Cooper Tire & Rubber Company (CTB) Stake Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Cooper Tire & Rubber Company (NYSE:CTB) by 190.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,929 shares of the company’s stock after buying an additional 22,229 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of Cooper Tire & Rubber worth $1,224,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FNY Partners Fund LP purchased a new stake in shares of Cooper Tire & Rubber during the 1st quarter worth approximately $110,000. Strs Ohio lifted its position in shares of Cooper Tire & Rubber by 81.0% during the 1st quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $168,000 after buying an additional 1,700 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Cooper Tire & Rubber by 75.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after buying an additional 1,729 shares during the last quarter. LS Investment Advisors LLC lifted its position in shares of Cooper Tire & Rubber by 17.0% during the 2nd quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after buying an additional 627 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Cooper Tire & Rubber during the 1st quarter worth approximately $204,000.

COPYRIGHT VIOLATION WARNING: “Cooper Tire & Rubber Company (CTB) Stake Increased by Teachers Retirement System of The State of Kentucky” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/09/cooper-tire-rubber-company-ctb-stake-increased-by-teachers-retirement-system-of-the-state-of-kentucky.html.

Cooper Tire & Rubber Company (NYSE:CTB) opened at 36.65 on Monday. The firm has a market capitalization of $1.91 billion and a PE ratio of 10.14. Cooper Tire & Rubber Company has a one year low of $32.78 and a one year high of $44.50. The stock has a 50 day moving average of $34.96 and a 200-day moving average of $37.45.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Friday, August 4th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The company had revenue of $720.75 million during the quarter, compared to analysts’ expectations of $775.00 million. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. On average, equities analysts predict that Cooper Tire & Rubber Company will post $3.40 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, August 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 11.67%.

Several analysts have recently weighed in on the stock. 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. BidaskClub upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC set a $40.00 price objective on shares of Cooper Tire & Rubber and gave the stock a “hold” rating in a research report on Monday, August 7th. Deutsche Bank AG boosted their price objective on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Standpoint Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.00.

About Cooper Tire �

Other large investors also recently modified their holdings of the company. FNY Partners Fund LP purchased a new stake in shares of Cooper Tire & Rubber during the 1st quarter worth approximately $110,000. Strs Ohio lifted its position in shares of Cooper Tire & Rubber by 81.0% during the 1st quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $168,000 after buying an additional 1,700 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Cooper Tire & Rubber by 75.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after buying an additional 1,729 shares during the last quarter. LS Investment Advisors LLC lifted its position in shares of Cooper Tire & Rubber by 17.0% during the 2nd quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after buying an additional 627 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Cooper Tire & Rubber during the 1st quarter worth approximately $204,000.

COPYRIGHT VIOLATION WARNING: “Cooper Tire & Rubber Company (CTB) Stake Increased by Teachers Retirement System of The State of Kentucky” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/09/cooper-tire-rubber-company-ctb-stake-increased-by-teachers-retirement-system-of-the-state-of-kentucky.html.

Cooper Tire & Rubber Company (NYSE:CTB) opened at 36.65 on Monday. The firm has a market capitalization of $1.91 billion and a PE ratio of 10.14. Cooper Tire & Rubber Company has a one year low of $32.78 and a one year high of $44.50. The stock has a 50 day moving average of $34.96 and a 200-day moving average of $37.45.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Friday, August 4th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The company had revenue of $720.75 million during the quarter, compared to analysts’ expectations of $775.00 million. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. On average, equities analysts predict that Cooper Tire & Rubber Company will post $3.40 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, August 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 11.67%.

Several analysts have recently weighed in on the stock. 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. BidaskClub upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC set a $40.00 price objective on shares of Cooper Tire & Rubber and gave the stock a “hold” rating in a research report on Monday, August 7th. Deutsche Bank AG boosted their price objective on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Standpoint Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.00.

About Cooper Tire & Rubber

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.

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

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