Cooper Tire & Rubber Co (NYSE:CTB) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its stake in shares of Cooper Tire & Rubber Co (NYSE:CTB) by 16.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,885 shares of the company’s stock after selling 22,695 shares during the period. Gateway Investment Advisers LLC owned 0.22% of Cooper Tire & Rubber worth $4,026,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Cooper Tire & Rubber by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,725 shares of the company’s stock worth $279,000 after acquiring an additional 31 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Cooper Tire & Rubber by 42.0% during the 2nd quarter. Alliancebernstein L.P. now owns 124,323 shares of the company’s stock valued at $4,488,000 after buying an additional 36,750 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Cooper Tire & Rubber by 75.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock valued at $145,000 after buying an additional 1,729 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Cooper Tire & Rubber by 23.4% during the 2nd quarter. Nationwide Fund Advisors now owns 158,665 shares of the company’s stock valued at $5,728,000 after buying an additional 30,128 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Cooper Tire & Rubber by 7.2% during the 2nd 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.

Cooper Tire & Rubber Co (NYSE:CTB) traded up $0.20 on Wednesday, hitting $35.85. 532,065 shares of the company traded hands, compared to its average volume of 780,410. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67. Cooper Tire & Rubber Co has a 1 year low of $31.55 and a 1 year high of $44.50. The firm has a market cap of $1,874.06, a PE ratio of 9.18 and a beta of 0.17.

Several equities research analysts have recently commented on CTB shares. KeyCorp restated a “buy” rating and issued a $42.00 price target on shares of Cooper Tire & Rubber in a report on Wednesday, November 1st. B. Riley reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Cooper Tire & Rubber in a research report on Monday, December 11th. ValuEngine raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Jefferies Group reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. Finally, Longbow Research initiated coverage on shares of Cooper Tire & Rubber in a research report on Wednesday, January 31st. They set a “buy” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.88.

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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.

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

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