Quantbot Technologies LP Invests $48,000 in Cooper-Standard Holdings Inc. (NYSE:CPS)

Quantbot Technologies LP acquired a new stake in Cooper-Standard Holdings Inc. (NYSE:CPS) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,536 shares of the auto parts company’s stock, valued at approximately $48,000.

Several other large investors have also recently added to or reduced their stakes in CPS. Raymond James Financial Inc. acquired a new stake in shares of Cooper-Standard in the 4th quarter valued at $2,522,000. JPMorgan Chase & Co. boosted its stake in Cooper-Standard by 75.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,008 shares of the auto parts company’s stock worth $1,068,000 after purchasing an additional 33,135 shares during the period. Jane Street Group LLC grew its position in Cooper-Standard by 130.9% during the 3rd quarter. Jane Street Group LLC now owns 55,456 shares of the auto parts company’s stock worth $769,000 after purchasing an additional 31,437 shares during the last quarter. Fiduciary Alliance LLC increased its stake in Cooper-Standard by 9.3% in the fourth quarter. Fiduciary Alliance LLC now owns 343,892 shares of the auto parts company’s stock valued at $4,663,000 after purchasing an additional 29,202 shares during the period. Finally, FMR LLC raised its holdings in shares of Cooper-Standard by 25.4% in the third quarter. FMR LLC now owns 144,232 shares of the auto parts company’s stock valued at $2,000,000 after buying an additional 29,198 shares during the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd.

Cooper-Standard Price Performance

CPS opened at $15.20 on Wednesday. The stock has a market capitalization of $263.28 million, a P/E ratio of -3.35 and a beta of 2.71. Cooper-Standard Holdings Inc. has a 12 month low of $11.24 and a 12 month high of $19.21. The business has a 50 day simple moving average of $15.09 and a 200-day simple moving average of $14.53.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.22).

Insider Buying and Selling at Cooper-Standard

In other news, Director David John Mastrocola acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of $15.27 per share, with a total value of $45,810.00. Following the completion of the transaction, the director now directly owns 11,115 shares in the company, valued at approximately $169,726.05. This represents a 36.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.20% 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.