Cooper Tire & Rubber Co (CTB) : Advisory Services Network scooped up 23 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 Oct 7, 2016. The investment management firm now holds a total of 7,010 shares of Cooper Tire & Rubber Co which is valued at $269,044.Cooper Tire & Rubber Co makes up approximately 0.05% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in CTB during the most recent quarter. The investment firm sold 579 shares of CTB which is valued $22,222.Independent Portfolio Consultants reduced its stake in CTB by selling 455 shares or 33.7% in the most recent quarter. The Hedge Fund company now holds 895 shares of CTB which is valued at $34,180. Cooper Tire & Rubber Co makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CTB in the latest quarter, The investment management firm added 1,953 additional shares and now holds a total of 6,430 shares of Cooper Tire & Rubber Co which is valued at $245,562.Eqis Capital Management boosted its stake in CTB in the latest quarter, The investment management firm added 1,046 additional shares and now holds a total of 29,253 shares of Cooper Tire & Rubber Co which is valued at $1,117,172. Cooper Tire & Rubber Co makes up approx 0.07% of Eqis Capital Management’s portfolio.
Cooper Tire & Rubber Co opened for trading at $38.44 and hit $38.6 on the upside on Friday, eventually ending the session at $38.38, with a gain of 0.31% or 0.12 points. The heightened volatility saw the trading volume jump to 6,83,821 shares. Company has a market cap of $2,078 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. Cooper Tire & Rubber Co was Downgraded by Standpoint Research to ” Hold” on Oct 7, 2016. Northcoast Upgraded Cooper Tire & Rubber Co on Jul 26, 2016 to ” Buy”, Price Target of the shares are set at $37.
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 Companys 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.