Foundry Partners LLC boosted its position in Cooper Tire & Rubber Company (NYSE:CTB) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 274,727 shares of the company’s stock after buying an additional 20,743 shares during the period. Foundry Partners LLC’s holdings in Cooper Tire & Rubber were worth $9,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Partners Fund LP purchased a new position in Cooper Tire & Rubber during the first quarter worth $110,000. Flinton Capital Management LLC purchased a new position in Cooper Tire & Rubber during the first quarter worth $112,000. Creative Planning increased its position in Cooper Tire & Rubber by 5.3% in the first quarter. Creative Planning now owns 2,585 shares of the company’s stock worth $115,000 after buying an additional 129 shares during the period. Neuburgh Advisers LLC purchased a new position in Cooper Tire & Rubber during the first quarter worth $136,000. Finally, LS Investment Advisors LLC purchased a new position in Cooper Tire & Rubber during the first quarter worth $163,000. Hedge funds and other institutional investors own 94.58% of the company’s stock.

Shares of Cooper Tire & Rubber Company (NYSE:CTB) opened at 33.80 on Friday. The stock has a 50 day moving average price of $36.45 and a 200-day moving average price of $38.62. The company has a market capitalization of $1.76 billion, a PE ratio of 9.35 and a beta of -0.02. Cooper Tire & Rubber Company has a 12 month low of $33.11 and a 12 month 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The company had revenue of $720.75 million for the quarter, compared to analyst estimates of $775 million. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. Cooper Tire & Rubber’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.27 earnings per share. Analysts forecast 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. Investors of record on Friday, September 1st will be issued a dividend of $0.105 per share. 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 payout ratio is 11.67%.

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A number of research analysts have weighed in on the company. Jefferies Group LLC set a $40.00 target price on Cooper Tire & Rubber and gave the stock a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Deutsche Bank AG upped their target price on Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Zacks Investment Research upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, April 25th. Finally, Standpoint Research upgraded Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Cooper Tire & Rubber has an average rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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