The Goodyear Tire & Rubber Company $GT Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC decreased its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 49.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,955 shares of the company’s stock after selling 49,378 shares during the period. Mutual Advisors LLC’s holdings in Goodyear Tire & Rubber were worth $356,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Goodyear Tire & Rubber by 7.9% in the second quarter. American Century Companies Inc. now owns 11,640,517 shares of the company’s stock valued at $120,712,000 after purchasing an additional 854,130 shares during the period. Greenvale Capital LLP purchased a new stake in Goodyear Tire & Rubber in the second quarter valued at approximately $106,292,000. Marshall Wace LLP raised its holdings in shares of Goodyear Tire & Rubber by 1,107.5% in the second quarter. Marshall Wace LLP now owns 7,825,605 shares of the company’s stock valued at $81,152,000 after buying an additional 7,177,542 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in shares of Goodyear Tire & Rubber by 215.6% in the second quarter. Maple Rock Capital Partners Inc. now owns 5,561,846 shares of the company’s stock valued at $57,676,000 after acquiring an additional 3,799,383 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Goodyear Tire & Rubber during the 3rd quarter worth approximately $32,301,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Performance

Shares of GT stock opened at $10.54 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 2.29. The Goodyear Tire & Rubber Company has a 1-year low of $6.51 and a 1-year high of $12.03. The stock’s fifty day simple moving average is $9.10 and its 200-day simple moving average is $8.52. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -1.73, a P/E/G ratio of 0.79 and a beta of 1.18.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GT shares. JPMorgan Chase & Co. reduced their price objective on Goodyear Tire & Rubber from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Citigroup lowered their target price on shares of Goodyear Tire & Rubber from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Morgan Stanley boosted their price objective on shares of Goodyear Tire & Rubber from $6.88 to $7.30 and gave the company an “underweight” rating in a research note on Friday, November 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Goodyear Tire & Rubber in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Goodyear Tire & Rubber has an average rating of “Moderate Buy” and a consensus price target of $10.85.

About Goodyear Tire & Rubber

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.