Cooper-Standard Holdings Inc (NYSE:CPS) Shares Purchased by Riverhead Capital Management LLC
Riverhead Capital Management LLC raised its position in shares of Cooper-Standard Holdings Inc (NYSE:CPS) by 51.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,551 shares of the auto parts company’s stock after purchasing an additional 1,200 shares during the period. Riverhead Capital Management LLC’s holdings in Cooper-Standard were worth $163,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Executive Wealth Management LLC acquired a new position in Cooper-Standard during the 2nd quarter valued at about $40,000. Advisory Services Network LLC acquired a new position in Cooper-Standard during the 2nd quarter valued at about $102,000. First Mercantile Trust Co. boosted its stake in Cooper-Standard by 13.6% during the 1st quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 270 shares during the period. NumerixS Investment Technologies Inc boosted its stake in Cooper-Standard by 100.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock valued at $134,000 after purchasing an additional 1,400 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Cooper-Standard by 165.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,090 shares of the auto parts company’s stock valued at $192,000 after purchasing an additional 2,552 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on CPS shares. Goldman Sachs Group lowered shares of Cooper-Standard from a “neutral” rating to a “sell” rating and reduced their target price for the company from $51.00 to $36.00 in a research note on Thursday, June 13th. ValuEngine raised shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Buckingham Research reduced their target price on shares of Cooper-Standard from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Cooper-Standard has a consensus rating of “Hold” and an average target price of $48.00.
Shares of NYSE:CPS traded up $0.18 during trading on Friday, reaching $48.36. The company had a trading volume of 182,878 shares, compared to its average volume of 211,018. The firm’s fifty day moving average is $39.30 and its 200 day moving average is $46.63. The firm has a market capitalization of $818.38 million, a PE ratio of 5.50 and a beta of 1.64. Cooper-Standard Holdings Inc has a twelve month low of $30.82 and a twelve month high of $131.16. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 1.75.
Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.80). The company had revenue of $764.81 million during the quarter, compared to analyst estimates of $832.61 million. Cooper-Standard had a return on equity of 7.13% and a net margin of 4.47%. The company’s revenue was down 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.74 earnings per share. Equities analysts predict that Cooper-Standard Holdings Inc will post 3.48 earnings per share for the current fiscal year.
Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.
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