Kovack Advisors Inc. Sells 8,275 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Kovack Advisors Inc. decreased its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 208,625 shares of the auto parts company’s stock after selling 8,275 shares during the quarter. Kovack Advisors Inc.’s holdings in Cooper-Standard were worth $4,077,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPS. Fiduciary Alliance LLC purchased a new position in shares of Cooper-Standard in the 4th quarter worth approximately $1,845,000. GSA Capital Partners LLP boosted its holdings in shares of Cooper-Standard by 319.6% in the 3rd quarter. GSA Capital Partners LLP now owns 70,602 shares of the auto parts company’s stock worth $947,000 after purchasing an additional 53,774 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Cooper-Standard in the 3rd quarter worth approximately $701,000. Trexquant Investment LP boosted its holdings in Cooper-Standard by 119.6% during the 3rd quarter. Trexquant Investment LP now owns 48,199 shares of the auto parts company’s stock valued at $647,000 after acquiring an additional 26,246 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Cooper-Standard during the 4th quarter valued at $269,000. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Stock Up 4.0 %

CPS traded up $0.61 during trading hours on Friday, reaching $15.98. 47,011 shares of the company’s stock traded hands, compared to its average volume of 155,383. The firm has a 50-day moving average price of $15.27 and a 200 day moving average price of $16.22. Cooper-Standard Holdings Inc. has a 52-week low of $9.86 and a 52-week high of $22.74. The firm has a market capitalization of $276.29 million, a PE ratio of -1.37 and a beta of 2.88.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share (EPS) for the quarter. The company had revenue of $673.64 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Cooper-Standard from a “buy” rating to a “hold” rating in a report on Tuesday.

About Cooper-Standard

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.