Silver Point Capital L.P. Sells 35,000 Shares of Cooper-Standard Holdings Inc (CPS) Stock

Cooper-Standard Holdings Inc (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 35,000 shares of Cooper-Standard Holdings stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $114.32, for a total value of $4,001,200.00. The sale was disclosed in a legal filing with the SEC, which is available at 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 Tuesday, March 14th, Silver Point Capital L.P. sold 27,400 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $111.88, for a total value of $3,065,512.00.
  • On Wednesday, March 8th, Silver Point Capital L.P. sold 21,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $112.11, for a total value of $2,354,310.00.
  • On Friday, March 3rd, Silver Point Capital L.P. sold 40,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $113.11, for a total value of $4,524,400.00.
  • On Monday, February 6th, Silver Point Capital L.P. sold 801 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $106.16, for a total value of $85,034.16.
  • On Thursday, February 2nd, Silver Point Capital L.P. sold 21,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.70, for a total value of $2,219,700.00.
  • On Wednesday, January 25th, Silver Point Capital L.P. sold 45,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $106.22, for a total value of $4,779,900.00.
  • On Monday, January 23rd, Silver Point Capital L.P. sold 30,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $103.64, for a total value of $3,109,200.00.
  • On Wednesday, January 11th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.13, for a total value of $1,730,080.00.
  • On Tuesday, January 10th, Silver Point Capital L.P. sold 75,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $107.76, for a total value of $8,082,000.00.
  • On Thursday, January 5th, Silver Point Capital L.P. sold 60,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $106.85, for a total value of $6,411,000.00.

Cooper-Standard Holdings Inc (NYSE:CPS) opened at 115.92 on Tuesday. The stock has a 50 day moving average price of $110.06 and a 200 day moving average price of $101.82. Cooper-Standard Holdings Inc has a 1-year low of $67.65 and a 1-year high of $118.59. The stock has a market cap of $2.05 billion, a PE ratio of 15.61 and a beta of 0.70.

Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings data on Thursday, February 16th. The company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.41. Cooper-Standard Holdings had a return on equity of 30.67% and a net margin of 3.75%. The company had revenue of $875.40 million for the quarter, compared to analysts’ expectations of $832.59 million. During the same quarter in the prior year, the firm earned $2.32 earnings per share. Cooper-Standard Holdings’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Cooper-Standard Holdings Inc will post $10.77 EPS for the current fiscal year.

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

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Several research firms have recently weighed in on CPS. Zacks Investment Research upgraded Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Wednesday, November 30th. Buckingham Research upgraded Cooper-Standard Holdings from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, January 4th. Jefferies Group LLC boosted their price target on Cooper-Standard Holdings from $109.00 to $117.00 and gave the stock a “hold” rating in a research note on Tuesday, February 21st. Finally, Goldman Sachs Group Inc upgraded Cooper-Standard Holdings from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $113.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of Cooper-Standard Holdings by 214.9% in the third quarter. BlackRock Fund Advisors now owns 1,149,618 shares of the company’s stock valued at $113,582,000 after buying an additional 784,553 shares during the period. Prudential Financial Inc. boosted its stake in shares of Cooper-Standard Holdings by 173.5% in the third quarter. Prudential Financial Inc. now owns 483,627 shares of the company’s stock valued at $47,782,000 after buying an additional 306,813 shares during the period. Norges Bank bought a new stake in shares of Cooper-Standard Holdings during the fourth quarter valued at about $28,537,000. LSV Asset Management boosted its stake in shares of Cooper-Standard Holdings by 56.7% in the third quarter. LSV Asset Management now owns 618,208 shares of the company’s stock valued at $61,078,000 after buying an additional 223,808 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Cooper-Standard Holdings by 80.6% in the third quarter. Bank of New York Mellon Corp now owns 326,072 shares of the company’s stock valued at $32,215,000 after buying an additional 145,482 shares during the period. 98.47% of the stock is currently owned by institutional investors.

About Cooper-Standard Holdings

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.

5 Day Chart for NYSE:CPS

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