The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP increased its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 883.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 716,414 shares of the company's stock after buying an additional 643,597 shares during the quarter. Marshall Wace LLP owned 0.25% of Goodyear Tire & Rubber worth $6,448,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PEAK6 LLC acquired a new stake in shares of Goodyear Tire & Rubber in the 4th quarter worth about $290,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Goodyear Tire & Rubber in the fourth quarter worth $349,000. AGP Franklin LLC bought a new stake in shares of Goodyear Tire & Rubber during the fourth quarter valued at about $885,000. Guggenheim Capital LLC increased its holdings in shares of Goodyear Tire & Rubber by 57.4% in the fourth quarter. Guggenheim Capital LLC now owns 58,483 shares of the company's stock worth $526,000 after purchasing an additional 21,327 shares during the period. Finally, Mariner LLC increased its position in shares of Goodyear Tire & Rubber by 27.6% in the fourth quarter. Mariner LLC now owns 32,105 shares of the company's stock worth $289,000 after purchasing an additional 6,942 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Goodyear Tire & Rubber Stock Up 0.6 %

Shares of GT stock traded up $0.07 during trading hours on Monday, reaching $11.01. 3,223,092 shares of the company's stock were exchanged, compared to its average volume of 6,059,391. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $13.26. The stock's 50 day moving average is $9.49 and its 200-day moving average is $9.26. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 45.86 and a beta of 1.49.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.10. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. Analysts predict that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

Goodyear Tire & Rubber 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.