Fisher Asset Management LLC Has $46.92 Million Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Fisher Asset Management LLC reduced its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 20.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,276,704 shares of the company's stock after selling 840,540 shares during the period. Fisher Asset Management LLC owned approximately 1.15% of Goodyear Tire & Rubber worth $46,922,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Goodyear Tire & Rubber by 3.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 36,041 shares of the company's stock valued at $448,000 after acquiring an additional 1,277 shares in the last quarter. Birmingham Capital Management Co. Inc. AL lifted its stake in shares of Goodyear Tire & Rubber by 1.8% in the third quarter. Birmingham Capital Management Co. Inc. AL now owns 124,000 shares of the company's stock valued at $1,541,000 after purchasing an additional 2,200 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Goodyear Tire & Rubber in the fourth quarter valued at about $33,000. United Services Automobile Association lifted its stake in shares of Goodyear Tire & Rubber by 11.9% in the fourth quarter. United Services Automobile Association now owns 22,799 shares of the company's stock valued at $326,000 after purchasing an additional 2,416 shares during the period. Finally, Ironwood Investment Management LLC lifted its stake in shares of Goodyear Tire & Rubber by 21.7% in the third quarter. Ironwood Investment Management LLC now owns 14,000 shares of the company's stock valued at $174,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Price Performance

GT traded up $0.03 during midday trading on Monday, reaching $11.53. 1,519,474 shares of the company's stock were exchanged, compared to its average volume of 3,345,817. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.15 and a quick ratio of 0.60. The stock has a market capitalization of $3.28 billion, a PE ratio of -5.10 and a beta of 1.77. The business's 50-day moving average price is $12.28 and its 200 day moving average price is $13.01. The Goodyear Tire & Rubber Company has a 1-year low of $11.26 and a 1-year high of $16.50.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.78 billion. Goodyear Tire & Rubber had a negative net margin of 3.28% and a positive return on equity of 3.41%. The company's revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.29) earnings per share. As a group, equities analysts anticipate that The Goodyear Tire & Rubber Company will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Thursday, May 16th. HSBC cut their target price on shares of Goodyear Tire & Rubber from $16.80 to $15.90 and set a "buy" rating for the company in a research report on Wednesday, May 8th. Finally, Morgan Stanley assumed coverage on shares of Goodyear Tire & Rubber in a research report on Thursday. They set an "equal weight" rating and a $14.00 target price for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.23.

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.