Silver Point Capital L.P. trimmed its position in Cooper-Standard Holdings Inc (NYSE:CPS) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,130,787 shares of the auto parts company’s stock after selling 85,126 shares during the quarter. Cooper-Standard makes up 14.3% of Silver Point Capital L.P.’s investment portfolio, making the stock its 3rd largest position. Silver Point Capital L.P. owned approximately 6.45% of Cooper-Standard worth $138,521,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in CPS. Cortina Asset Management LLC acquired a new stake in shares of Cooper-Standard in the 4th quarter valued at $26,031,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Cooper-Standard in the 4th quarter valued at $17,977,000. Granite Investment Partners LLC acquired a new stake in shares of Cooper-Standard in the 3rd quarter valued at $11,413,000. Schroder Investment Management Group raised its holdings in shares of Cooper-Standard by 1,359.2% in the 4th quarter. Schroder Investment Management Group now owns 103,600 shares of the auto parts company’s stock valued at $12,691,000 after purchasing an additional 96,500 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Cooper-Standard by 126.9% during the 4th quarter. Victory Capital Management Inc. now owns 135,120 shares of the auto parts company’s stock worth $16,552,000 after acquiring an additional 75,574 shares in the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.
Cooper-Standard Holdings Inc (NYSE CPS) opened at $122.33 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.73 and a debt-to-equity ratio of 0.85. The company has a market cap of $2,191.49, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.20 and a beta of 0.76. Cooper-Standard Holdings Inc has a one year low of $95.33 and a one year high of $135.00.
Several equities research analysts recently commented on CPS shares. Bank of America lifted their price target on shares of Cooper-Standard from $85.00 to $90.00 and gave the stock an “underperform” rating in a research note on Friday, March 2nd. Roth Capital lifted their price target on shares of Cooper-Standard from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Zacks Investment Research lowered shares of Cooper-Standard from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. ValuEngine upgraded shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Cooper-Standard in a research note on Friday, November 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Cooper-Standard presently has an average rating of “Hold” and a consensus price target of $121.33.
In other Cooper-Standard news, insider Aleksandra A. Miziolek sold 1,700 shares of Cooper-Standard stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $123.95, for a total value of $210,715.00. Following the transaction, the insider now directly owns 2,709 shares in the company, valued at $335,780.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.
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Cooper-Standard Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
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