LS Investment Advisors LLC boosted its stake in shares of Cooper Tire & Rubber Company (NYSE:CTB) by 17.0% during the second quarter, Holdings Channel reports. The fund owned 4,311 shares of the company’s stock after buying an additional 627 shares during the period. LS Investment Advisors LLC’s holdings in Cooper Tire & Rubber were worth $156,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CTB. Principal Financial Group Inc. raised its stake in shares of Cooper Tire & Rubber by 15.9% in the first quarter. Principal Financial Group Inc. now owns 981,942 shares of the company’s stock worth $43,549,000 after buying an additional 134,800 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Cooper Tire & Rubber by 487.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,905 shares of the company’s stock valued at $351,000 after buying an additional 6,559 shares during the period. Northwestern Mutual Investment Management Company LLC acquired a new position in Cooper Tire & Rubber during the first quarter valued at approximately $403,000. Royce & Associates LP increased its position in Cooper Tire & Rubber by 39.0% in the first quarter. Royce & Associates LP now owns 2,586,294 shares of the company’s stock valued at $114,702,000 after buying an additional 726,152 shares during the period. Finally, Anderson Hoagland & Co. acquired a new position in Cooper Tire & Rubber during the first quarter valued at approximately $1,742,000. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Tire & Rubber Company (CTB) traded down 1.399% during mid-day trading on Thursday, hitting $33.475. 184,191 shares of the stock traded hands. Cooper Tire & Rubber Company has a 12-month low of $33.11 and a 12-month high of $44.50. The firm has a market cap of $1.75 billion, a PE ratio of 9.260 and a beta of -0.02. The stock has a 50 day moving average price of $36.55 and a 200 day moving average price of $38.67.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.85 EPS for the quarter, beating 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 firm had revenue of $720.75 million for the quarter, compared to the consensus estimate of $775 million. During the same period in the previous year, the firm posted $1.27 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. On average, analysts expect that Cooper Tire & Rubber Company will post $3.40 earnings per share for the current fiscal year.

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

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CTB has been the subject of a number of analyst reports. Northcoast Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 18th. Standpoint Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research note on Tuesday, June 20th. Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Jefferies Group LLC restated a “hold” rating and issued a $40.00 price objective on shares of Cooper Tire & Rubber in a research note on Thursday, July 6th. Finally, BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two research 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 a consensus rating of “Hold” and a consensus target price of $42.00.

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.

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

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