Landscape Capital Management L.L.C. Acquires 58,526 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Landscape Capital Management L.L.C. boosted its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 69.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,790 shares of the company's stock after buying an additional 58,526 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.05% of Goodyear Tire & Rubber worth $1,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in shares of Goodyear Tire & Rubber by 3,921.7% during the 3rd quarter. Victory Capital Management Inc. now owns 4,751,514 shares of the company's stock worth $42,051,000 after purchasing an additional 4,633,368 shares during the last quarter. AQR Capital Management LLC grew its stake in Goodyear Tire & Rubber by 91.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,536,252 shares of the company's stock valued at $28,203,000 after buying an additional 1,211,519 shares during the last quarter. American Century Companies Inc. grew its position in Goodyear Tire & Rubber by 16.2% in the 2nd quarter. American Century Companies Inc. now owns 7,257,765 shares of the company's stock worth $82,376,000 after purchasing an additional 1,013,550 shares during the last quarter. Vanguard Group Inc. grew its position in Goodyear Tire & Rubber by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 29,867,596 shares of the company's stock worth $410,082,000 after purchasing an additional 765,529 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Goodyear Tire & Rubber in the 2nd quarter worth $8,492,000. Hedge funds and other institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Price Performance

Goodyear Tire & Rubber stock traded up $0.42 during trading on Friday, hitting $9.71. The stock had a trading volume of 4,165,281 shares, compared to its average volume of 5,351,269. The Goodyear Tire & Rubber Company has a 1 year low of $7.27 and a 1 year high of $15.24. 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 stock's 50 day moving average is $8.62 and its two-hundred day moving average is $10.00.

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, topping the consensus estimate of $0.25 by $0.12. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The business's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. Analysts predict that The Goodyear Tire & Rubber Company will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several 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 report on Wednesday, November 13th. Wolfe Research downgraded Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a report 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.