Great Hill Capital LLC Takes Position in Cooper-Standard Holdings Inc. $CPS

Great Hill Capital LLC purchased a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 434,219 shares of the auto parts company’s stock, valued at approximately $16,036,000. Cooper-Standard comprises approximately 2.5% of Great Hill Capital LLC’s holdings, making the stock its 10th biggest position. Great Hill Capital LLC owned approximately 2.46% of Cooper-Standard at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in Cooper-Standard during the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 682 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 1,432 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $57,000. Finally, Abound Wealth Management acquired a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $116,000. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Stock Performance

Shares of CPS opened at $38.77 on Thursday. Cooper-Standard Holdings Inc. has a one year low of $10.38 and a one year high of $47.98. The stock has a 50-day moving average price of $34.49 and a 200 day moving average price of $33.92. The company has a market capitalization of $683.89 million, a P/E ratio of -161.54 and a beta of 1.94.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Friday, February 13th. The auto parts company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The business had revenue of $672.37 million during the quarter, compared to the consensus estimate of $641.51 million.

Analysts Set New Price Targets

A number of research firms recently issued reports on CPS. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Wall Street Zen downgraded Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday. Citigroup lifted their price objective on Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings lowered shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Finally, Stifel Nicolaus raised their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.33.

About Cooper-Standard

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.