The Goodyear Tire & Rubber Company (NASDAQ:GT) Holdings Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 467,665 shares of the company’s stock after selling 3,764 shares during the quarter. Leeward Investments LLC MA’s holdings in Goodyear Tire & Rubber were worth $6,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Inspire Investing LLC grew its stake in Goodyear Tire & Rubber by 3.0% in the third quarter. Inspire Investing LLC now owns 28,396 shares of the company’s stock valued at $353,000 after purchasing an additional 818 shares in the last quarter. CWM LLC grew its stake in Goodyear Tire & Rubber by 26.4% in the third quarter. CWM LLC now owns 4,644 shares of the company’s stock valued at $58,000 after purchasing an additional 971 shares in the last quarter. Advisor Partners II LLC grew its stake in Goodyear Tire & Rubber by 8.9% in the third quarter. Advisor Partners II LLC now owns 13,743 shares of the company’s stock valued at $171,000 after purchasing an additional 1,127 shares in the last quarter. Arizona State Retirement System grew its stake in Goodyear Tire & Rubber by 1.4% in the third quarter. Arizona State Retirement System now owns 80,701 shares of the company’s stock valued at $1,003,000 after purchasing an additional 1,138 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Goodyear Tire & Rubber by 3.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 36,041 shares of the company’s stock valued at $448,000 after purchasing an additional 1,277 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Up 0.9 %

Shares of NASDAQ:GT traded up $0.10 on Friday, reaching $11.84. The company had a trading volume of 2,627,125 shares, compared to its average volume of 3,645,757. The Goodyear Tire & Rubber Company has a twelve month low of $10.12 and a twelve month high of $16.50. The stock has a 50-day moving average price of $12.52 and a 200 day moving average price of $13.16. The stock has a market capitalization of $3.36 billion, a P/E ratio of -4.91 and a beta of 1.85. The company has a quick ratio of 0.55, a current ratio of 1.07 and a debt-to-equity ratio of 1.41.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.11. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts expect that The Goodyear Tire & Rubber Company will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.16.

Goodyear Tire & Rubber Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.