Millrace Asset Group Inc. Makes New $1.10 Million Investment in Cooper-Standard Holdings Inc. (NYSE:CPS)

Millrace Asset Group Inc. acquired a new stake in Cooper-Standard Holdings Inc. (NYSE:CPS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 79,020 shares of the auto parts company’s stock, valued at approximately $1,096,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Cooper-Standard by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 905,185 shares of the auto parts company’s stock valued at $14,990,000 after purchasing an additional 33,598 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Cooper-Standard by 5.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 122,860 shares of the auto parts company’s stock valued at $2,035,000 after buying an additional 6,236 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Cooper-Standard by 21.2% during the second quarter. Fiduciary Alliance LLC now owns 259,085 shares of the auto parts company’s stock valued at $3,096,000 after buying an additional 45,402 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Cooper-Standard by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 99,427 shares of the auto parts company’s stock worth $1,237,000 after acquiring an additional 6,559 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Cooper-Standard by 36.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 77,450 shares of the auto parts company’s stock worth $963,000 after acquiring an additional 20,758 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th.

Cooper-Standard Trading Up 1.8 %

Shares of Cooper-Standard stock opened at $14.68 on Tuesday. The stock has a fifty day simple moving average of $14.08 and a 200 day simple moving average of $13.72. Cooper-Standard Holdings Inc. has a 12-month low of $11.24 and a 12-month high of $20.82. The company has a market capitalization of $254.40 million, a P/E ratio of -1.48 and a beta of 2.74.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.50. The firm had revenue of $685.35 million for the quarter.

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.