FINDLAY, OH -- Cooper Tire & Rubber Co.’s largest single stock owner, Shapiro Capital Management LLC, cut its stake in the Findlay, OH-tire company by some 73 percent.
The sell off reportedly occurred in the third quarter of this year.
As of Sept. 30, Shapiro held 3 percent of all of Cooper’s outstanding shares – 1.87 million shares, down from 7.01 million four months earlier. Shapiro is now the 17th largest Cooper shareholder.
