Berman Capital Advisors LLC Has $57,000 Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Berman Capital Advisors LLC raised its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 128.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,248 shares of the company’s stock after buying an additional 1,829 shares during the period. Berman Capital Advisors LLC’s holdings in Goodyear Tire & Rubber were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Column Capital Advisors LLC bought a new stake in shares of Goodyear Tire & Rubber during the second quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Goodyear Tire & Rubber during the second quarter valued at approximately $31,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Goodyear Tire & Rubber in the second quarter valued at approximately $33,000. Exchange Traded Concepts LLC boosted its stake in Goodyear Tire & Rubber by 59.5% in the second quarter. Exchange Traded Concepts LLC now owns 1,983 shares of the company’s stock valued at $34,000 after acquiring an additional 740 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new position in Goodyear Tire & Rubber in the second quarter valued at approximately $53,000. 80.87% of the stock is owned by institutional investors.

In other news, insider Stephen R. Mcclellan sold 36,177 shares of Goodyear Tire & Rubber stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $23.36, for a total value of $845,094.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Several research firms have weighed in on GT. Deutsche Bank Aktiengesellschaft increased their target price on shares of Goodyear Tire & Rubber from $25.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday, November 9th. Zacks Investment Research upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Thursday, October 28th. Finally, Morgan Stanley increased their target price on shares of Goodyear Tire & Rubber from $16.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Goodyear Tire & Rubber has an average rating of “Buy” and an average price target of $19.29.

Shares of GT stock opened at $21.84 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.68 and a debt-to-equity ratio of 1.59. The Goodyear Tire & Rubber Company has a 1 year low of $9.95 and a 1 year high of $24.89. The firm’s fifty day moving average price is $19.61 and its two-hundred day moving average price is $18.06. The firm has a market capitalization of $6.14 billion, a P/E ratio of 20.80 and a beta of 2.02.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Friday, November 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.46. Goodyear Tire & Rubber had a net margin of 1.70% and a return on equity of 12.68%. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the previous year, the business earned $0.10 EPS. The company’s revenue was up 42.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.85 EPS for the current fiscal year.

Goodyear Tire & Rubber Profile

Goodyear Tire & Rubber Co engages in the development, manufactures, distribution, and sale of tires. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications.

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Institutional Ownership by Quarter for Goodyear Tire & Rubber (NASDAQ:GT)

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