Time to Reconsider Cooper Tire & Rubr Company (NYSE:CTB) After More Short Sellers?

January 16, 2018 - By Winifred Garcia

 Time to Reconsider Cooper Tire & Rubr Company (NYSE:CTB) After More Short Sellers?

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.22, from 1.03 in 2017Q2. It fall, as 35 investors sold Cooper Tire & Rubber Company shares while 76 reduced holdings. 21 funds opened positions while 69 raised stakes. 51.55 million shares or 0.86% more from 51.11 million shares in 2017Q2 were reported.
J Goldman & L P stated it has 16,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB) for 2,605 shares. 44,208 were accumulated by Neuberger Berman Gp Limited. Jefferies Group Limited Co holds 0% in Cooper Tire & Rubber Company (NYSE:CTB) or 8 shares. Jane Street Grp Limited Liability Com reported 46,454 shares stake. The New York-based Cipher Lp has invested 0.13% in Cooper Tire & Rubber Company (NYSE:CTB). Ftb Advsrs accumulated 180 shares. Fmr Ltd holds 0.01% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB) for 1.14M shares. Ls Investment Advsrs Ltd Limited Liability Company holds 0.01% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB) for 4,311 shares. Leuthold Group Ltd accumulated 96,674 shares or 0.37% of the stock. Moreover, Citigroup has 0% invested in Cooper Tire & Rubber Company (NYSE:CTB). 683,759 were accumulated by Invesco Limited. The New York-based Dalton Greiner Hartman Maher And Co has invested 0.87% in Cooper Tire & Rubber Company (NYSE:CTB). Millennium Mgmt Limited Liability Com stated it has 1.61M shares or 0.09% of all its holdings. California State Teachers Retirement holds 0.01% or 88,057 shares in its portfolio.

The stock of Cooper Tire & Rubr Company (NYSE:CTB) registered an increase of 2.08% in short interest. CTB’s total short interest was 10.69M shares in January as published by FINRA. Its up 2.08% from 10.47 million shares, reported previously. With 477,900 shares average volume, it will take short sellers 22 days to cover their CTB’s short positions.

The stock increased 0.38% or $0.15 during the last trading session, reaching $39.85. About 533,428 shares traded. Cooper Tire & Rubber Company (NYSE:CTB) has risen 15.20% since January 16, 2017 and is uptrending. It has underperformed by 1.50% 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 $2.04 billion. The firm operates through Americas Tire Operations and International Tire Operations divisions. It has a 10.27 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) Ratings Coverage

Among 8 analysts covering Cooper Tire (NYSE:CTB), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Cooper Tire has $53 highest and $35.0 lowest target. $44.33’s average target is 11.24% above currents $39.85 stock price. Cooper Tire had 29 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Tuesday, November 3. The firm has “Buy” rating given on Friday, January 12 by FBR Capital. The company was maintained on Tuesday, October 31 by Jefferies. Jefferies maintained Cooper Tire & Rubber Company (NYSE:CTB) rating on Friday, September 8. Jefferies has “Hold” rating and $40.0 target. The firm has “Buy” rating by FBR Capital given on Monday, December 11. The rating was upgraded by KeyBanc Capital Markets on Thursday, April 7 to “Overweight”. On Wednesday, April 19 the stock rating was downgraded by Northcoast to “Neutral”. The firm has “Accumulate” rating given on Tuesday, June 20 by Standpoint Research. The firm earned “Hold” rating on Monday, August 7 by Jefferies. On Friday, August 7 the stock rating was maintained by Deutsche Bank with “Hold”.

More news for Cooper Tire & Rubber Company (NYSE:CTB) were recently published by: Seekingalpha.com, which released: “Cooper Tire: Favorable Trends Driving Upside” on January 03, 2018. Businesswire.com‘s article titled: “Cooper Tire Wins Two Global 2017 GOOD DESIGN” and published on December 20, 2017 is yet another important article.

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