Mirabella Financial Services LLP lowered its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 88.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,342 shares of the company's stock after selling 170,078 shares during the period. Mirabella Financial Services LLP's holdings in Goodyear Tire & Rubber were worth $201,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. MYDA Advisors LLC bought a new position in shares of Goodyear Tire & Rubber during the fourth quarter valued at $438,000. MetLife Investment Management LLC grew its position in shares of Goodyear Tire & Rubber by 9.4% in the 4th quarter. MetLife Investment Management LLC now owns 326,503 shares of the company's stock valued at $2,939,000 after buying an additional 28,040 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Goodyear Tire & Rubber by 27.0% in the fourth quarter. First Trust Advisors LP now owns 408,504 shares of the company's stock valued at $3,677,000 after buying an additional 86,814 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Goodyear Tire & Rubber by 3.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 217,777 shares of the company's stock worth $1,959,000 after acquiring an additional 8,071 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Goodyear Tire & Rubber by 883.9% during the fourth quarter. Marshall Wace LLP now owns 716,414 shares of the company's stock worth $6,448,000 after acquiring an additional 643,597 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.
Goodyear Tire & Rubber Stock Performance
Shares of GT traded up $0.26 during mid-day trading on Thursday, hitting $10.96. The stock had a trading volume of 5,582,949 shares, compared to its average volume of 5,083,619. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $13.26. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 0.55. The business has a fifty day moving average price of $9.48 and a 200-day moving average price of $9.24. The firm has a market cap of $3.12 billion, a P/E ratio of 45.67 and a beta of 1.49.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The business had revenue of $4.95 billion for the quarter, compared to analysts' expectations of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. On average, equities research analysts expect that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.
Wall Street Analyst Weigh In
GT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price target for the company in a report on Monday, March 31st. Argus raised shares of 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. StockNews.com downgraded Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, TD Cowen started coverage on shares of Goodyear Tire & Rubber in a research report on Friday, March 7th. They set a "buy" rating and a $14.00 price target on the stock. Three equities research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.78.
Read Our Latest Stock Analysis on GT
Goodyear Tire & Rubber Profile
(
Free Report)
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.
Recommended Stories
Before you consider Goodyear Tire & Rubber, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Goodyear Tire & Rubber wasn't on the list.
While Goodyear Tire & Rubber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
