Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 387,893 shares of the auto parts company’s stock after selling 4,989 shares during the period. Geode Capital Management LLC’s holdings in Cooper-Standard were worth $5,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPS. Quantbot Technologies LP purchased a new position in shares of Cooper-Standard in the 4th quarter valued at $48,000. National Bank of Canada FI acquired a new position in Cooper-Standard in the fourth quarter valued at $54,000. Arkadios Wealth Advisors grew its holdings in shares of Cooper-Standard by 9.1% during the fourth quarter. Arkadios Wealth Advisors now owns 48,568 shares of the auto parts company’s stock worth $659,000 after purchasing an additional 4,043 shares during the last quarter. State Street Corp increased its position in shares of Cooper-Standard by 1.4% during the third quarter. State Street Corp now owns 349,445 shares of the auto parts company’s stock worth $4,847,000 after purchasing an additional 4,809 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Cooper-Standard in the 4th quarter valued at about $107,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Insider Activity

In other news, Director David John Mastrocola purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the purchase, the director now directly owns 11,115 shares in the company, valued at $169,726.05. The trade was a 36.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CPS. StockNews.com upgraded Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Citigroup started coverage on shares of Cooper-Standard in a research report on Wednesday. They set a “neutral” rating and a $12.00 target price on the stock.

Cooper-Standard Stock Performance

Shares of Cooper-Standard stock opened at $14.16 on Friday. The company has a market capitalization of $245.35 million, a P/E ratio of -3.12 and a beta of 2.55. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $17.76. The company’s fifty day moving average is $14.08 and its two-hundred day moving average is $14.39.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.22).

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.