Manatuck Hill Partners LLC bought a new position in shares of Cooper Tire & Rubber Company (NYSE:CTB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,000 shares of the company’s stock, valued at approximately $1,083,000. Manatuck Hill Partners LLC owned 0.06% of Cooper Tire & Rubber at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FNY Partners Fund LP purchased a new position in Cooper Tire & Rubber during the first quarter valued at approximately $110,000. Riverhead Capital Management LLC boosted its position in shares of Cooper Tire & Rubber by 75.2% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after purchasing an additional 1,729 shares during the period. LS Investment Advisors LLC boosted its position in shares of Cooper Tire & Rubber by 17.0% in the second quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after purchasing an additional 627 shares during the period. Strs Ohio boosted its position in shares of Cooper Tire & Rubber by 81.0% in the first quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $168,000 after purchasing an additional 1,700 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Cooper Tire & Rubber in the first quarter worth $204,000. Institutional investors own 94.58% of the company’s stock.

Several brokerages have recently commented on CTB. FBR & Co restated a “buy” rating and set a $53.00 price objective on shares of Cooper Tire & Rubber in a research report on Tuesday, September 5th. Standpoint Research raised shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $40.00 target price on shares of Cooper Tire & Rubber in a report on Thursday, July 6th. BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $42.00.

Cooper Tire & Rubber Company (CTB) traded down 1.304% during midday trading on Tuesday, hitting $37.455. 62,501 shares of the stock traded hands. The firm has a market cap of $1.95 billion and a PE ratio of 10.361. The company’s 50 day moving average price is $34.59 and its 200 day moving average price is $37.54. Cooper Tire & Rubber Company has a 12 month low of $32.78 and a 12 month high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The firm had revenue of $720.75 million during the quarter, compared to analyst estimates of $775.00 million. During the same quarter in the previous year, the business earned $1.27 EPS. Cooper Tire & Rubber’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts predict that Cooper Tire & Rubber Company will post $3.40 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were given a dividend of $0.105 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.11%. Cooper Tire & Rubber’s dividend payout ratio is currently 11.67%.

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Cooper Tire & Rubber Profile

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.

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

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