Will Wolfe Research’s Latest Ratings Coverage Help Cooper Tire (CTB)’s Share Price?

October 2, 2018 - By Ruchi Gupta

Cooper Tire & Rubber Company (NYSE:CTB) Logo

Investors sentiment decreased to 0.9 in Q2 2018. Its down 0.04, from 0.94 in 2018Q1. It is negative, as 42 investors sold Cooper Tire & Rubber Company shares while 51 reduced holdings. 26 funds opened positions while 58 raised stakes. 52.62 million shares or 6.83% more from 49.26 million shares in 2018Q1 were reported.

State Street Corp reported 0% stake. Signaturefd Ltd Liability has invested 0% in Cooper Tire & Rubber Company (NYSE:CTB). Hotchkis Wiley Capital Mgmt accumulated 134,442 shares. New York-based Euclidean Tech Management Limited Company has invested 0.41% in Cooper Tire & Rubber Company (NYSE:CTB). Hgk Asset Mgmt invested in 15,843 shares. Foundry Prtnrs Ltd Company reported 356,676 shares or 0.38% of all its holdings. Bankshares Of Montreal Can invested in 0% or 3,991 shares. Ubs Asset Mgmt Americas holds 0% in Cooper Tire & Rubber Company (NYSE:CTB) or 40,723 shares. Piedmont Invest Llc has invested 0.01% in Cooper Tire & Rubber Company (NYSE:CTB). State Of Tennessee Treasury Department, Tennessee-based fund reported 35,065 shares. Counselors Of Maryland Ltd reported 1% stake. Blackrock Inc owns 7.05M shares or 0.01% of their US portfolio. Kennedy Capital Management reported 0.3% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB). Vigilant Management Ltd Llc holds 0% or 1,225 shares in its portfolio. Fmr Ltd accumulated 3.08M shares.

How Wolfe Research Currently Rates Cooper Tire (CTB)

The financial firm Wolfe Research has began coverage on Cooper Tire (CTB)‘s stock, rating it Underperform. This was issued to investors and clients in a research note on Tuesday morning.

The stock decreased 4.91% or $1.3903 during the last trading session, reaching $26.9397. About 251,269 shares traded. Cooper Tire & Rubber Company (CTB) has declined 17.14% since October 2, 2017 and is downtrending. It has underperformed by 32.76% the S&P500.

Cooper Tire & Rubber Company, together with its subsidiaries, designs, makes, and markets replacement tires in North America, Latin America, Europe, and Asia. The company has market cap of $1.35 billion. The firm operates through Americas Tire Operations and International Tire Operations divisions. It has a 32.22 P/E ratio. It makes 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.

Cooper Tire & Rubber Company (NYSE:CTB) Institutional Positions Chart

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