Landscape Capital Management L.L.C. Sells 71,940 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Landscape Capital Management L.L.C. lessened its position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 50.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 70,850 shares of the company's stock after selling 71,940 shares during the period. Landscape Capital Management L.L.C.'s holdings in Goodyear Tire & Rubber were worth $638,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in shares of Goodyear Tire & Rubber by 28.1% in the third quarter. FMR LLC now owns 842,822 shares of the company's stock worth $7,459,000 after purchasing an additional 184,770 shares during the last quarter. HighTower Advisors LLC purchased a new position in Goodyear Tire & Rubber in the third quarter valued at about $253,000. Point72 Asset Management L.P. lifted its stake in Goodyear Tire & Rubber by 37.6% in the third quarter. Point72 Asset Management L.P. now owns 1,029,677 shares of the company's stock valued at $9,113,000 after purchasing an additional 281,449 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Goodyear Tire & Rubber during the 3rd quarter valued at $173,000. Finally, Kovitz Investment Group Partners LLC boosted its position in Goodyear Tire & Rubber by 173.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 414,439 shares of the company's stock worth $3,661,000 after purchasing an additional 262,886 shares during the period. Institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Trading Up 6.7 %

Shares of Goodyear Tire & Rubber stock traded up $0.61 on Friday, hitting $9.67. The stock had a trading volume of 8,099,460 shares, compared to its average volume of 4,998,661. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $13.26. The stock's 50-day simple moving average is $9.23 and its two-hundred day simple moving average is $9.15. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 40.29 and a beta of 1.49.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GT shares. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price target for the company in a research report on Tuesday, February 18th. TD Cowen initiated coverage on shares of Goodyear Tire & Rubber in a research report on Friday, March 7th. They set a "buy" rating and a $14.00 target price for the company. StockNews.com upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $13.78.

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.