Barclays PLC Has $8.64 Million Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Barclays PLC lifted its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 158.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 975,634 shares of the company's stock after acquiring an additional 598,330 shares during the period. Barclays PLC owned approximately 0.34% of Goodyear Tire & Rubber worth $8,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MML Investors Services LLC raised its stake in Goodyear Tire & Rubber by 75.1% during the third quarter. MML Investors Services LLC now owns 381,539 shares of the company's stock worth $3,377,000 after acquiring an additional 163,693 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Goodyear Tire & Rubber by 173.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 414,439 shares of the company's stock valued at $3,661,000 after acquiring an additional 262,886 shares during the last quarter. Whitebox Advisors LLC boosted its holdings in shares of Goodyear Tire & Rubber by 69.5% during the 3rd quarter. Whitebox Advisors LLC now owns 693,028 shares of the company's stock valued at $6,133,000 after acquiring an additional 284,168 shares in the last quarter. Readystate Asset Management LP grew its position in Goodyear Tire & Rubber by 58.2% during the 3rd quarter. Readystate Asset Management LP now owns 1,008,000 shares of the company's stock worth $8,921,000 after acquiring an additional 370,859 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Goodyear Tire & Rubber during the third quarter worth about $173,000. Institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Trading Down 2.5 %

NASDAQ:GT opened at $9.23 on Wednesday. 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 firm has a market cap of $2.63 billion, a P/E ratio of -8.88 and a beta of 1.77. The firm's fifty day moving average is $9.31 and its 200-day moving average is $9.67. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $14.97.

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

Analyst Upgrades and Downgrades

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

Goodyear Tire & Rubber Profile

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.