25 Institutional Investors Seem Overcautious About Cooper Tire & Rubber Company (CTB)

Cooper Tire & Rubber Company (NYSE:CTB) enjoyed a 43.17% run-up in share price since hitting record low of $22.58. The stock managed -3.64% fall and now stands at $32.32 as of 01/15/2019. At recent session, the prices were hovering between $31.11 and $33.67. This company shares are 9.34% off its target price of $35.34 and the current market capitalization stands at $1.63B. The recent change has given its price a -1.03% deficit over SMA 50 and -20.74% deficit over its 52-week high. The stock witnessed 2.67% gains, 36.49% gains and 28.25% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CTB’s volatility during a week at 3.68% and during a month it has been found around 3.56%.

Cooper Tire & Rubber Company (CTB) Top Holders

Institutional investors currently hold around $1.86 billion or 0% in CTB stock. Look at its top three institutional owners. Blackrock Inc. owns $240.99 million in Cooper Tire & Rubber Company, which represents roughly 14.78% of the company’s market cap and approximately 12.99% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 5,010,300 shares of the stock are valued at $168.05 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $142.51 million worth of this stock and that ownership represents nearly 8.74% of its market capitalization.

Cooper Tire & Rubber Company 13F Filings

At the end of September reporting period, 98 institutional holders increased their position in Cooper Tire & Rubber Company (NYSE:CTB) by some 4,463,601 shares, 81 decreased positions by 4,241,272 and 33 held positions by 46,609,836. That puts total institutional holdings at 55,314,709 shares, according to SEC filings. The stock grabbed 23 new institutional investments totaling 1,161,099 shares while 25 institutional investors sold out their entire positions totaling 1,273,951 shares.

Cooper Tire & Rubber Company (NYSE:CTB) Insider Trades

Multiple company employees have indulged in significant insider trading. Cooper Tire & Rubber Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Welding Robert D has acquired 1,500 shares of Cooper Tire & Rubber Company (CTB) in trading session dated Mar. 09, 2018. These shares are worth $48,450 and were traded at $32.3 each. The SEC filing shows that Zamansky Stephen performed a sale of 14,041 shares. The Senior VP, Gen Counsel & Secy disposed these shares by way of transaction on Feb. 28, 2017. The company’s shares were given away at $40.37 per share worth to an income of some $566,835 on account of Zamansky Stephen.

Director, Holland John J, sold 4,000 common shares of Cooper Tire & Rubber Company (CTB) in the open market. In a transaction dated Nov. 16, 2016, the shares were put up for sale at an average price of $37.86, raking in a sum of $151,440. After this sale, 3,748 common shares of CTB are directly owned by the insider, with total stake valued at $121,135.

In the transaction dated Mar. 03, 2016, the great number of shares disposed came courtesy the COB, President & CEO; Armes Roy V disposed a total of 50,000 shares at an average price of $39.39, amounting to approximately $1,969,500. The insider now directly owns 291,447 shares worth $9,419,567.

Cooper Tire & Rubber Company (CTB) Analyst Guide

Several analysts have released their opinion on Cooper Tire & Rubber Company (NYSE:CTB), with 1 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.