Cooper-Standard Holdings Inc. (NYSE:CPS) Director Acquires $45,810.00 in Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) Director David John Mastrocola purchased 3,000 shares of Cooper-Standard stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the transaction, the director now directly owns 11,115 shares in the company, valued at $169,726.05. This represents a 36.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Cooper-Standard Trading Down 1.1 %

NYSE CPS opened at $14.74 on Monday. The firm has a market capitalization of $255.44 million, a price-to-earnings ratio of -3.25 and a beta of 2.78. The firm’s 50 day simple moving average is $14.61 and its 200 day simple moving average is $14.40. Cooper-Standard Holdings Inc. has a 1 year low of $11.24 and a 1 year high of $19.21.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.22).

Wall Street Analyst Weigh In

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

Institutional Trading of Cooper-Standard

A number of hedge funds have recently added to or reduced their stakes in CPS. Raymond James Financial Inc. acquired a new stake in Cooper-Standard in the fourth quarter valued at approximately $2,522,000. Millennium Management LLC boosted its position in Cooper-Standard by 449.7% in the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company’s stock valued at $2,221,000 after buying an additional 134,008 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Cooper-Standard by 109.6% in the fourth quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company’s stock valued at $2,189,000 after buying an additional 84,412 shares in the last quarter. Millrace Asset Group Inc. acquired a new stake in Cooper-Standard in the third quarter valued at approximately $1,096,000. Finally, Jane Street Group LLC boosted its position in Cooper-Standard by 105.8% in the fourth quarter. Jane Street Group LLC now owns 114,147 shares of the auto parts company’s stock valued at $1,548,000 after buying an additional 58,691 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.