Mutual Advisors LLC Has $356,000 Stake in The Goodyear Tire & Rubber Company $GT

Mutual Advisors LLC trimmed its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 49.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 49,955 shares of the company’s stock after selling 49,378 shares during the period. Mutual Advisors LLC’s holdings in Goodyear Tire & Rubber were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Solstein Capital LLC acquired a new position in shares of Goodyear Tire & Rubber during the 2nd quarter worth $26,000. Ameritas Advisory Services LLC bought a new position in Goodyear Tire & Rubber during the second quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Goodyear Tire & Rubber by 3,894.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,796 shares of the company’s stock valued at $29,000 after purchasing an additional 2,726 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Goodyear Tire & Rubber during the 2nd quarter worth approximately $31,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of Goodyear Tire & Rubber in the 3rd quarter valued at about $47,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GT shares. Zacks Research upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of Goodyear Tire & Rubber from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Goodyear Tire & Rubber in a report on Monday, December 29th. Morgan Stanley raised their price objective on Goodyear Tire & Rubber from $6.88 to $7.30 and gave the company an “underweight” rating in a report on Friday, November 28th. Finally, Citigroup decreased their price objective on Goodyear Tire & Rubber from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Goodyear Tire & Rubber currently has an average rating of “Moderate Buy” and a consensus price target of $10.85.

Goodyear Tire & Rubber Stock Performance

Shares of GT opened at $10.54 on Friday. The business has a fifty day moving average of $9.10 and a 200 day moving average of $8.52. The Goodyear Tire & Rubber Company has a one year low of $6.51 and a one year high of $12.03. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.27 and a quick ratio of 0.71. The firm has a market capitalization of $3.02 billion, a P/E ratio of -1.73, a PEG ratio of 0.79 and a beta of 1.18.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.

Goodyear’s core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.