GSA Capital Partners LLP bought a new position in The Goodyear Tire & Rubber Company (NASDAQ:GT – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 92,429 shares of the company’s stock, valued at approximately $610,000.
A number of other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in Goodyear Tire & Rubber by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,021 shares of the company’s stock valued at $177,000 after buying an additional 1,011 shares during the period. Pin Oak Investment Advisors Inc. raised its stake in shares of Goodyear Tire & Rubber by 1.4% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 75,055 shares of the company’s stock valued at $657,000 after buying an additional 1,065 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Goodyear Tire & Rubber by 11.5% during the 4th quarter. Farther Finance Advisors LLC now owns 11,181 shares of the company’s stock worth $98,000 after acquiring an additional 1,152 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Goodyear Tire & Rubber by 1.0% during the 4th quarter. Cetera Investment Advisers now owns 131,568 shares of the company’s stock worth $1,153,000 after acquiring an additional 1,282 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in shares of Goodyear Tire & Rubber by 2.8% during the 4th quarter. Advisory Services Network LLC now owns 56,631 shares of the company’s stock worth $496,000 after acquiring an additional 1,529 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.
Goodyear Tire & Rubber Stock Down 2.5%
Shares of NASDAQ GT opened at $5.84 on Friday. The stock has a market cap of $1.68 billion, a PE ratio of -0.66 and a beta of 1.12. The business has a fifty day moving average of $6.62 and a two-hundred day moving average of $6.98. The Goodyear Tire & Rubber Company has a 52-week low of $5.43 and a 52-week high of $10.62. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.55 and a current ratio of 1.09.
Wall Street Analysts Forecast Growth
GT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 target price (down from $9.00) on shares of Goodyear Tire & Rubber in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their price target on shares of Goodyear Tire & Rubber from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Goodyear Tire & Rubber in a report on Friday, August 7th. Zacks Research upgraded Goodyear Tire & Rubber from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Wall Street Zen raised Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.26.
Get Our Latest Research Report on GT
Goodyear Tire & Rubber Company Profile
The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.
Goodyear’s core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.
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