Acadian Asset Management LLC Reduces Holdings in Cooper-Standard Holdings Inc. (NYSE:CPS)

Acadian Asset Management LLC reduced its position in Cooper-Standard Holdings Inc. (NYSE:CPSGet Rating) by 41.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 79,266 shares of the auto parts company’s stock after selling 57,172 shares during the period. Acadian Asset Management LLC owned about 0.47% of Cooper-Standard worth $1,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans grew its stake in Cooper-Standard by 10.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,006,664 shares of the auto parts company’s stock worth $43,966,000 after acquiring an additional 195,196 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Cooper-Standard by 1.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,343,223 shares of the auto parts company’s stock worth $30,102,000 after acquiring an additional 20,314 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Cooper-Standard by 29.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 330,982 shares of the auto parts company’s stock valued at $7,417,000 after purchasing an additional 75,543 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cooper-Standard by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 299,859 shares of the auto parts company’s stock valued at $6,569,000 after purchasing an additional 7,028 shares during the last quarter. Finally, Divisar Capital Management LLC boosted its holdings in shares of Cooper-Standard by 17.9% in the 3rd quarter. Divisar Capital Management LLC now owns 298,433 shares of the auto parts company’s stock valued at $6,539,000 after purchasing an additional 45,362 shares during the last quarter. 99.63% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on CPS. StockNews.com upgraded shares of Cooper-Standard from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Benchmark lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Friday, February 18th.

In other Cooper-Standard news, Director Oss Stephen A. Van bought 10,000 shares of the stock in a transaction dated Friday, March 4th. The stock was bought at an average cost of $11.09 per share, for a total transaction of $110,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Oss Stephen A. Van bought 20,000 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were acquired at an average price of $12.62 per share, with a total value of $252,400.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 60,650 shares of company stock worth $625,464 in the last 90 days. Company insiders own 5.20% of the company’s stock.

NYSE:CPS opened at $5.27 on Wednesday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.24 and a current ratio of 1.51. The firm’s fifty day simple moving average is $7.59 and its 200 day simple moving average is $16.27. Cooper-Standard Holdings Inc. has a twelve month low of $4.47 and a twelve month high of $32.47.

Cooper-Standard (NYSE:CPSGet Rating) last posted its earnings results on Thursday, May 5th. The auto parts company reported ($3.00) earnings per share for the quarter, missing the consensus estimate of ($2.55) by ($0.45). Cooper-Standard had a negative net margin of 15.40% and a negative return on equity of 67.25%.

Cooper-Standard Profile (Get Rating)

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, and fluid transfer systems. The company's sealing systems include obstacle detection sensor systems, dynamic seals, variable extrusion systems, static seals, specialty sealing products, encapsulated glasses, stainless steel trims, FlushSeal systems, and textured surfaces with cloth appearance.

See Also

Institutional Ownership by Quarter for Cooper-Standard (NYSE:CPS)

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