The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Sold by Aviso Wealth Management

Aviso Wealth Management decreased its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 38.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,753 shares of the company’s stock after selling 45,533 shares during the quarter. Aviso Wealth Management’s holdings in Goodyear Tire & Rubber were worth $635,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in 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 valued at $42,051,000 after purchasing an additional 4,633,368 shares during the period. National Bank of Canada FI boosted its position in Goodyear Tire & Rubber by 2,944.7% during the 1st quarter. National Bank of Canada FI now owns 1,666,708 shares of the company’s stock valued at $21,600,000 after purchasing an additional 1,611,966 shares during the period. AQR Capital Management LLC boosted its position in Goodyear Tire & Rubber by 91.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,536,252 shares of the company’s stock valued at $28,203,000 after purchasing an additional 1,211,519 shares during the period. American Century Companies Inc. boosted its position in Goodyear Tire & Rubber by 16.2% during the 2nd quarter. American Century Companies Inc. now owns 7,257,765 shares of the company’s stock valued at $82,376,000 after purchasing an additional 1,013,550 shares during the period. Finally, Vanguard Group Inc. boosted its position in Goodyear Tire & Rubber by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 29,867,596 shares of the company’s stock valued at $410,082,000 after purchasing an additional 765,529 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber Trading Down 0.6 %

Shares of GT stock opened at $9.27 on Monday. 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 Goodyear Tire & Rubber Company has a 1 year low of $7.27 and a 1 year high of $15.24. The stock has a fifty day moving average of $8.50 and a two-hundred day moving average of $10.06. The firm has a market capitalization of $2.64 billion, a PE ratio of -8.91 and a beta of 1.69.

Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, research analysts expect that The Goodyear Tire & Rubber Company will post 1.08 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GT. Wolfe Research lowered Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. StockNews.com lowered Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research 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.