111 Capital Buys New Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

111 Capital bought a new stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,846 shares of the company’s stock, valued at approximately $197,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH boosted its holdings in Goodyear Tire & Rubber by 282.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 51,688 shares of the company’s stock valued at $465,000 after acquiring an additional 38,170 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Goodyear Tire & Rubber in the fourth quarter valued at $5,269,000. Public Employees Retirement System of Ohio acquired a new position in shares of Goodyear Tire & Rubber during the fourth quarter worth about $1,423,000. GTS Securities LLC lifted its stake in shares of Goodyear Tire & Rubber by 107.4% during the fourth quarter. GTS Securities LLC now owns 10,178 shares of the company’s stock worth $92,000 after purchasing an additional 146,848 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Goodyear Tire & Rubber by 17.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 642,347 shares of the company’s stock worth $5,781,000 after purchasing an additional 93,158 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber Trading Down 0.6%

NASDAQ:GT opened at $11.36 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.55 and a current ratio of 1.04. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $12.58. The business’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $9.66. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 47.34 and a beta of 1.42.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on GT shares. Deutsche Bank Aktiengesellschaft upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Monday, March 31st. Wall Street Zen cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Saturday, May 10th. BNP Paribas upgraded Goodyear Tire & Rubber to a “hold” rating in a research note on Saturday, May 24th. TD Cowen started coverage on Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a “buy” rating and a $14.00 price objective on the stock. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $17.00 price objective (down previously from $18.00) on shares of Goodyear Tire & Rubber in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Goodyear Tire & Rubber presently has an average rating of “Moderate Buy” and an average target price of $14.00.

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.