Msd Partners Lowers stake in Cooper-Standard Holdings Inc (CPS)

Cooper-Standard Holdings Inc (CPS) : Msd Partners reduced its stake in Cooper-Standard Holdings Inc by 3.64% during the most recent quarter end. The investment management company now holds a total of 795,117 shares of Cooper-Standard Holdings Inc which is valued at $77,388,738 after selling 30,000 shares in Cooper-Standard Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cooper-Standard Holdings Inc makes up approximately 3.77% of Msd Partners’s portfolio.

Other Hedge Funds, Including , Vollero Beach Capital Partners added CPS to its portfolio by purchasing 25,510 company shares during the most recent quarter which is valued at $2,482,888. Cooper-Standard Holdings Inc makes up approx 0.55% of Vollero Beach Capital Partners’s portfolio.Columbia Partners L L C Investment Management reduced its stake in CPS by selling 8,144 shares or 25.14% in the most recent quarter. The Hedge Fund company now holds 24,245 shares of CPS which is valued at $2,359,766. Cooper-Standard Holdings Inc makes up approx 0.17% of Columbia Partners L L C Investment Management’s portfolio.Acrospire Investment Management boosted its stake in CPS in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 2,331 shares of Cooper-Standard Holdings Inc which is valued at $211,935. Cooper-Standard Holdings Inc makes up approx 0.15% of Acrospire Investment Management’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in CPS in the latest quarter, The investment management firm added 501 additional shares and now holds a total of 6,190 shares of Cooper-Standard Holdings Inc which is valued at $560,071. Gsa Capital Partners Llp sold out all of its stake in CPS during the most recent quarter. The investment firm sold 3,900 shares of CPS which is valued $352,872.

Cooper-Standard Holdings Inc opened for trading at $99.49 and hit $99.585 on the upside on Thursday, eventually ending the session at $99.09, with a gain of 0.04% or 0.04 points. The heightened volatility saw the trading volume jump to 2,21,627 shares. Company has a market cap of $1,715 M.

On the company’s financial health, Cooper-Standard Holdings Inc reported $2.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.50 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $2.35. The company had revenue of $879.30 million for the quarter, compared to analysts expectations of $875.98 million. The company’s revenue was up 2.1% compared to the same quarter last year.

Many Wall Street Analysts have commented on Cooper-Standard Holdings Inc. Cooper-Standard Holdings Inc was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016. Cooper-Standard Holdings Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 21, 2016. Cooper-Standard Holdings Inc was Initiated by Goldman to “Neutral” on Jun 14, 2016.

Cooper-Standard Holdings Inc. is a holding company. The Company through its subsidiaries manufactures sealing fuel and brake delivery fluid transfer and anti-vibration systems components subsystems and modules for use in passenger vehicles and light trucks. The Company operates in four segments: North America Europe South America and Asia Pacific. The Company’s principal products within each of these segments are sealing systems fuel and brake delivery systems fluid transfer systems and anti-vibration systems. The Company’s sealing systems protect vehicle interiors from weather dust and noise intrusion for improved driving experience. Its fuel and brake delivery systems sense deliver and control fluids to fuel and brake systems. Its fluid transfer systems sense deliver and control fluid and vapors for optimal powertrain & HVAC operation. Its anti-vibration systems control and isolate noise and vibration in the vehicle to improve ride and handling.

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