Oppenheimer Asset Management Inc. raised its position in shares of Cooper Tire & Rubber Company (NYSE:CTB) by 487.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,905 shares of the company’s stock after buying an additional 6,559 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Cooper Tire & Rubber were worth $351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Investment Counsel Inc boosted its position in shares of Cooper Tire & Rubber by 0.7% in the first quarter. Capital Investment Counsel Inc now owns 7,500 shares of the company’s stock worth $333,000 after buying an additional 50 shares in the last quarter. Horrell Capital Management Inc. boosted its position in shares of Cooper Tire & Rubber by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,209,000 after buying an additional 100 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Cooper Tire & Rubber by 2.1% in the fourth quarter. New York State Teachers Retirement System now owns 4,900 shares of the company’s stock worth $190,000 after buying an additional 100 shares in the last quarter. Creative Planning boosted its position in shares of Cooper Tire & Rubber by 5.3% in the first quarter. Creative Planning now owns 2,585 shares of the company’s stock worth $115,000 after buying an additional 129 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Cooper Tire & Rubber by 9.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,912 shares of the company’s stock worth $152,000 after buying an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.

Cooper Tire & Rubber Company (CTB) traded down 0.28% on Thursday, reaching $36.00. 910,606 shares of the company traded hands. The company has a market capitalization of $1.91 billion, a PE ratio of 8.93 and a beta of -0.02. Cooper Tire & Rubber Company has a one year low of $31.82 and a one year high of $44.50. The stock’s 50 day moving average price is $36.67 and its 200 day moving average price is $38.73.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, August 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 10.45%.

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A number of brokerages have recently issued reports on CTB. BidaskClub upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday. Jefferies Group LLC restated a “hold” rating and set a $40.00 price target on shares of Cooper Tire & Rubber in a report on Thursday, July 6th. Standpoint Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Finally, Northcoast Research cut shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.00.

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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