Cooper Tire & Rubber Co (CTB) Shares Sold by AMG Funds LLC
AMG Funds LLC reduced its position in shares of Cooper Tire & Rubber Co (NYSE:CTB) by 24.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,575 shares of the company’s stock after selling 15,343 shares during the period. AMG Funds LLC owned approximately 0.10% of Cooper Tire & Rubber worth $1,346,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CTB. Brand Asset Management Group Inc. purchased a new position in Cooper Tire & Rubber in the 2nd quarter worth about $107,000. Oppenheimer & Co. Inc. purchased a new position in Cooper Tire & Rubber in the 2nd quarter worth about $230,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Cooper Tire & Rubber in the 2nd quarter worth about $281,000. Brandes Investment Partners LP purchased a new position in Cooper Tire & Rubber in the 2nd quarter worth about $285,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Cooper Tire & Rubber in the 2nd quarter worth about $311,000.
NYSE:CTB opened at $33.76 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.55. Cooper Tire & Rubber Co has a fifty-two week low of $22.58 and a fifty-two week high of $40.78. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 4.12 and a beta of 0.57.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.42 annualized dividend and a yield of 1.24%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 13.55%.
A number of equities analysts recently weighed in on CTB shares. Northcoast Research set a $38.00 price target on Cooper Tire & Rubber and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Longbow Research reissued a “hold” rating on shares of Cooper Tire & Rubber in a research note on Tuesday, August 21st. Zacks Investment Research raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Wolfe Research raised Cooper Tire & Rubber from an “underperform” rating to a “market perform” rating in a research note on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.60.
ILLEGAL ACTIVITY WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2018/11/21/cooper-tire-rubber-co-ctb-shares-sold-by-amg-funds-llc.html.
About Cooper Tire & Rubber
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets 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, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.
Recommended Story: What are the most popular ETFs
Want to see what other hedge funds are holding CTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cooper Tire & Rubber Co (NYSE:CTB).
Receive News & Ratings for Cooper Tire & Rubber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Tire & Rubber and related companies with MarketBeat.com's FREE daily email newsletter.