Cooper-Standard Holdings Inc. (CPS) Short Interest Down 38.0% in August
Cooper-Standard Holdings Inc. (NYSE:CPS) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 394,247 shares, a decline of 38.0% from the August 15th total of 635,497 shares. Based on an average daily volume of 202,394 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.3% of the company’s stock are short sold.
In related news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $87.01, for a total value of $62,253,305.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Keith Dwayne Stephenson sold 42,940 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $98.03, for a total value of $4,209,408.20. Following the completion of the transaction, the vice president now directly owns 31,788 shares in the company, valued at $3,116,177.64. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new position in shares of Cooper-Standard Holdings during the first quarter valued at about $146,000. Pacad Investment Ltd. acquired a new position in shares of Cooper-Standard Holdings during the second quarter valued at about $150,000. PNC Financial Services Group Inc. raised its position in shares of Cooper-Standard Holdings by 8.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the company’s stock valued at $158,000 after buying an additional 156 shares during the last quarter. Paradigm Asset Management Co. LLC raised its position in shares of Cooper-Standard Holdings by 14.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,400 shares of the company’s stock valued at $190,000 after buying an additional 300 shares during the last quarter. Finally, Walleye Trading LLC raised its position in shares of Cooper-Standard Holdings by 38.9% in the second quarter. Walleye Trading LLC now owns 2,500 shares of the company’s stock valued at $197,000 after buying an additional 700 shares during the last quarter. 98.01% of the stock is currently owned by institutional investors.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 103.47 on Tuesday. Cooper-Standard Holdings has a 1-year low of $54.54 and a 1-year high of $103.93. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 15.27 and a beta of 0.62. The stock has a 50 day moving average price of $97.42 and a 200 day moving average price of $84.47.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings data on Thursday, July 28th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.61. The company had revenue of $879.30 million for the quarter, compared to analyst estimates of $875.98 million. Cooper-Standard Holdings had a net margin of 3.68% and a return on equity of 31.20%. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Cooper-Standard Holdings will post $10.18 EPS for the current year.
CPS has been the topic of several analyst reports. Goldman Sachs Group Inc. initiated coverage on Cooper-Standard Holdings in a research report on Tuesday, June 14th. They issued a “neutral” rating and a $95.00 price objective on the stock. Bank of America Corp. cut Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research report on Tuesday, June 21st. Roth Capital started coverage on shares of Cooper-Standard Holdings in a research note on Wednesday, July 6th. They set a “buy” rating and a $105.00 target price for the company. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, Jefferies Group decreased their target price on shares of Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Cooper-Standard Holdings currently has an average rating of “Buy” and an average price target of $101.33.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
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