SG Americas Securities LLC Sells 412,672 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

SG Americas Securities LLC decreased its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 86.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,308 shares of the company's stock after selling 412,672 shares during the quarter. SG Americas Securities LLC's holdings in Goodyear Tire & Rubber were worth $561,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fidelity D & D Bancorp Inc. lifted its holdings in Goodyear Tire & Rubber by 3.2% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company's stock worth $283,000 after buying an additional 1,000 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Goodyear Tire & Rubber by 4.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company's stock valued at $306,000 after purchasing an additional 1,434 shares during the period. Pin Oak Investment Advisors Inc. raised its holdings in Goodyear Tire & Rubber by 6.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 38,050 shares of the company's stock worth $336,000 after purchasing an additional 2,195 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Goodyear Tire & Rubber by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 32,866 shares of the company's stock valued at $290,000 after buying an additional 2,245 shares during the period. Finally, Forum Financial Management LP boosted its position in Goodyear Tire & Rubber by 29.4% during the third quarter. Forum Financial Management LP now owns 13,457 shares of the company's stock valued at $119,000 after acquiring an additional 3,058 shares during the last quarter. Institutional investors own 84.19% of the company's stock.

Wall Street Analyst Weigh In

GT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $10.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com lowered Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $13.30.

Goodyear Tire & Rubber Stock Down 0.5 %

Shares of GT stock traded down $0.04 on Tuesday, reaching $8.66. 4,317,931 shares of the company were exchanged, compared to its average volume of 4,696,651. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.14 and a quick ratio of 0.65. The company has a 50-day moving average of $9.36 and a 200-day moving average of $9.04. The company has a market cap of $2.47 billion, a price-to-earnings ratio of -8.33 and a beta of 1.79. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $14.00.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.12. The company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. Goodyear Tire & Rubber's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. Analysts anticipate that The Goodyear Tire & Rubber Company will post 1.05 earnings per share for the current year.

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.