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

Acadian Asset Management LLC lowered its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 15.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 334,414 shares of the auto parts company’s stock after selling 59,398 shares during the quarter. Acadian Asset Management LLC owned 1.93% of Cooper-Standard worth $4,159,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPS. NorthRock Partners LLC raised its holdings in shares of Cooper-Standard by 100.0% during the first quarter. NorthRock Partners LLC now owns 72,000 shares of the auto parts company’s stock valued at $1,192,000 after acquiring an additional 36,000 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in Cooper-Standard by 126.3% in the 1st quarter. Fiduciary Alliance LLC now owns 213,683 shares of the auto parts company’s stock valued at $3,383,000 after purchasing an additional 119,279 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in Cooper-Standard during the 4th quarter worth $195,000. Sunbelt Securities Inc. grew its holdings in shares of Cooper-Standard by 145.9% during the first quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock worth $320,000 after buying an additional 11,450 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cooper-Standard by 3.9% in the first quarter. Vanguard Group Inc. now owns 905,185 shares of the auto parts company’s stock valued at $14,990,000 after buying an additional 33,598 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Price Performance

CPS stock opened at $13.17 on Friday. Cooper-Standard Holdings Inc. has a 1 year low of $11.24 and a 1 year high of $20.82. The firm has a market capitalization of $227.71 million, a PE ratio of -2.22 and a beta of 2.73. The business has a 50 day simple moving average of $14.08 and a 200-day simple moving average of $14.23.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, August 1st. The auto parts company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.09) by $1.45. The company had revenue of $708.36 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th.

Cooper-Standard 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.