Algert Global buys $3,537,717 stake in Cooper-Standard Holdings Inc (CPS)

Cooper-Standard Holdings Inc (CPS) : Algert Global scooped up 8,859 additional shares in Cooper-Standard Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 35,978 shares of Cooper-Standard Holdings Inc which is valued at $3,537,717.Cooper-Standard Holdings Inc makes up approximately 1.04% of Algert Global’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in CPS in the latest quarter, The investment management firm added 345 additional shares and now holds a total of 1,257 shares of Cooper-Standard Holdings Inc which is valued at $123,601. Cutler Group Lp sold out all of its stake in CPS during the most recent quarter. The investment firm sold 528 shares of CPS which is valued $53,064. Advisory Services Network added CPS to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $1,010.Bnp Paribas Arbitrage Sa boosted its stake in CPS in the latest quarter, The investment management firm added 1,888 additional shares and now holds a total of 2,697 shares of Cooper-Standard Holdings Inc which is valued at $278,303.

Cooper-Standard Holdings Inc closed down -2.17 points or -2.16% at $98.33 with 1,31,475 shares getting traded on Tuesday. Post opening the session at $99.89, the shares hit an intraday low of $97.83 and an intraday high of $100.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 Downgraded by Buckingham Research to ” Neutral” on Sep 27, 2016. Cooper-Standard Holdings Inc was Initiated by Seaport Global Securities to “Buy” on Aug 9, 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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