Cooper-Standard Holdings Inc. (CPS) Major Shareholder Silver Point Capital L.P. Sells 16,000 Shares of Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 16,000 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $108.46, for a total value of $1,735,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Tuesday, July 18th, Silver Point Capital L.P. sold 26,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.50, for a total value of $2,821,000.00.
  • On Thursday, July 13th, Silver Point Capital L.P. sold 100,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.25, for a total value of $10,525,000.00.
  • On Wednesday, July 12th, Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.76, for a total value of $52,880.00.
  • On Friday, July 14th, Silver Point Capital L.P. sold 110,500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.42, for a total value of $11,648,910.00.
  • On Friday, June 9th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $110.47, for a total value of $1,767,520.00.
  • On Friday, June 2nd, Silver Point Capital L.P. sold 20,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $110.89, for a total value of $2,217,800.00.
  • On Friday, May 26th, Silver Point Capital L.P. sold 10,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $112.66, for a total value of $1,126,600.00.
  • On Thursday, April 27th, Silver Point Capital L.P. sold 62,500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $112.88, for a total value of $7,055,000.00.
  • On Monday, April 24th, Silver Point Capital L.P. sold 43,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $109.68, for a total value of $4,716,240.00.

Cooper-Standard Holdings Inc. (NYSE CPS) traded down 1.94% on Thursday, hitting $106.61. The stock had a trading volume of 56,070 shares. Cooper-Standard Holdings Inc. has a 52 week low of $82.50 and a 52 week high of $118.59. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 13.40 and a beta of 0.73. The company has a 50-day moving average price of $104.67 and a 200-day moving average price of $107.72.

Cooper-Standard Holdings (NYSE:CPS) last issued its earnings results on Thursday, May 4th. The auto parts company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.43. Cooper-Standard Holdings had a return on equity of 28.80% and a net margin of 4.27%. The business had revenue of $902.05 million during the quarter, compared to analyst estimates of $866.38 million. Equities research analysts anticipate that Cooper-Standard Holdings Inc. will post $10.85 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the stock. Sawgrass Asset Management LLC raised its stake in shares of Cooper-Standard Holdings by 124.6% in the first quarter. Sawgrass Asset Management LLC now owns 8,400 shares of the auto parts company’s stock worth $932,000 after buying an additional 4,660 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Cooper-Standard Holdings during the first quarter worth approximately $1,098,000. James Investment Research Inc. purchased a new stake in shares of Cooper-Standard Holdings during the first quarter worth approximately $1,959,000. State of Alaska Department of Revenue raised its stake in shares of Cooper-Standard Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,960 shares of the auto parts company’s stock worth $217,000 after buying an additional 40 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Cooper-Standard Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the auto parts company’s stock worth $799,000 after buying an additional 100 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on CPS. Zacks Investment Research downgraded Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine downgraded Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Bank of America Corporation restated an “underperform” rating and issued a $85.00 price target (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $117.00 price target on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $109.43.

Cooper-Standard Holdings Company Profile

Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.

Insider Buying and Selling by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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