Ajo LP Has Decreased Cooper Tire & Rubber (CTB) Stake By $29.44 Million; Brinker International (EAT) Shorts Increased By 7.72%

December 8, 2017 - By Ellis Scott

Brinker International Incorporated (NYSE:EAT) had an increase of 7.72% in short interest. EAT’s SI was 14.34 million shares in December as released by FINRA. Its up 7.72% from 13.31M shares previously. With 1.86 million avg volume, 8 days are for Brinker International Incorporated (NYSE:EAT)’s short sellers to cover EAT’s short positions. The SI to Brinker International Incorporated’s float is 29.68%. The stock decreased 1.13% or $0.42 during the last trading session, reaching $36.89. About 1.45M shares traded. Brinker International, Inc. (NYSE:EAT) has declined 7.85% since December 8, 2016 and is downtrending. It has underperformed by 24.55% the S&P500.

Ajo Lp decreased Cooper Tire & Rubber (CTB) stake by 78.42% reported in 2017Q2 SEC filing. Ajo Lp sold 817,832 shares as Cooper Tire & Rubber (CTB)’s stock declined 11.33%. The Ajo Lp holds 224,998 shares with $8.12 million value, down from 1.04M last quarter. Cooper Tire & Rubber now has $1.82B valuation. The stock decreased 0.98% or $0.35 during the last trading session, reaching $35.45. About 636,903 shares traded or 5.68% up from the average. Cooper Tire & Rubber Company (NYSE:CTB) has risen 15.20% since December 8, 2016 and is uptrending. It has underperformed by 1.50% the S&P500.

Among 8 analysts covering Cooper Tire (NYSE:CTB), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Cooper Tire has $53 highest and $35.0 lowest target. $44.40’s average target is 25.25% above currents $35.45 stock price. Cooper Tire had 26 analyst reports since August 7, 2015 according to SRatingsIntel. Goldman Sachs upgraded Cooper Tire & Rubber Company (NYSE:CTB) on Thursday, February 25 to “Neutral” rating. The firm has “Buy” rating given on Friday, May 27 by Standpoint Research. The firm has “Hold” rating by Jefferies given on Tuesday, October 20. The stock has “Hold” rating by Deutsche Bank on Friday, August 7. The firm has “Hold” rating by Jefferies given on Tuesday, October 31. The company was maintained on Friday, September 8 by Jefferies. As per Wednesday, October 11, the company rating was maintained by Jefferies. The rating was reinitiated by KeyBanc Capital Markets with “Overweight” on Wednesday, November 16. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 7 report. Deutsche Bank maintained the shares of CTB in report on Monday, August 7 with “Hold” rating.

Ajo Lp increased Zoetis (NYSE:ZTS) stake by 1.24M shares to 1.27 million valued at $79.31M in 2017Q2. It also upped Exxonmobil (NYSE:XOM) stake by 1.59 million shares and now owns 6.86 million shares. Synopsys (NASDAQ:SNPS) was raised too.

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.25, from 1.28 in 2017Q1. It turned negative, as 44 investors sold CTB shares while 75 reduced holdings. 43 funds opened positions while 79 raised stakes. 51.11 million shares or 0.66% more from 50.77 million shares in 2017Q1 were reported. Cooper Creek Prns Mngmt Ltd Limited Liability Company owns 150,171 shares. Pennsylvania-based Brandywine Glob Investment Mgmt Limited Co has invested 0.03% in Cooper Tire & Rubber Company (NYSE:CTB). Burney Com reported 0.02% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB). Da Davidson And Commerce has invested 0% in Cooper Tire & Rubber Company (NYSE:CTB). Wilen Inv Mngmt has invested 0.55% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB). Insurance Tx holds 0.04% or 19,000 shares in its portfolio. Morgan Stanley holds 0% in Cooper Tire & Rubber Company (NYSE:CTB) or 163,379 shares. The North Carolina-based Sterling Cap Mngmt Ltd Com has invested 0.15% in Cooper Tire & Rubber Company (NYSE:CTB). Fairpointe Limited Liability Company owns 3.38 million shares. Vident Invest Advisory Limited Liability Co invested in 0.21% or 69,247 shares. Prudential reported 48,150 shares stake. Hancock owns 32,305 shares or 0.05% of their US portfolio. New England And Mngmt reported 6,280 shares. Deprince Race Zollo Inc owns 29,354 shares or 0.02% of their US portfolio. Adams Asset Advisors Ltd holds 0.13% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB) for 23,878 shares.

Brinker International, Inc., together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. The company has market cap of $1.71 billion. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name. It has a 13.33 P/E ratio.

Among 24 analysts covering Brinker (NYSE:EAT), 6 have Buy rating, 2 Sell and 16 Hold. Therefore 25% are positive. Brinker has $94 highest and $34 lowest target. $47.63’s average target is 29.11% above currents $36.89 stock price. Brinker had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Wednesday, October 11 by Stephens. The stock of Brinker International, Inc. (NYSE:EAT) has “Buy” rating given on Tuesday, June 7 by Maxim Group. The stock of Brinker International, Inc. (NYSE:EAT) has “Underperform” rating given on Thursday, January 21 by Bank of America. Maxim Group maintained Brinker International, Inc. (NYSE:EAT) rating on Tuesday, September 12. Maxim Group has “Buy” rating and $49.0 target. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 7 report. The stock of Brinker International, Inc. (NYSE:EAT) earned “Equal-Weight” rating by Barclays Capital on Friday, August 12. The firm has “Overweight” rating by JP Morgan given on Monday, March 14. The rating was maintained by Maxim Group on Wednesday, April 26 with “Buy”. The firm has “Buy” rating by Maxim Group given on Tuesday, April 11. Maxim Group initiated Brinker International, Inc. (NYSE:EAT) rating on Wednesday, September 30. Maxim Group has “Buy” rating and $64 target.

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