MML Investors Services LLC Buys 163,693 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

MML Investors Services LLC grew its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 75.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 381,539 shares of the company's stock after purchasing an additional 163,693 shares during the quarter. MML Investors Services LLC owned approximately 0.13% of Goodyear Tire & Rubber worth $3,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GT. Family Firm Inc. purchased a new position in shares of Goodyear Tire & Rubber during the second quarter valued at approximately $26,000. Sound Income Strategies LLC increased its position in Goodyear Tire & Rubber by 2,122.5% during the 3rd quarter. Sound Income Strategies LLC now owns 3,956 shares of the company's stock valued at $35,000 after purchasing an additional 3,778 shares during the period. MUFG Securities EMEA plc bought a new position in Goodyear Tire & Rubber in the 2nd quarter worth $57,000. Private Trust Co. NA lifted its position in shares of Goodyear Tire & Rubber by 110.4% in the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company's stock worth $62,000 after purchasing an additional 3,700 shares during the period. Finally, AM Squared Ltd bought a new stake in shares of Goodyear Tire & Rubber during the 3rd quarter valued at about $92,000. Institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Stock Down 0.4 %

Shares of Goodyear Tire & Rubber stock traded down $0.04 during trading on Friday, hitting $10.03. The company's stock had a trading volume of 2,392,059 shares, compared to its average volume of 4,299,083. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $15.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14. The company has a fifty day simple moving average of $9.27 and a two-hundred day simple moving average of $9.71. The company has a market capitalization of $2.86 billion, a PE ratio of -9.64 and a beta of 1.77.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $4.96 billion. During the same quarter in the prior year, the business earned $0.36 EPS. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. Equities research analysts predict that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GT shares. StockNews.com downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Wolfe Research cut Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 5th.

About Goodyear Tire & Rubber

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.