MYDA Advisors LLC Purchases New Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

MYDA Advisors LLC bought a new position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 48,700 shares of the company's stock, valued at approximately $438,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in Goodyear Tire & Rubber by 251.8% during the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Goodyear Tire & Rubber during the third quarter worth approximately $45,000. Signaturefd LLC grew its position in Goodyear Tire & Rubber by 61.2% during the fourth quarter. Signaturefd LLC now owns 5,259 shares of the company's stock valued at $47,000 after purchasing an additional 1,997 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Goodyear Tire & Rubber in the 4th quarter valued at approximately $54,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Goodyear Tire & Rubber in the 4th quarter valued at approximately $79,000. Institutional investors and hedge funds own 84.19% of the company's stock.

Goodyear Tire & Rubber Stock Performance

GT traded up $0.25 on Wednesday, hitting $10.70. The company had a trading volume of 5,898,616 shares, compared to its average volume of 5,070,595. The Goodyear Tire & Rubber Company has a 1-year low of $7.27 and a 1-year 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 company's fifty day moving average price is $9.45 and its 200 day moving average price is $9.22. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 44.59 and a beta of 1.49.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.91 billion. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. Equities analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Goodyear Tire & Rubber Company Profile

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.