Nisa Investment Advisors LLC Buys 2,593 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Nisa Investment Advisors LLC lifted its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 11,273.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,616 shares of the auto parts company’s stock after buying an additional 2,593 shares during the period. Nisa Investment Advisors LLC’s holdings in Cooper-Standard were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in Cooper-Standard during the fourth quarter valued at approximately $48,000. National Bank of Canada FI acquired a new position in Cooper-Standard during the fourth quarter valued at approximately $54,000. Harbor Capital Advisors Inc. acquired a new position in Cooper-Standard during the first quarter valued at approximately $74,000. Quarry LP acquired a new position in shares of Cooper-Standard during the fourth quarter worth $79,000. Finally, Aquatic Capital Management LLC increased its holdings in shares of Cooper-Standard by 336.4% during the fourth quarter. Aquatic Capital Management LLC now owns 8,728 shares of the auto parts company’s stock worth $118,000 after buying an additional 6,728 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Cooper-Standard Price Performance

CPS stock opened at $22.66 on Friday. The stock has a market capitalization of $397.68 million, a PE ratio of -8.58 and a beta of 2.79. The company’s 50-day moving average is $22.63 and its 200-day moving average is $17.68. 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 posted its 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 business had revenue of $667.07 million during the quarter, compared to analyst estimates of $670.00 million.

Analyst Ratings Changes

CPS has been the subject of several research analyst reports. Citigroup assumed coverage on shares of Cooper-Standard in a report on Wednesday, April 23rd. They set a “neutral” rating and a $12.00 price target for the company. Wall Street Zen downgraded Cooper-Standard from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 29th.

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.