Tudor Investment Corp ET AL Decreases Position in Cooper Tire & Rubber Company (CTB)

Tudor Investment Corp ET AL cut its holdings in shares of Cooper Tire & Rubber Company (NYSE:CTB) by 36.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,051 shares of the company’s stock after selling 6,280 shares during the period. Tudor Investment Corp ET AL’s holdings in Cooper Tire & Rubber were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CTB. FNY Partners Fund LP acquired a new position in Cooper Tire & Rubber during the first quarter valued at $110,000. Riverhead Capital Management LLC lifted its position in Cooper Tire & Rubber by 75.2% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock valued at $145,000 after purchasing an additional 1,729 shares during the period. LS Investment Advisors LLC lifted its position in Cooper Tire & Rubber by 17.0% during the second quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock valued at $156,000 after purchasing an additional 627 shares during the period. BlueCrest Capital Management Ltd acquired a new position in Cooper Tire & Rubber during the first quarter valued at $204,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in Cooper Tire & Rubber during the first quarter valued at $210,000.

A number of research firms recently issued reports on CTB. Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Jefferies Group LLC set a $40.00 target price on shares of Cooper Tire & Rubber and gave the company a “hold” rating in a research report on Monday, August 7th. Standpoint Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research report on Tuesday, June 20th. BidaskClub upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Deutsche Bank AG boosted their target price on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.00.

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Cooper Tire & Rubber Company (NYSE:CTB) opened at 37.10 on Friday. The company’s 50-day moving average is $35.32 and its 200-day moving average is $37.27. The firm has a market capitalization of $1.94 billion and a P/E ratio of 10.26. Cooper Tire & Rubber Company has a 52-week low of $32.78 and a 52-week high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Friday, August 4th. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The company had revenue of $720.75 million during the quarter, compared to analysts’ expectations of $775.00 million. During the same quarter last year, the business earned $1.27 EPS. The business’s revenue was down 2.6% on a year-over-year basis. On average, analysts predict that Cooper Tire & Rubber Company will post $3.37 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, August 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 11.67%.

Cooper Tire & Rubber Profile

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

Institutional Ownership by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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