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As Cooper Tire & Rubber (CTB) Market Value Declined, Holder Salem Capital Management Has Lifted Its Stake; California Public Employees Retirement System Lifted Position in Visa (V) by $8.43 Million as Share Value Rose

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Salem Capital Management Inc increased its stake in Cooper Tire & Rubber (CTB) by 22.95% based on its latest 2017Q4 regulatory filing with the SEC. Salem Capital Management Inc bought 19,478 shares as the company’s stock declined 18.77% with the market. The institutional investor held 104,350 shares of the automotive aftermarket company at the end of 2017Q4, valued at $3.69M, up from 84,872 at the end of the previous reported quarter. Salem Capital Management Inc who had been investing in Cooper Tire & Rubber for a number of months, seems to be bullish on the $1.52 billion market cap company. The stock increased 1.62% or $0.475 during the last trading session, reaching $29.775. About 114,528 shares traded. Cooper Tire & Rubber Company (NYSE:CTB) has declined 33.79% since April 10, 2017 and is downtrending. It has underperformed by 45.34% the S&P500.

California Public Employees Retirement System increased its stake in Visa Inc (V) by 1.73% based on its latest 2017Q4 regulatory filing with the SEC. California Public Employees Retirement System bought 73,944 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 4.35 million shares of the business services company at the end of 2017Q4, valued at $495.92M, up from 4.28 million at the end of the previous reported quarter. California Public Employees Retirement System who had been investing in Visa Inc for a number of months, seems to be bullish on the $272.88B market cap company. The stock increased 1.78% or $2.12 during the last trading session, reaching $120.91. About 1.98M shares traded. Visa Inc. (NYSE:V) has risen 31.98% since April 10, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.05, from 1 in 2017Q3. It is positive, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Confluence Wealth Ltd Llc owns 0.39% invested in Visa Inc. (NYSE:V) for 7,245 shares. The Missouri-based Smith Moore And has invested 0.23% in Visa Inc. (NYSE:V). Sfmg Ltd Liability Com holds 11,555 shares. 25,463 were accumulated by Wellington Shields Capital Limited Liability Company. Commonwealth Bancshares Of Australia reported 93,949 shares stake. Nomura owns 0.05% invested in Visa Inc. (NYSE:V) for 223,161 shares. Berkshire Hathaway reported 0.63% of its portfolio in Visa Inc. (NYSE:V). 167,743 were accumulated by Tower Bridge Advsrs. Lumbard & Kellner Ltd Liability has invested 0.17% in Visa Inc. (NYSE:V). 343,109 are owned by Fifth Third Fincl Bank. Shelton Cap Mgmt holds 0.17% or 23,050 shares. Ghp Investment Advsrs holds 12,545 shares or 0.2% of its portfolio. Farmers Merchants reported 95,603 shares. The Tennessee-based Chickasaw Capital Ltd Liability Corp has invested 0.12% in Visa Inc. (NYSE:V). 683,722 were reported by Clal Ins Enterp Holding Ltd.

Since December 13, 2017, it had 0 buys, and 3 sales for $6.56 million activity. MATSCHULLAT ROBERT W sold $707,561 worth of Visa Inc. (NYSE:V) on Wednesday, December 13. $205,440 worth of Visa Inc. (NYSE:V) shares were sold by Biggar Lynne.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, October 2 the stock rating was maintained by Robert W. Baird with “Outperform”. The company was initiated on Thursday, September 28 by Cantor Fitzgerald. Jefferies maintained the shares of V in report on Monday, October 30 with “Buy” rating. The firm has “Overweight” rating by PiperJaffray given on Friday, February 2. Stephens maintained Visa Inc. (NYSE:V) rating on Friday, February 2. Stephens has “Buy” rating and $137.0 target. On Wednesday, October 11 the stock rating was maintained by Cowen & Co with “Buy”. As per Thursday, January 18, the company rating was maintained by Piper Jaffray. On Tuesday, October 3 the stock rating was downgraded by Credit Suisse to “Hold”. The rating was initiated by Guggenheim on Thursday, October 8 with “Buy”. On Friday, February 2 the stock rating was maintained by Mizuho with “Buy”.

California Public Employees Retirement System, which manages about $73.97 billion US Long portfolio, decreased its stake in Towne Bank (NASDAQ:TOWN) by 32,765 shares to 107,894 shares, valued at $3.32M in 2017Q4, according to the filing. It also reduced its holding in Suntrust Banks Inc (NYSE:STI) by 39,322 shares in the quarter, leaving it with 1.51 million shares, and cut its stake in Ingersoll Rand Plc (NYSE:IR).

Among 9 analysts covering Cooper Tire (NYSE:CTB), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Cooper Tire had 33 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Cooper Tire & Rubber Company (NYSE:CTB) earned “Buy” rating by Northcoast on Wednesday, January 10. Jefferies maintained the stock with “Hold” rating in Monday, August 7 report. The rating was maintained by Goldman Sachs on Tuesday, May 3 with “Neutral”. The firm has “Hold” rating by Jefferies given on Wednesday, October 11. The company was maintained on Wednesday, February 21 by JP Morgan. Deutsche Bank maintained Cooper Tire & Rubber Company (NYSE:CTB) on Friday, August 7 with “Hold” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, April 7. The stock has “Hold” rating by Standpoint Research on Friday, October 7. JP Morgan maintained it with “Neutral” rating and $47 target in Monday, May 2 report. The stock of Cooper Tire & Rubber Company (NYSE:CTB) earned “Buy” rating by FBR Capital on Monday, December 11.

Salem Capital Management Inc, which manages about $369.02 million and $196.61 million US Long portfolio, decreased its stake in Abbott Laboratories (NYSE:ABT) by 5,324 shares to 25,845 shares, valued at $1.48M in 2017Q4, according to the filing. It also reduced its holding in Microsoft (NASDAQ:MSFT) by 10,940 shares in the quarter, leaving it with 118,419 shares, and cut its stake in Intel (NASDAQ:INTC).

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

Investors sentiment increased to 1.05 in 2017 Q4. 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. Cubist Systematic Strategies Limited Co has 15,740 shares. Brandywine Global Ltd Liability Corporation holds 147,215 shares or 0.03% of its portfolio. State Street Corporation reported 0.01% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB). Jpmorgan Chase And owns 0% invested in Cooper Tire & Rubber Company (NYSE:CTB) for 34,215 shares. Amg Funds Llc accumulated 51,347 shares. Manufacturers Life The holds 0% or 121,780 shares. Franklin Resource owns 0% invested in Cooper Tire & Rubber Company (NYSE:CTB) for 129,324 shares. Stratos Wealth Ltd accumulated 3,296 shares. New York State Common Retirement Fund holds 0% in Cooper Tire & Rubber Company (NYSE:CTB) or 58,600 shares. Price T Rowe Assoc Md holds 0% or 31,249 shares. Engineers Gate Manager Limited Partnership stated it has 0.06% in Cooper Tire & Rubber Company (NYSE:CTB). Salem Capital Mngmt reported 104,350 shares or 1.88% of all its holdings. Boston Prtn, a Massachusetts-based fund reported 427,003 shares. Moreover, Kbc Nv has 0.01% invested in Cooper Tire & Rubber Company (NYSE:CTB). Retail Bank Of America Corp De invested in 269,839 shares or 0% of the stock.

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

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