Strategic Blueprint LLC Sells 1,895 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Strategic Blueprint LLC lowered its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,039 shares of the company’s stock after selling 1,895 shares during the period. Strategic Blueprint LLC’s holdings in Goodyear Tire & Rubber were worth $117,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. KBC Group NV grew its stake in Goodyear Tire & Rubber by 3,912.0% in the fourth quarter. KBC Group NV now owns 316,186 shares of the company’s stock valued at $2,846,000 after acquiring an additional 308,305 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Goodyear Tire & Rubber during the 4th quarter valued at about $349,000. 180 Wealth Advisors LLC grew its position in shares of Goodyear Tire & Rubber by 96.1% in the 4th quarter. 180 Wealth Advisors LLC now owns 24,120 shares of the company’s stock valued at $217,000 after purchasing an additional 11,823 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Goodyear Tire & Rubber by 4.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company’s stock worth $306,000 after purchasing an additional 1,434 shares in the last quarter. Finally, Fidelity D & D Bancorp Inc. raised its holdings in Goodyear Tire & Rubber by 3.2% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company’s stock worth $283,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GT shares. StockNews.com cut shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 target price on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.30.

Goodyear Tire & Rubber Price Performance

Shares of GT opened at $8.87 on Monday. 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 Goodyear Tire & Rubber Company has a twelve month low of $7.27 and a twelve month high of $14.44. The stock has a market capitalization of $2.53 billion, a P/E ratio of -8.53 and a beta of 1.80. The company has a 50 day moving average of $9.41 and a 200-day moving average of $9.09.

Goodyear Tire & Rubber (NASDAQ:GT) last issued 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 negative net margin of 1.56% and a positive return on equity of 6.66%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period in the previous year, the business earned $0.36 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.05 EPS for the current fiscal year.

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.