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

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in GT. Geode Capital Management LLC lifted its stake in shares of Goodyear Tire & Rubber by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company’s stock valued at $62,438,000 after acquiring an additional 86,227 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Goodyear Tire & Rubber by 3,921.7% during the third quarter. Victory Capital Management Inc. now owns 4,751,514 shares of the company’s stock worth $42,051,000 after purchasing an additional 4,633,368 shares during the period. Segall Bryant & Hamill LLC raised its position in shares of Goodyear Tire & Rubber by 13.4% during the third quarter. Segall Bryant & Hamill LLC now owns 4,101,832 shares of the company’s stock worth $36,301,000 after acquiring an additional 484,198 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Goodyear Tire & Rubber by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,532,990 shares of the company’s stock worth $31,267,000 after purchasing an additional 252,960 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Goodyear Tire & Rubber by 30.7% in the 2nd quarter. Millennium Management LLC now owns 2,462,581 shares of the company’s stock worth $27,950,000 after purchasing an additional 578,762 shares during the period. Institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Up 1.8 %

Goodyear Tire & Rubber stock opened at $9.23 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $2.63 billion, a PE ratio of -8.88 and a beta of 1.80. The firm’s fifty day moving average is $9.43 and its 200 day moving average is $9.15. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $14.44.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.96 billion. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, sell-side analysts predict that The Goodyear Tire & Rubber Company will post 1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com lowered Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report 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’s stock. According to MarketBeat.com, Goodyear Tire & Rubber presently has an average rating of “Hold” and a consensus price target of $13.30.

Goodyear Tire & Rubber Company 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.