Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC trimmed its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 60.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,104 shares of the auto parts company’s stock after selling 55,767 shares during the period. NorthRock Partners LLC’s holdings in Cooper-Standard were worth $501,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CPS. Fiduciary Alliance LLC raised its stake in Cooper-Standard by 21.5% in the 3rd quarter. Fiduciary Alliance LLC now owns 314,690 shares of the auto parts company’s stock valued at $4,365,000 after purchasing an additional 55,605 shares during the last quarter. Vanguard Group Inc. raised its stake in Cooper-Standard by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 905,185 shares of the auto parts company’s stock valued at $14,990,000 after purchasing an additional 33,598 shares during the last quarter. Renaissance Technologies LLC raised its stake in Cooper-Standard by 12.2% in the 2nd quarter. Renaissance Technologies LLC now owns 216,800 shares of the auto parts company’s stock valued at $2,697,000 after purchasing an additional 23,600 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Cooper-Standard by 36.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 77,450 shares of the auto parts company’s stock valued at $963,000 after purchasing an additional 20,758 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Cooper-Standard by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company’s stock valued at $1,488,000 after purchasing an additional 18,478 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Stock Performance

NYSE CPS opened at $15.29 on Wednesday. The business has a fifty day moving average price of $13.79 and a 200 day moving average price of $13.74. The company has a market cap of $264.81 million, a P/E ratio of -1.54 and a beta of 2.74. Cooper-Standard Holdings Inc. has a one year low of $11.24 and a one year high of $20.82.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.18) by $0.50. The company had revenue of $685.35 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Tuesday.

Cooper-Standard Company 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.