BW Gestao de Investimentos Ltda. Has $2.34 Million Holdings in The Goodyear Tire & Rubber Company $GT

BW Gestao de Investimentos Ltda. decreased its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 87.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 266,801 shares of the company’s stock after selling 1,901,635 shares during the quarter. BW Gestao de Investimentos Ltda. owned approximately 0.09% of Goodyear Tire & Rubber worth $2,337,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GT. Focus Partners Wealth acquired a new position in Goodyear Tire & Rubber during the third quarter worth $25,000. Hantz Financial Services Inc. raised its position in Goodyear Tire & Rubber by 384.8% during the third quarter. Hantz Financial Services Inc. now owns 5,289 shares of the company’s stock worth $40,000 after acquiring an additional 4,198 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in Goodyear Tire & Rubber by 29.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 7,749 shares of the company’s stock worth $68,000 after acquiring an additional 1,749 shares in the last quarter. GAMMA Investing LLC raised its position in Goodyear Tire & Rubber by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 8,063 shares of the company’s stock worth $71,000 after acquiring an additional 3,605 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in Goodyear Tire & Rubber during the third quarter worth $80,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber Price Performance

NASDAQ:GT opened at $5.90 on Wednesday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -0.81 and a beta of 1.12. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.51 and a current ratio of 1.04. The Goodyear Tire & Rubber Company has a 52 week low of $5.43 and a 52 week high of $12.03. The firm’s 50-day simple moving average is $6.52 and its 200 day simple moving average is $7.90.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.05. Goodyear Tire & Rubber had a negative net margin of 11.64% and a positive return on equity of 0.93%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, sell-side analysts predict that The Goodyear Tire & Rubber Company will post -0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GT. Zacks Research lowered shares of Goodyear Tire & Rubber from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. TD Cowen dropped their price objective on shares of Goodyear Tire & Rubber from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Citigroup dropped their price objective on shares of Goodyear Tire & Rubber from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 price objective (down from $9.00) on shares of Goodyear Tire & Rubber in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $8.54.

Goodyear Tire & Rubber Company Profile

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.