Mirabella Financial Services LLP Acquires 154,812 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Mirabella Financial Services LLP lifted its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 411.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,420 shares of the company's stock after buying an additional 154,812 shares during the period. Mirabella Financial Services LLP owned about 0.07% of Goodyear Tire & Rubber worth $1,703,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Goodyear Tire & Rubber during the 3rd quarter valued at $122,000. Citigroup Inc. lifted its holdings in shares of Goodyear Tire & Rubber by 66.7% during the third quarter. Citigroup Inc. now owns 491,990 shares of the company's stock worth $4,354,000 after purchasing an additional 196,788 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Goodyear Tire & Rubber by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,532,990 shares of the company's stock worth $31,267,000 after purchasing an additional 252,960 shares during the last quarter. John G Ullman & Associates Inc. increased its holdings in Goodyear Tire & Rubber by 268.9% in the third quarter. John G Ullman & Associates Inc. now owns 65,300 shares of the company's stock valued at $578,000 after purchasing an additional 47,600 shares during the period. Finally, Landscape Capital Management L.L.C. raised its position in Goodyear Tire & Rubber by 69.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 142,790 shares of the company's stock worth $1,264,000 after purchasing an additional 58,526 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GT has been the subject of a number of recent analyst reports. StockNews.com downgraded Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th. Wolfe Research downgraded Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a report on Thursday, September 5th.

Goodyear Tire & Rubber Stock Up 4.3 %

GT stock traded up $0.42 during midday trading on Monday, hitting $10.13. The company's stock had a trading volume of 6,079,150 shares, compared to its average volume of 4,295,737. The Goodyear Tire & Rubber Company has a 12 month low of $7.27 and a 12 month high of $15.24. The firm's 50-day moving average is $8.70 and its 200-day moving average is $9.93. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The company has a market cap of $2.89 billion, a PE ratio of -9.74 and a beta of 1.69.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the business posted $0.36 EPS. Goodyear Tire & Rubber's revenue was down 6.2% on a year-over-year basis. On average, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.08 earnings per share for the current fiscal year.

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 rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.