The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 69.5% during the third quarter, Holdings Channel.com reports. The firm 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.’s holdings in Goodyear Tire & Rubber were worth $1,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Intech Investment Management LLC boosted its stake in Goodyear Tire & Rubber by 190.4% during the third quarter. Intech Investment Management LLC now owns 108,621 shares of the company’s stock worth $961,000 after buying an additional 71,217 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Goodyear Tire & Rubber in the 3rd quarter valued at approximately $545,000. Segall Bryant & Hamill LLC raised its position in Goodyear Tire & Rubber by 13.4% in the third quarter. Segall Bryant & Hamill LLC now owns 4,101,832 shares of the company’s stock valued at $36,301,000 after purchasing an additional 484,198 shares during the period. AM Squared Ltd acquired a new position in Goodyear Tire & Rubber during the third quarter worth $92,000. Finally, MQS Management LLC purchased a new position in shares of Goodyear Tire & Rubber during the third quarter worth $132,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on GT shares. StockNews.com lowered Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Wolfe Research lowered shares of Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th.

Goodyear Tire & Rubber Stock Up 4.5 %

Shares of NASDAQ GT opened at $9.71 on Friday. The stock has a market cap of $2.77 billion, a P/E ratio of -9.34 and a beta of 1.69. The business’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $10.00. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $15.24. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51.

Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.96 billion. During the same quarter last year, the company earned $0.36 EPS. Goodyear Tire & Rubber’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts predict that The Goodyear Tire & Rubber Company will post 1.08 EPS for the current fiscal year.

Goodyear Tire & Rubber Company 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.