Quantamental Technologies LLC Takes $42,000 Position in Cooper Tire & Rubber Co (CTB)

Quantamental Technologies LLC purchased a new position in Cooper Tire & Rubber Co (NYSE:CTB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,406 shares of the company’s stock, valued at approximately $42,000.

A number of other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Cooper Tire & Rubber by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 850,119 shares of the company’s stock valued at $24,058,000 after purchasing an additional 32,927 shares during the period. Jane Street Group LLC purchased a new position in shares of Cooper Tire & Rubber in the third quarter valued at $201,000. Teachers Advisors LLC grew its holdings in shares of Cooper Tire & Rubber by 2.4% in the third quarter. Teachers Advisors LLC now owns 97,507 shares of the company’s stock valued at $2,759,000 after purchasing an additional 2,320 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Cooper Tire & Rubber by 7.8% in the third quarter. Legal & General Group Plc now owns 147,689 shares of the company’s stock valued at $4,197,000 after purchasing an additional 10,652 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Cooper Tire & Rubber by 0.9% in the third quarter. Vanguard Group Inc. now owns 5,010,300 shares of the company’s stock valued at $141,791,000 after purchasing an additional 45,239 shares in the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

A number of research analysts recently weighed in on CTB shares. Longbow Research reissued a “hold” rating on shares of Cooper Tire & Rubber in a report on Friday, January 18th. Zacks Investment Research lowered shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Finally, TheStreet lowered shares of Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Cooper Tire & Rubber currently has a consensus rating of “Hold” and an average target price of $38.00.

CTB stock opened at $29.36 on Thursday. Cooper Tire & Rubber Co has a fifty-two week low of $23.27 and a fifty-two week high of $35.36. The company has a quick ratio of 1.15, a current ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.47 billion, a P/E ratio of 13.47 and a beta of 0.59.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The company had revenue of $619.20 million during the quarter, compared to the consensus estimate of $608.14 million. Cooper Tire & Rubber had a return on equity of 9.25% and a net margin of 2.66%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. Analysts predict that Cooper Tire & Rubber Co will post 2.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a $0.105 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.42 dividend on an annualized basis and a yield of 1.43%. Cooper Tire & Rubber’s dividend payout ratio is presently 19.27%.

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Cooper Tire & Rubber Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.

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

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