Cooper-Standard Holdings Inc. (NYSE:CPS – Get Free Report) was the recipient of unusually large options trading on Thursday. Investors purchased 2,223 call options on the stock. This represents an increase of 403% compared to the typical volume of 442 call options.
Cooper-Standard Stock Performance
NYSE CPS traded down $3.98 on Thursday, reaching $18.05. 191,540 shares of the company’s stock traded hands, compared to its average volume of 215,584. Cooper-Standard has a fifty-two week low of $17.15 and a fifty-two week high of $47.98. The firm has a market cap of $320.82 million, a price-to-earnings ratio of -5.76 and a beta of 2.03. The stock has a 50 day moving average price of $22.56 and a 200-day moving average price of $28.52.
Cooper-Standard (NYSE:CPS – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The auto parts company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.85). The business had revenue of $708.59 million during the quarter, compared to the consensus estimate of $704.13 million. As a group, equities research analysts anticipate that Cooper-Standard will post 0.71 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
CPS has been the subject of a number of research reports. Weiss Ratings raised Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Stifel Nicolaus cut their price target on shares of Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Finally, Zacks Research lowered shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cooper-Standard has an average rating of “Reduce” and a consensus target price of $37.83.
Get Our Latest Report on Cooper-Standard
Institutional Trading of Cooper-Standard
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Cooper-Standard during the second quarter valued at approximately $41,004,000. Empowered Funds LLC acquired a new position in Cooper-Standard in the second quarter valued at approximately $3,867,000. Bank of New York Mellon Corp purchased a new stake in Cooper-Standard in the 2nd quarter worth approximately $2,860,000. Canada Pension Plan Investment Board purchased a new stake in Cooper-Standard in the 2nd quarter worth approximately $2,121,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Cooper-Standard by 15.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock valued at $8,662,000 after buying an additional 41,797 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.
About Cooper-Standard
Cooper-Standard Holdings Inc is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company’s products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements.
Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.
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