Harbor Capital Advisors Inc. Purchases New Stake in Cooper-Standard Holdings Inc. (NYSE:CPS)

Harbor Capital Advisors Inc. purchased a new stake in Cooper-Standard Holdings Inc. (NYSE:CPS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,861 shares of the auto parts company’s stock, valued at approximately $74,000.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Cooper-Standard in the 4th quarter valued at $2,522,000. Millennium Management LLC grew its position in Cooper-Standard by 449.7% in the 4th quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company’s stock valued at $2,221,000 after purchasing an additional 134,008 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in Cooper-Standard by 11.0% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company’s stock worth $4,607,000 after acquiring an additional 33,631 shares during the last quarter. Marshall Wace LLP purchased a new position in Cooper-Standard during the 4th quarter worth $456,000. Finally, Ameriprise Financial Inc. purchased a new position in Cooper-Standard during the 4th quarter worth $239,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Cooper-Standard Price Performance

CPS opened at $21.78 on Monday. The firm’s fifty day moving average price is $19.24 and its two-hundred day moving average price is $16.30. The company has a market capitalization of $382.13 million, a price-to-earnings ratio of -4.80 and a beta of 2.87. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $26.73.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.12. The company had revenue of $667.07 million during the quarter, compared to analysts’ expectations of $670.00 million.

Analysts Set New Price Targets

A number of research firms have issued reports on CPS. Citigroup began coverage on shares of Cooper-Standard in a report on Wednesday, April 23rd. They set a “neutral” rating and a $12.00 price objective on the stock. Wall Street Zen raised shares of Cooper-Standard from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd.

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.