Cooper-Standard (NYSE:CPS) Downgraded by StockNews.com

Cooper-Standard (NYSE:CPS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Cooper-Standard Stock Performance

Shares of CPS stock opened at $15.48 on Tuesday. The stock’s 50 day simple moving average is $15.40 and its 200 day simple moving average is $16.19. Cooper-Standard has a twelve month low of $9.86 and a twelve month high of $22.74. The company has a market capitalization of $267.65 million, a price-to-earnings ratio of -1.32 and a beta of 2.88.

Cooper-Standard (NYSE:CPS) last issued its quarterly 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 institutional investors have recently added to or reduced their stakes in the business. Fiduciary Alliance LLC increased its position in shares of Cooper-Standard by 126.3% during the first 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 during the period. GSA Capital Partners LLP increased its position in shares of Cooper-Standard by 319.6% during the third quarter. GSA Capital Partners LLP now owns 70,602 shares of the auto parts company’s stock valued at $947,000 after purchasing an additional 53,774 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Cooper-Standard by 63.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 137,311 shares of the auto parts company’s stock valued at $2,274,000 after purchasing an additional 53,244 shares during the period. Trexquant Investment LP increased its position in shares of Cooper-Standard by 119.6% during the third quarter. Trexquant Investment LP now owns 48,199 shares of the auto parts company’s stock valued at $647,000 after purchasing an additional 26,246 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Cooper-Standard during the fourth quarter valued at approximately $501,000. 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.