Cooper Tire & Rubber Company (CTB) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its stake in Cooper Tire & Rubber Company (NYSE:CTB) by 49.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,860 shares of the company’s stock after selling 10,473 shares during the period. Trexquant Investment LP’s holdings in Cooper Tire & Rubber were worth $392,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FNY Partners Fund LP purchased a new stake in Cooper Tire & Rubber during the first quarter valued at about $110,000. Flinton Capital Management LLC purchased a new stake in Cooper Tire & Rubber during the first quarter valued at about $112,000. Creative Planning boosted its stake in Cooper Tire & Rubber by 5.3% in the first quarter. Creative Planning now owns 2,585 shares of the company’s stock valued at $115,000 after buying an additional 129 shares during the last quarter. Neuburgh Advisers LLC purchased a new stake in Cooper Tire & Rubber during the first quarter valued at about $136,000. Finally, LS Investment Advisors LLC boosted its stake in Cooper Tire & Rubber by 17.0% in the second quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock valued at $156,000 after buying an additional 627 shares during the last quarter. Institutional investors own 94.58% of the company’s stock.

Cooper Tire & Rubber Company (NYSE:CTB) opened at 33.80 on Wednesday. The firm has a market capitalization of $1.76 billion, a PE ratio of 9.35 and a beta of -0.02. The stock’s 50 day moving average price is $36.36 and its 200 day moving average price is $38.64. Cooper Tire & Rubber Company has a one year low of $33.11 and a one year high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The business had revenue of $720.75 million during the quarter, compared to analysts’ expectations of $775 million. During the same period last year, the company posted $1.27 EPS. The company’s revenue was down 2.6% on a year-over-year basis. Analysts expect that Cooper Tire & Rubber Company will post $3.40 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.24%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 11.67%.

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Several equities research analysts recently issued reports on the company. Northcoast Research cut Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a report on Tuesday, April 18th. Zacks Investment Research cut Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Jefferies Group LLC set a $40.00 price objective on Cooper Tire & Rubber and gave the stock a “hold” rating in a report on Monday, August 7th. Standpoint Research upgraded Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Finally, BidaskClub upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.00.

Cooper Tire & Rubber Company 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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