The Goodyear Tire & Rubber Company $GT Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lowered its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 74.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,736 shares of the company’s stock after selling 94,240 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Goodyear Tire & Rubber were worth $339,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Fox Run Management L.L.C. raised its position in shares of Goodyear Tire & Rubber by 107.3% during the second quarter. Fox Run Management L.L.C. now owns 53,731 shares of the company’s stock worth $557,000 after purchasing an additional 27,813 shares during the period. Bastion Asset Management Inc. acquired a new stake in Goodyear Tire & Rubber during the 2nd quarter worth about $5,271,000. Pekin Hardy Strauss Inc. acquired a new stake in Goodyear Tire & Rubber during the 2nd quarter worth about $217,000. Savant Capital LLC lifted its stake in Goodyear Tire & Rubber by 19.5% during the second quarter. Savant Capital LLC now owns 20,600 shares of the company’s stock valued at $214,000 after buying an additional 3,355 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of Goodyear Tire & Rubber by 1.9% in the second quarter. State of Michigan Retirement System now owns 68,726 shares of the company’s stock worth $713,000 after buying an additional 1,300 shares during the period. 84.19% of the stock is owned by institutional investors.

Goodyear Tire & Rubber Stock Performance

Shares of GT stock opened at $7.56 on Monday. The firm has a market cap of $2.16 billion, a P/E ratio of 5.32, a PEG ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.15 and a quick ratio of 0.63. The Goodyear Tire & Rubber Company has a fifty-two week low of $6.51 and a fifty-two week high of $12.03. The stock’s 50-day moving average is $7.60 and its two-hundred day moving average is $9.37.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.16 by $0.12. The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Goodyear Tire & Rubber had a return on equity of 3.17% and a net margin of 2.22%.The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GT. BNP Paribas lowered shares of Goodyear Tire & Rubber from a “strong-buy” rating to a “hold” rating in a report on Friday, August 8th. Zacks Research upgraded Goodyear Tire & Rubber from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Citigroup decreased their target price on Goodyear Tire & Rubber from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. dropped their price target on Goodyear Tire & Rubber from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Finally, BNP Paribas Exane restated a “neutral” rating and set a $9.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.36.

Goodyear Tire & Rubber Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.