Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 35,000 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $101.33, for a total value of $3,546,550.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Monday, October 10th, Silver Point Capital L.P. sold 20,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $100.66, for a total value of $2,013,200.00.
  • On Thursday, October 6th, Silver Point Capital L.P. sold 85,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $101.88, for a total value of $8,659,800.00.
  • On Tuesday, October 11th, Silver Point Capital L.P. sold 142,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $101.55, for a total value of $14,420,100.00.
  • On Thursday, August 11th, Silver Point Capital L.P. sold 339,362 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $95.41, for a total value of $32,378,528.42.
  • On Monday, August 1st, Silver Point Capital L.P. sold 570,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $89.30, for a total value of $50,901,000.00.

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 98.55 on Thursday. The stock has a 50 day moving average price of $100.99 and a 200 day moving average price of $87.76. Cooper-Standard Holdings Inc. has a 12-month low of $62.87 and a 12-month high of $107.94. The firm has a market cap of $1.71 billion, a P/E ratio of 14.54 and a beta of 0.62.

Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.61. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The business earned $879.30 million during the quarter, compared to the consensus estimate of $875.98 million. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Cooper-Standard Holdings Inc. will post $10.18 earnings per share for the current year.

Insider Buying and Selling by Quarter for Cooper-Standard Holdings (NYSE:CPS)

A number of large investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Cooper-Standard Holdings by 37.8% in the third quarter. Creative Planning now owns 1,257 shares of the company’s stock valued at $124,000 after buying an additional 345 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Cooper-Standard Holdings during the second quarter valued at about $150,000. PNC Financial Services Group Inc. increased its stake in shares of Cooper-Standard Holdings by 8.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the company’s stock valued at $158,000 after buying an additional 156 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Cooper-Standard Holdings during the first quarter valued at about $146,000. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of Cooper-Standard Holdings by 14.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,400 shares of the company’s stock valued at $190,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 96.91% of the company’s stock.

CPS has been the subject of a number of research reports. Bank of America Corp. cut Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. Roth Capital began coverage on shares of Cooper-Standard Holdings in a research note on Wednesday, July 6th. They set a “buy” rating and a $105.00 price target for the company. Zacks Investment Research cut shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Jefferies Group decreased their price target on shares of Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, August 1st. Finally, Seaport Global Securities began coverage on shares of Cooper-Standard Holdings in a research note on Tuesday, August 9th. They set a “buy” rating and a $108.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $102.43.

Cooper-Standard Holdings Company Profile

Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.

5 Day Chart for NYSE:CPS

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