Cooper-Standard (NYSE:CPS) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Cooper-Standard (NYSE:CPS) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

Cooper-Standard Trading Down 0.5 %

Shares of CPS opened at $15.37 on Tuesday. The company has a market capitalization of $265.75 million, a PE ratio of -1.31 and a beta of 2.88. Cooper-Standard has a 12 month low of $9.86 and a 12 month high of $22.74. The stock’s 50-day moving average price is $15.23 and its two-hundred day moving average price is $16.20.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) EPS for the quarter. The business had revenue of $673.64 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. raised its position in shares of Cooper-Standard by 63.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 137,311 shares of the auto parts company’s stock worth $2,274,000 after acquiring an additional 53,244 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of Cooper-Standard by 3.8% in the 1st quarter. Kovack Advisors Inc. now owns 216,495 shares of the auto parts company’s stock worth $3,585,000 after acquiring an additional 7,870 shares in the last quarter. Fiduciary Alliance LLC raised its position in shares of Cooper-Standard by 126.3% in the 1st quarter. Fiduciary Alliance LLC now owns 213,683 shares of the auto parts company’s stock worth $3,383,000 after acquiring an additional 119,279 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Cooper-Standard by 145.9% in the 1st quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock worth $320,000 after acquiring an additional 11,450 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of Cooper-Standard by 12.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 28,894 shares of the auto parts company’s stock worth $478,000 after acquiring an additional 3,250 shares in the last quarter. 69.11% of the stock is owned by institutional investors.

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.