EMC Capital Management Has $111,000 Stock Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

EMC Capital Management grew its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 432.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,291 shares of the company’s stock after purchasing an additional 9,982 shares during the period. EMC Capital Management’s holdings in Goodyear Tire & Rubber were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC grew its stake in Goodyear Tire & Rubber by 1.2% in the third quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company’s stock valued at $62,438,000 after purchasing an additional 86,227 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Goodyear Tire & Rubber by 3,921.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,751,514 shares of the company’s stock valued at $42,051,000 after buying an additional 4,633,368 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of 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 buying an additional 484,198 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Goodyear Tire & Rubber by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,532,990 shares of the company’s stock worth $31,267,000 after buying an additional 252,960 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Goodyear Tire & Rubber by 30.7% during the second quarter. Millennium Management LLC now owns 2,462,581 shares of the company’s stock worth $27,950,000 after buying an additional 578,762 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Trading Up 1.8 %

Shares of GT stock opened at $9.23 on Friday. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $14.44. The company has a market capitalization of $2.63 billion, a PE ratio of -8.88 and a beta of 1.80. The firm has a 50 day moving average price of $9.43 and a two-hundred day moving average price of $9.15. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the company posted $0.36 EPS. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, analysts predict that The Goodyear Tire & Rubber Company will post 1.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com downgraded shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.30.

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.