Saddle Road Partners adds Cooper Tire & Rubber Co (CTB) to its portfolio

Cooper Tire & Rubber Co (CTB) : Saddle Road Partners added new position in Cooper Tire & Rubber Co during the most recent quarter end. The investment management firm now holds 14,884 shares of Cooper Tire & Rubber Co which is valued at $541,926 , the company said in a statement filed on Apr 21, 2016 with the SEC.Cooper Tire & Rubber Co makes up approximately 0.12% of Saddle Road Partners’s portfolio.

Cooper Tire & Rubber Co closed down -1.36 points or -3.65% at $35.92 with 11,94,261 shares getting traded on Wednesday. Post opening the session at $36.75, the shares hit an intraday low of $35.54 and an intraday high of $36.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Horrell Capital Management boosted its stake in CTB in the latest quarter, The investment management firm added 218 additional shares and now holds a total of 27,000 shares of Cooper Tire & Rubber Co which is valued at $983,070. Cooper Tire & Rubber Co makes up approx 0.61% of Horrell Capital Management’s portfolio.First Quadrant L Pca boosted its stake in CTB in the latest quarter, The investment management firm added 35,100 additional shares and now holds a total of 37,300 shares of Cooper Tire & Rubber Co which is valued at $1,358,093. Cooper Tire & Rubber Co makes up approx 0.03% of First Quadrant L Pca’s portfolio.New York State Teachers Retirement System boosted its stake in CTB in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 5,000 shares of Cooper Tire & Rubber Co which is valued at $182,050.Creative Planning reduced its stake in CTB by selling 176 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 2,462 shares of CTB which is valued at $87,721.Eqis Capital Management boosted its stake in CTB in the latest quarter, The investment management firm added 4,737 additional shares and now holds a total of 29,971 shares of Cooper Tire & Rubber Co which is valued at $1,067,867. Cooper Tire & Rubber Co makes up approx 0.08% of Eqis Capital Management’s portfolio.

On the company’s financial health, Cooper Tire & Rubber Co reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.73. The company had revenue of $776.00 million for the quarter, compared to analysts expectations of $762.26 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Cooper Tire & Rubber Co. Cooper Tire & Rubber Co was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 7, 2016. Cooper Tire & Rubber Co was Upgraded by Goldman to ” Neutral” on Feb 25, 2016.

Cooper Tire & Rubber Company (Cooper) is a manufacturer and marketer of replacement tires. The Company specializes in the design manufacture marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck motorcycle and racing tires. The Company operates in two segments: Americas Tire Operations and International Tire Operations. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires primarily for sale in the United States replacement market. It supplies passenger car tires. The segment also distributes tires for racing medium truck and motorcycles. The racing and motorcycle tires are manufactured in the Company’s International Tire Operations segment and by others. The distribution channels and customers include independent tire dealers wholesale distributors regional and national retail tire chains and retail chains that sell tires as well as other automotive products.

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