of the auto parts company’s stock worth $3,383,000 after acquiring an additional 119,279 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Cooper-Standard by 63.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 137,311 shares of the auto parts company’s stock worth $2,274,000 after acquiring an additional 53,244 shares in the last quarter. Finally, Millrace Asset Group Inc. lifted its stake in shares of Cooper-Standard by 12.9% in the fourth quarter. Millrace Asset Group Inc. now owns 95,393 shares of the auto parts company’s stock worth $1,864,000 after acquiring an additional 10,866 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

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.