The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,240 shares of the company’s stock after selling 9,056 shares during the period. Mutual of America Capital Management LLC’s holdings in Goodyear Tire & Rubber were worth $2,509,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ancora Advisors LLC boosted its holdings in shares of Goodyear Tire & Rubber by 71.4% in the 1st quarter. Ancora Advisors LLC now owns 2,400 shares of the company’s stock valued at $26,000 after buying an additional 1,000 shares during the period. First Manhattan Co. acquired a new position in shares of Goodyear Tire & Rubber in the 4th quarter valued at about $31,000. Headinvest LLC acquired a new position in shares of Goodyear Tire & Rubber in the 3rd quarter valued at about $34,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Goodyear Tire & Rubber by 27.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,018 shares of the company’s stock valued at $44,000 after buying an additional 862 shares during the period. Finally, CWM LLC boosted its holdings in shares of Goodyear Tire & Rubber by 26.4% in the 3rd quarter. CWM LLC now owns 4,644 shares of the company’s stock valued at $58,000 after buying an additional 971 shares during the period. 84.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Goodyear Tire & Rubber Trading Up 1.5 %

Goodyear Tire & Rubber stock opened at $11.88 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.07 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $12.55 and a two-hundred day moving average price of $13.16. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -4.93 and a beta of 1.85. The Goodyear Tire & Rubber Company has a 52-week low of $10.12 and a 52-week high of $16.50.

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

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.