Maverick Capital Ltd. acquired a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,095 shares of the company’s stock, valued at approximately $257,000.
Several other hedge funds have also added to or reduced their stakes in GT. Family Firm Inc. acquired a new stake in shares of Goodyear Tire & Rubber in the 2nd quarter valued at about $26,000. Mather Group LLC. raised its stake in shares of Goodyear Tire & Rubber by 4,526.3% in the 2nd quarter. Mather Group LLC. now owns 2,637 shares of the company’s stock valued at $30,000 after purchasing an additional 2,580 shares during the period. Sound Income Strategies LLC raised its stake in shares of Goodyear Tire & Rubber by 2,122.5% in the 3rd quarter. Sound Income Strategies LLC now owns 3,956 shares of the company’s stock valued at $35,000 after purchasing an additional 3,778 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Goodyear Tire & Rubber in the 2nd quarter valued at about $57,000. Finally, Private Trust Co. NA grew its holdings in shares of Goodyear Tire & Rubber by 110.4% in the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock valued at $62,000 after acquiring an additional 3,700 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.
Goodyear Tire & Rubber Trading Up 1.2 %
Goodyear Tire & Rubber stock opened at $10.74 on Monday. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $15.24. 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 stock has a market capitalization of $3.06 billion, a P/E ratio of -10.33 and a beta of 1.69. The stock has a 50-day simple moving average of $8.89 and a 200 day simple moving average of $9.88.
Analyst Ratings Changes
GT has been the subject of several analyst reports. Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. StockNews.com cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.
Check Out Our Latest Research Report on Goodyear Tire & Rubber
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.
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