Cooper Tire & Rubr Co (CTB) Holder Nuveen Asset Management Lifted Its Holding; Sprott Focus Trust (FUND) Stock Value Declined While City Of London Investment Management Co LTD Upped Its Position

April 21, 2018 - By Darrin Black

Cooper Tire & Rubber Company (NYSE:CTB) Logo

City Of London Investment Management Co Ltd increased its stake in Sprott Focus Trust (FUND) by 23.93% based on its latest 2017Q4 regulatory filing with the SEC. City Of London Investment Management Co Ltd bought 204,844 shares as the company’s stock declined 0.38% with the market. The institutional investor held 1.06M shares of the consumer services company at the end of 2017Q4, valued at $8.41M, up from 856,165 at the end of the previous reported quarter. City Of London Investment Management Co Ltd who had been investing in Sprott Focus Trust for a number of months, seems to be bullish on the $187.93 million market cap company. The stock decreased 0.06% or $0.01 during the last trading session, reaching $7.83. About 34,540 shares traded. Sprott Focus Trust, Inc. – Clos (NASDAQ:FUND) has risen 7.41% since April 21, 2017 and is uptrending. It has underperformed by 4.14% the S&P500.

Nuveen Asset Management Llc increased its stake in Cooper Tire & Rubr Co (CTB) by 19.89% based on its latest 2017Q4 regulatory filing with the SEC. Nuveen Asset Management Llc bought 169,900 shares as the company’s stock declined 18.77% with the market. The institutional investor held 1.02M shares of the automotive aftermarket company at the end of 2017Q4, valued at $36.20 million, up from 854,203 at the end of the previous reported quarter. Nuveen Asset Management Llc who had been investing in Cooper Tire & Rubr Co for a number of months, seems to be bullish on the $1.41B market cap company. It closed at $27.8 lastly. It is down 33.79% since April 21, 2017 and is downtrending. It has underperformed by 45.34% the S&P500.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.24, from 0.81 in 2017Q3. It increased, as 23 investors sold CTB shares while 71 reduced holdings. 32 funds opened positions while 67 raised stakes. 49.17 million shares or 4.62% less from 51.55 million shares in 2017Q3 were reported. Louisiana State Employees Retirement Systems stated it has 13,000 shares or 0.02% of all its holdings. Texas Permanent School Fund stated it has 0.02% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB). Moreover, Sei has 0% invested in Cooper Tire & Rubber Company (NYSE:CTB) for 10,571 shares. Mutual Of America Mngmt Limited Liability Company has invested 0.07% in Cooper Tire & Rubber Company (NYSE:CTB). Amalgamated Bank has 7,411 shares for 0.01% of their portfolio. Hodges Mngmt holds 1.59% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB) for 612,831 shares. Capital Inv Counsel Incorporated has 0.23% invested in Cooper Tire & Rubber Company (NYSE:CTB). Wilen Inv Management, a Florida-based fund reported 37,240 shares. Ubs Asset Americas Inc has 0% invested in Cooper Tire & Rubber Company (NYSE:CTB) for 44,481 shares. Price T Rowe Assocs Md, a Maryland-based fund reported 31,249 shares. Schwab Charles Invest Mgmt Incorporated reported 0.01% stake. Weaver C Barksdale Assocs invested in 465 shares or 0.02% of the stock. Ameriprise reported 0.01% in Cooper Tire & Rubber Company (NYSE:CTB). Hotchkis And Wiley Ltd has 0.01% invested in Cooper Tire & Rubber Company (NYSE:CTB) for 47,156 shares. Loomis Sayles And Ltd Partnership reported 0.01% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB).

Among 9 analysts covering Cooper Tire (NYSE:CTB), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Cooper Tire had 34 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Northcoast given on Wednesday, January 10. The firm has “Buy” rating given on Friday, May 27 by Standpoint Research. The rating was downgraded by Standpoint Research on Friday, October 7 to “Hold”. The firm earned “Overweight” rating on Wednesday, February 21 by JP Morgan. Deutsche Bank maintained the shares of CTB in report on Friday, August 7 with “Hold” rating. Jefferies maintained Cooper Tire & Rubber Company (NYSE:CTB) on Monday, August 7 with “Hold” rating. The stock of Cooper Tire & Rubber Company (NYSE:CTB) earned “Neutral” rating by JP Morgan on Wednesday, February 24. The firm earned “Hold” rating on Friday, September 8 by Jefferies. The rating was reinitiated by KeyBanc Capital Markets with “Overweight” on Wednesday, November 16. Jefferies initiated the stock with “Hold” rating in Tuesday, October 20 report.

Since March 9, 2018, it had 1 buy, and 0 selling transactions for $48,443 activity.

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

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