Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 105.8% in the fourth quarter, HoldingsChannel reports. The firm owned 114,147 shares of the auto parts company’s stock after buying an additional 58,691 shares during the quarter. Jane Street Group LLC’s holdings in Cooper-Standard were worth $1,548,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CPS. Raymond James Financial Inc. purchased a new stake in shares of Cooper-Standard during the 4th quarter worth approximately $2,522,000. JPMorgan Chase & Co. lifted its position in shares of Cooper-Standard by 109.6% during the 4th quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company’s stock worth $2,189,000 after buying an additional 84,412 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Cooper-Standard by 19.5% during the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company’s stock worth $4,583,000 after buying an additional 55,100 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Cooper-Standard by 281.9% during the 4th quarter. Trexquant Investment LP now owns 73,159 shares of the auto parts company’s stock worth $992,000 after buying an additional 54,002 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of Cooper-Standard by 11.0% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company’s stock worth $4,607,000 after buying an additional 33,631 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Insiders Place Their Bets

In other news, Director David John Mastrocola purchased 3,000 shares of Cooper-Standard stock in a transaction dated Wednesday, February 19th. The stock was bought at an average price of $15.27 per share, with a total value of $45,810.00. Following the completion of the acquisition, the director now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.80% of the stock is currently owned by corporate insiders.

Cooper-Standard Stock Performance

CPS opened at $23.93 on Monday. The company’s 50 day simple moving average is $16.26 and its 200 day simple moving average is $15.29. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $26.73. The stock has a market capitalization of $419.94 million, a PE ratio of -5.27 and a beta of 2.63.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.12. The business had revenue of $667.07 million during the quarter, compared to analysts’ expectations of $670.00 million.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com upgraded shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Citigroup assumed coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $12.00 price target on the stock.

About Cooper-Standard

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.