Great Hill Capital LLC Has $9.24 Million Holdings in Cooper-Standard Holdings Inc. $CPS

Great Hill Capital LLC decreased its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 23.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,619 shares of the auto parts company’s stock after selling 100,872 shares during the quarter. Cooper-Standard makes up 0.6% of Great Hill Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Great Hill Capital LLC owned approximately 1.87% of Cooper-Standard worth $9,242,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CPS. EVR Research LP acquired a new stake in shares of Cooper-Standard in the third quarter valued at about $6,463,000. Waystone Advisors LLC acquired a new position in shares of Cooper-Standard in the fourth quarter worth approximately $1,482,000. JPMorgan Chase & Co. boosted its holdings in Cooper-Standard by 173.4% in the third quarter. JPMorgan Chase & Co. now owns 44,564 shares of the auto parts company’s stock valued at $1,646,000 after acquiring an additional 28,264 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in Cooper-Standard in the first quarter valued at approximately $2,164,000. Finally, Inspire Investing LLC increased its position in Cooper-Standard by 29.1% during the 1st quarter. Inspire Investing LLC now owns 18,428 shares of the auto parts company’s stock valued at $514,000 after purchasing an additional 4,157 shares during the period. 69.11% of the stock is owned by institutional investors.

Cooper-Standard Price Performance

Shares of Cooper-Standard stock opened at $27.86 on Tuesday. Cooper-Standard Holdings Inc. has a one year low of $22.32 and a one year high of $47.98. The firm has a market capitalization of $494.43 million, a price-to-earnings ratio of -12.78 and a beta of 1.99. The business has a 50-day simple moving average of $29.03 and a 200 day simple moving average of $31.54.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The business had revenue of $686.36 million during the quarter, compared to analyst estimates of $660.00 million. On average, sell-side analysts expect that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Cooper-Standard to $55.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cooper-Standard in a research report on Friday, May 22nd. Wall Street Zen lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Finally, Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.33.

About Cooper-Standard

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.