California State Teachers Retirement System Reduces Stake in Cooper Tire & Rubber Co (CTB)

California State Teachers Retirement System reduced its holdings in shares of Cooper Tire & Rubber Co (NYSE:CTB) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,057 shares of the company’s stock after selling 6,049 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Cooper Tire & Rubber worth $3,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CTB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Cooper Tire & Rubber by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,725 shares of the company’s stock valued at $279,000 after buying an additional 31 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Cooper Tire & Rubber by 6.8% in the second quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock valued at $172,000 after buying an additional 304 shares in the last quarter. Comerica Bank grew its stake in shares of Cooper Tire & Rubber by 1.9% in the second quarter. Comerica Bank now owns 41,616 shares of the company’s stock valued at $1,596,000 after buying an additional 778 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Cooper Tire & Rubber by 8.5% in the second quarter. Thrivent Financial For Lutherans now owns 10,750 shares of the company’s stock valued at $388,000 after buying an additional 840 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Cooper Tire & Rubber by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 13,388 shares of the company’s stock valued at $484,000 after buying an additional 905 shares in the last quarter.

Shares of Cooper Tire & Rubber Co (NYSE CTB) traded down $0.05 during trading on Thursday, reaching $39.05. The company’s stock had a trading volume of 575,177 shares, compared to its average volume of 817,472. Cooper Tire & Rubber Co has a fifty-two week low of $31.55 and a fifty-two week high of $44.50. The firm has a market cap of $2,000.00, a P/E ratio of 10.04 and a beta of 0.07. The company has a quick ratio of 1.59, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a return on equity of 17.56% and a net margin of 7.18%. The company had revenue of $733.80 million during the quarter, compared to the consensus estimate of $779.02 million. During the same quarter last year, the firm earned $1.04 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. sell-side analysts expect that Cooper Tire & Rubber Co will post 3.22 EPS for the current year.

Several equities analysts recently weighed in on CTB shares. KeyCorp reissued a “buy” rating and issued a $42.00 target price on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. B. Riley reissued a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, January 12th. FBR & Co reaffirmed a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a report on Tuesday, October 31st. Finally, ValuEngine raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.88.

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Cooper Tire & Rubber Company 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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