Horrell Capital Management Lowers stake in Cooper Tire & Rubber Co (CTB)

Cooper Tire & Rubber Co (CTB) : Horrell Capital Management reduced its stake in Cooper Tire & Rubber Co by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,862 shares of Cooper Tire & Rubber Co which is valued at $881,074 after selling 138 shares in Cooper Tire & Rubber Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Cooper Tire & Rubber Co makes up approximately 0.55% of Horrell Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in CTB in the latest quarter, The investment management firm added 192,499 additional shares and now holds a total of 496,492 shares of Cooper Tire & Rubber Co which is valued at $16,284,938. Cooper Tire & Rubber Co makes up approx 0.02% of American Century Companies Inc’s portfolio.First Quadrant L Pca reduced its stake in CTB by selling 21,600 shares or 57.91% in the most recent quarter. The Hedge Fund company now holds 15,700 shares of CTB which is valued at $467,860. Cooper Tire & Rubber Co makes up approx 0.01% of First Quadrant L Pca’s portfolio. Capital One National Association sold out all of its stake in CTB during the most recent quarter. The investment firm sold 29,613 shares of CTB which is valued $882,467.Fox Run Management L.l.c. boosted its stake in CTB in the latest quarter, The investment management firm added 10,300 additional shares and now holds a total of 19,100 shares of Cooper Tire & Rubber Co which is valued at $569,180. Cooper Tire & Rubber Co makes up approx 0.26% of Fox Run Management L.l.c.’s portfolio.

Cooper Tire & Rubber Co opened for trading at $32.61 and hit $33.05 on the upside on Friday, eventually ending the session at $32.99, with a gain of 0.95% or 0.31 points. The heightened volatility saw the trading volume jump to 5,77,547 shares. Company has a market cap of $1,820 M.

On the company’s financial health, Cooper Tire & Rubber Co reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.97. The company had revenue of $649.80 million for the quarter, compared to analysts expectations of $673.12 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Cooper Tire & Rubber Co. Northcoast Upgraded Cooper Tire & Rubber Co on Jul 26, 2016 to ” Buy”, Price Target of the shares are set at $37.Standpoint Research Initiated Cooper Tire & Rubber Co on May 27, 2016 to “Buy”, Price Target of the shares are set at $40.

Cooper Tire & Rubber Company (Cooper) is a manufacturer and marketer of replacement tires. The Company specializes in the design manufacture marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck motorcycle and racing tires. The Company operates in two segments: Americas Tire Operations and International Tire Operations. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires primarily for sale in the United States replacement market. It supplies passenger car tires. The segment also distributes tires for racing medium truck and motorcycles. The racing and motorcycle tires are manufactured in the Company’s International Tire Operations segment and by others. The distribution channels and customers include independent tire dealers wholesale distributors regional and national retail tire chains and retail chains that sell tires as well as other automotive products.

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