Huber Capital Management LLC Raises Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Huber Capital Management LLC boosted its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 271.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,200 shares of the company's stock after acquiring an additional 150,700 shares during the quarter. Huber Capital Management LLC owned 0.07% of Goodyear Tire & Rubber worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its position in shares of Goodyear Tire & Rubber by 251.8% in the fourth quarter. Allworth Financial LP now owns 4,274 shares of the company's stock valued at $40,000 after acquiring an additional 3,059 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Goodyear Tire & Rubber during the 3rd quarter valued at about $45,000. Signaturefd LLC raised its position in Goodyear Tire & Rubber by 61.2% during the 4th quarter. Signaturefd LLC now owns 5,259 shares of the company's stock valued at $47,000 after purchasing an additional 1,997 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Goodyear Tire & Rubber during the 4th quarter valued at approximately $54,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Goodyear Tire & Rubber in the 4th quarter worth approximately $79,000. 84.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GT has been the subject of several research analyst reports. TD Cowen assumed coverage on shares of Goodyear Tire & Rubber in a research report on Friday, March 7th. They issued a "buy" rating and a $14.00 target price for the company. StockNews.com upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 target price for the company in a research report on Monday, March 31st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.78.

Goodyear Tire & Rubber Stock Down 2.4 %

GT traded down $0.22 during midday trading on Tuesday, reaching $8.61. The company's stock had a trading volume of 3,781,618 shares, compared to its average volume of 4,866,580. The Goodyear Tire & Rubber Company has a 1 year low of $7.27 and a 1 year high of $13.48. The stock's 50-day moving average is $9.20 and its 200-day moving average is $9.12. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 36.02 and a beta of 1.49. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. As a group, research analysts expect that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

About Goodyear Tire & Rubber

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.