SG Americas Securities LLC lifted its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT – Free Report) by 53.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 179,849 shares of the company’s stock after acquiring an additional 62,583 shares during the period. SG Americas Securities LLC owned 0.06% of Goodyear Tire & Rubber worth $1,982,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Ancora Advisors LLC grew its position in shares of Goodyear Tire & Rubber by 142.9% during the first quarter. Ancora Advisors LLC now owns 1,700 shares of the company’s stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. First Manhattan Co. acquired a new stake in Goodyear Tire & Rubber in the fourth quarter worth about $31,000. Private Trust Co. NA lifted its holdings in Goodyear Tire & Rubber by 346.7% in the first quarter. Private Trust Co. NA now owns 3,350 shares of the company’s stock worth $37,000 after purchasing an additional 2,600 shares during the period. Byrne Asset Management LLC lifted its holdings in Goodyear Tire & Rubber by 133.3% in the fourth quarter. Byrne Asset Management LLC now owns 4,550 shares of the company’s stock worth $46,000 after purchasing an additional 2,600 shares during the period. Finally, CoreCap Advisors LLC acquired a new stake in Goodyear Tire & Rubber in the fourth quarter worth about $49,000. Institutional investors own 80.82% of the company’s stock.
Goodyear Tire & Rubber Price Performance
NASDAQ GT opened at $15.70 on Friday. The stock’s 50-day moving average price is $14.02 and its two-hundred day moving average price is $12.12. The company has a current ratio of 1.32, a quick ratio of 0.67 and a debt-to-equity ratio of 1.51. The company has a market cap of $4.45 billion, a PE ratio of 785.00 and a beta of 1.75. The Goodyear Tire & Rubber Company has a 1 year low of $9.66 and a 1 year high of $16.13.
Wall Street Analysts Forecast Growth
GT has been the subject of several research analyst reports. BNP Paribas raised shares of Goodyear Tire & Rubber from an “underperform” rating to a “neutral” rating and set a $13.00 price objective for the company in a report on Monday, May 15th. Nomura downgraded shares of Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Wednesday, May 17th. JPMorgan Chase & Co. upped their price target on shares of Goodyear Tire & Rubber from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Goodyear Tire & Rubber from $10.00 to $13.00 in a report on Wednesday, May 24th. Finally, StockNews.com initiated coverage on shares of Goodyear Tire & Rubber in a report on Thursday, May 18th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Goodyear Tire & Rubber has a consensus rating of “Hold” and an average price target of $14.60.
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 tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands.
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