Trading Report: The 142,000 Shares of Cooper-Standard Holdings Inc. (CPS) Stock are sold by Silver Point Capital L.P.

The 142,000 Shares of Cooper-Standard Holdings Inc. (CPS) Stock are sold by Silver Point Capital L.P.

Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 142,000 shares of the company’s stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $101.55, for a total value of $14,420,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Silver Point Capital L.P. also recently made the following trade(s): On Monday, October 10th, Silver Point Capital L.P. sold 20,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $100.66, for a total value of $2,013,200.00. On Friday, October 7th, Silver Point Capital L.P. sold 35,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $101.33, for a total value of $3,546,550.00. On Thursday, October 6th, Silver Point Capital L.P. sold 85,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $101.88, for a total value of $8,659,800.00. On Thursday, August 11th, Silver Point Capital L.P. sold 339,362 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $95.41, for a total value of $32,378,528.42. On Monday, August 1st, Silver Point Capital L.P. sold 570,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $89.30, for a total value of $50,901,000.00.

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 97.55 on Friday. Cooper-Standard Holdings Inc. has a 1-year low of $63.00 and a 1-year high of $107.94. The company has a market cap of $1.69 billion, a P/E ratio of 14.40 and a beta of 0.62. The stock’s 50 day moving average price is $100.86 and its 200 day moving average price is $87.83.

Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.61. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The business had revenue of $879.30 million for the quarter, compared to analyst estimates of $875.98 million. Cooper-Standard Holdings’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Cooper-Standard Holdings Inc. will post $10.18 earnings per share for the current year.

Several research firms recently weighed in on CPS. Roth Capital set a $115.00 price target on Cooper-Standard Holdings and gave the company a “buy” rating in a research report on Sunday, September 18th. Seaport Global Securities started coverage on Cooper-Standard Holdings in a research note on Tuesday, August 9th. They issued a “buy” rating and a $108.00 target price on the stock. Jefferies Group lowered their target price on Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $99.00 target price (up previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Saturday, October 8th. Finally, Bank of America Corp. downgraded Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $102.43.

Several hedge funds and other institutional investors have recently bought and sold shares of CPS. Creative Planning raised its position in Cooper-Standard Holdings by 37.8% in the third quarter. Creative Planning now owns 1,257 shares of the company’s stock valued at $124,000 after buying an additional 345 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Cooper-Standard Holdings during the second quarter valued at approximately $150,000. PNC Financial Services Group Inc. increased its stake 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. Acrospire Investment Management LLC acquired a new stake in shares of Cooper-Standard Holdings during the first quarter valued at approximately $146,000. Finally, Paradigm Asset Management Co. LLC increased its stake 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. Institutional investors and hedge funds own 96.91% of the company’s stock.

About Cooper-Standard Holdings

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