Silver Point Capital LP Has Cut Its Holding in Cooper Std Hldgs INC (CPS) by $15.51 Million

October 13, 2017 - By Richard Conner

Investors sentiment decreased to 1.24 in 2017 Q2. Its down 0.14, from 1.38 in 2017Q1. It dived, as 25 investors sold CPS shares while 58 reduced holdings. 22 funds opened positions while 81 raised stakes. 16.59 million shares or 0.46% more from 16.51 million shares in 2017Q1 were reported. Northern Trust Corp invested in 0.01% or 315,776 shares. Rothschild Asset Incorporated has 327,825 shares for 0.37% of their portfolio. Mount Lucas Mngmt LP stated it has 0.03% of its portfolio in Cooper-Standard Holdings Inc (NYSE:CPS). Pnc Services Grp holds 3,863 shares. Rockshelter Management Limited Liability reported 95,869 shares. Teachers Retirement Sys Of The State Of Kentucky reported 6,800 shares or 0.01% of all its holdings. Netherlands-based Robeco Institutional Asset Mgmt Bv has invested 0.04% in Cooper-Standard Holdings Inc (NYSE:CPS). Foundry Partners Ltd Liability Co stated it has 20,177 shares or 0.08% of all its holdings. 2,445 are held by Cubist Systematic Strategies Ltd Limited Liability Company. Pub Employees Retirement Sys Of Ohio reported 0.02% stake. Royal Natl Bank Of Canada owns 0% invested in Cooper-Standard Holdings Inc (NYSE:CPS) for 4,894 shares. Retail Bank Of Mellon holds 0.01% or 272,863 shares. Qs Investors accumulated 0.04% or 48,041 shares. Sawgrass Asset Management Ltd Liability Co reported 2,490 shares. 11,184 were reported by Barclays Plc.

Edward A. Mule decreased its stake in Cooper Std Hldgs Inc (CPS) by 9.88% based on its latest 2017Q2 regulatory filing with the SEC. Silver Point Capital Lp sold 155,100 shares as the company’s stock declined 4.98% while stock markets rallied. The hedge fund run by Edward A. Mule held 1.41M shares of the o.e.m. company at the end of 2017Q2, valued at $142.67M, down from 1.57M at the end of the previous reported quarter. Silver Point Capital Lp who had been investing in Cooper Std Hldgs Inc for a number of months, seems to be less bullish one the $2.04 billion market cap company. The stock increased 0.29% or $0.33 on October 13, reaching $115.05. About 60,784 shares traded. Cooper-Standard Holdings Inc (NYSE:CPS) has risen 26.08% since October 13, 2016 and is uptrending. It has outperformed by 9.38% the S&P500.

Wall Street await Cooper-Standard Holdings Inc (NYSE:CPS) to release earnings on October, 30. Analysts forecast earnings per share of $2.52, up exactly $0.04 or 1.61 % from 2014’s $2.48 EPS. The expected CPS’s profit could reach $44.68M giving the stock 11.41 P/E in the case that $2.52 earnings per share is reported. After posting $2.60 EPS for the previous quarter, Cooper-Standard Holdings Inc’s analysts now forecast -3.08 % negative EPS growth.

More notable recent Cooper-Standard Holdings Inc (NYSE:CPS) news were published by: which released: “Cooper-Standard Holdings Breaks Above 200-Day Moving Average – Bullish for CPS” on September 15, 2017, also with their article: “Cooper-Standard Holdings’ (CPS) CEO Jeff Edwards on Q2 2017 Results – Earnings …” published on August 05, 2017, published: “Cooper Standard to Host Conference Call on May 3 to Discuss First Quarter 2017 …” on April 17, 2017. More interesting news about Cooper-Standard Holdings Inc (NYSE:CPS) were released by: and their article: “Is Cooper-Standard Holdings Inc. (CPS) a Good Stock for Value Investors?” published on October 05, 2017 as well as‘s news article titled: “Cooper-Standard Holdings’ (CPS) CEO Jeffrey Edwards on Q1 2017 Results …” with publication date: May 03, 2017.

Cooper-Standard Holdings Inc (NYSE:CPS) Ratings Coverage

Among 8 analysts covering Cooper-Standard (NYSE:CPS), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Cooper-Standard had 15 analyst reports since November 6, 2015 according to SRatingsIntel. As per Tuesday, November 22, the company rating was upgraded by Goldman Sachs. Singular Research maintained Cooper-Standard Holdings Inc (NYSE:CPS) rating on Friday, November 6. Singular Research has “Buy” rating and $91 target. The company was maintained on Tuesday, July 25 by Jefferies. The rating was downgraded by Jefferies to “Hold” on Wednesday, October 19. As per Tuesday, September 27, the company rating was downgraded by Buckingham Research. Seaport Global initiated it with “Buy” rating and $108 target in Tuesday, August 9 report. Jefferies maintained the stock with “Hold” rating in Monday, August 28 report. The firm earned “Sector Weight” rating on Thursday, March 31 by KeyBanc Capital Markets. The firm has “Buy” rating by Roth Capital given on Monday, August 7. The rating was downgraded by Bank of America on Tuesday, June 21 to “Underperform”.

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