Cubist Systematic Strategies LLC Increases Holdings in Cooper-Standard Holdings Inc. (NYSE:CPS)

Cubist Systematic Strategies LLC grew its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 269.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,129 shares of the auto parts company’s stock after buying an additional 29,254 shares during the period. Cubist Systematic Strategies LLC owned 0.23% of Cooper-Standard worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Bridgeway Capital Management LLC lifted its holdings in shares of Cooper-Standard by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 33,300 shares of the auto parts company’s stock valued at $452,000 after purchasing an additional 800 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cooper-Standard by 1.3% in the 4th quarter. Invesco Ltd. now owns 117,403 shares of the auto parts company’s stock valued at $1,592,000 after purchasing an additional 1,466 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Cooper-Standard by 1.3% in the 4th quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company’s stock valued at $1,961,000 after purchasing an additional 1,925 shares during the last quarter. Barclays PLC lifted its holdings in shares of Cooper-Standard by 10.3% in the 4th quarter. Barclays PLC now owns 34,217 shares of the auto parts company’s stock valued at $464,000 after purchasing an additional 3,204 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Cooper-Standard in the 4th quarter valued at about $48,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Cooper-Standard Stock Down 1.9%

CPS opened at $24.31 on Friday. The business has a 50 day moving average price of $16.05 and a two-hundred day moving average price of $15.19. The company has a market cap of $426.59 million, a PE ratio of -5.35 and a beta of 2.63. Cooper-Standard Holdings Inc. has a 52 week low of $10.38 and a 52 week high of $26.73.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million for the quarter, compared to analysts’ expectations of $670.00 million.

Insider Buying and Selling at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola bought 3,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were bought at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the transaction, the director now owns 11,115 shares of the company’s stock, valued at approximately $169,726.05. This trade represents a 36.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CPS has been the subject of several research reports. StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Citigroup began coverage on Cooper-Standard in a report on Wednesday, April 23rd. They issued a “neutral” rating and a $12.00 target price for the company.

Cooper-Standard Profile

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.