Cantab Capital Partners Llp buys $2,002,209 stake in Cooper Tire & Rubber Co (CTB)

Cooper Tire & Rubber Co (CTB) : Cantab Capital Partners Llp scooped up 5,364 additional shares in Cooper Tire & Rubber Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 59,010 shares of Cooper Tire & Rubber Co which is valued at $2,002,209.Cooper Tire & Rubber Co makes up approximately 0.47% of Cantab Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors boosted its stake in CTB in the latest quarter, The investment management firm added 84,500 additional shares and now holds a total of 89,903 shares of Cooper Tire & Rubber Co which is valued at $3,050,409. Cooper Tire & Rubber Co makes up approx 0.14% of A.r.t. Advisors’s portfolio.Teachers Advisors Inc boosted its stake in CTB in the latest quarter, The investment management firm added 2,477 additional shares and now holds a total of 87,960 shares of Cooper Tire & Rubber Co which is valued at $2,984,483.Victory Capital Management Inc boosted its stake in CTB in the latest quarter, The investment management firm added 89,079 additional shares and now holds a total of 920,136 shares of Cooper Tire & Rubber Co which is valued at $31,431,846. Cooper Tire & Rubber Co makes up approx 0.12% of Victory Capital Management Inc’s portfolio. Quantitative Investment Management sold out all of its stake in CTB during the most recent quarter. The investment firm sold 11,100 shares of CTB which is valued $355,644.

Cooper Tire & Rubber Co opened for trading at $34.61 and hit $34.99 on the upside on Wednesday, eventually ending the session at $34.87, with a gain of 0.61% or 0.21 points. The heightened volatility saw the trading volume jump to 495,808 shares. Company has a market cap of $1,888 M.

On the company’s financial health, Cooper Tire & Rubber Co reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.05. The company had revenue of $740.00 million for the quarter, compared to analysts expectations of $743.19 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Cooper Tire & Rubber Co. Northcoast Upgraded Cooper Tire & Rubber Co on Jul 26, 2016 to ” Buy”, Price Target of the shares are set at $37.Standpoint Research Initiated Cooper Tire & Rubber Co on May 27, 2016 to “Buy”, Price Target of the shares are set at $40.

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.

Leave a Reply

Cooper Tire & Rubber Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cooper Tire & Rubber Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.