Gabelli Funds LLC decreased its holdings in Cooper Tire & Rubber Company (NYSE:CTB) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,000 shares of the company’s stock after selling 8,000 shares during the period. Gabelli Funds LLC owned about 0.48% of Cooper Tire & Rubber worth $9,350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Alps Advisors Inc. increased its stake in Cooper Tire & Rubber by 0.3% in the second quarter. Alps Advisors Inc. now owns 11,083 shares of the company’s stock worth $400,000 after purchasing an additional 28 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Cooper Tire & Rubber by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,725 shares of the company’s stock worth $279,000 after purchasing an additional 31 shares during the period. Retirement Systems of Alabama increased its stake in Cooper Tire & Rubber by 0.4% in the second quarter. Retirement Systems of Alabama now owns 68,238 shares of the company’s stock worth $2,463,000 after purchasing an additional 240 shares during the period. Capstone Asset Management Co. increased its stake in Cooper Tire & Rubber by 3.8% in the second quarter. Capstone Asset Management Co. now owns 7,449 shares of the company’s stock worth $269,000 after purchasing an additional 270 shares during the period. Finally, Advisory Services Network LLC increased its stake in Cooper Tire & Rubber by 6.8% in the second quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock worth $172,000 after purchasing an additional 304 shares during the period.

A number of analysts have weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. BidaskClub raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. FBR & Co reissued a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG increased their price target on Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.00.

Cooper Tire & Rubber Company (CTB) opened at $33.60 on Friday. Cooper Tire & Rubber Company has a 12-month low of $31.55 and a 12-month high of $44.50. 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 capitalization of $1,684.34, a price-to-earnings ratio of 8.47, a PEG ratio of 1.05 and a beta of -0.01.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly 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 return on equity of 17.56% and a net margin of 7.18%. The business had revenue of $733.80 million for the quarter, compared to the consensus estimate of $779.02 million. During the same quarter in the prior year, the company earned $1.04 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. research analysts forecast that Cooper Tire & Rubber Company will post 3.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, November 30th. Cooper Tire & Rubber’s payout ratio is currently 10.82%.

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Cooper Tire & Rubber 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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