Jane Street Group LLC Boosts Holdings in Cooper Tire & Rubber Co (CTB)

Jane Street Group LLC raised its stake in Cooper Tire & Rubber Co (NYSE:CTB) by 274.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,454 shares of the company’s stock after buying an additional 34,049 shares during the period. Jane Street Group LLC owned approximately 0.09% of Cooper Tire & Rubber worth $1,737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in shares of Cooper Tire & Rubber by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 11,083 shares of the company’s stock valued at $400,000 after acquiring an additional 28 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Cooper Tire & Rubber by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,725 shares of the company’s stock valued at $279,000 after acquiring an additional 31 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Cooper Tire & Rubber by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 68,238 shares of the company’s stock valued at $2,463,000 after acquiring an additional 240 shares in the last quarter. Capstone Asset Management Co. grew its holdings in shares of Cooper Tire & Rubber by 3.8% during the 2nd quarter. Capstone Asset Management Co. now owns 7,449 shares of the company’s stock valued at $269,000 after acquiring an additional 270 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Cooper Tire & Rubber by 6.8% during the 2nd quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock valued at $172,000 after acquiring an additional 304 shares in the last quarter.

CTB has been the subject of several analyst reports. FBR & Co reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. KeyCorp reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. Jefferies Group reissued a “hold” rating and set a $35.00 target price on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, ValuEngine raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.00.

Shares of Cooper Tire & Rubber Co (NYSE CTB) opened at $35.15 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67. The stock has a market cap of $1,802.27, a PE ratio of 9.06, a PEG ratio of 1.14 and a beta of 0.07. Cooper Tire & Rubber Co has a 12 month low of $31.55 and a 12 month high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.33. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The company had revenue of $733.80 million during the quarter, compared to analysts’ expectations of $779.02 million. During the same quarter last year, the company posted $1.04 EPS. Cooper Tire & Rubber’s quarterly revenue was down 2.3% compared to the same quarter last year. research analysts forecast that Cooper Tire & Rubber Co will post 3.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 10.82%.

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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.

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

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