The Goodyear Tire & Rubber Company (NASDAQ:GT) Holdings Decreased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. trimmed its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 17.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,637 shares of the company’s stock after selling 2,911 shares during the period. Coldstream Capital Management Inc.’s holdings in Goodyear Tire & Rubber were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Goodyear Tire & Rubber by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company’s stock worth $62,438,000 after purchasing an additional 86,227 shares during the last quarter. M&T Bank Corp bought a new stake in Goodyear Tire & Rubber in the third quarter worth $393,000. Barclays PLC increased its position in Goodyear Tire & Rubber by 158.6% during the third quarter. Barclays PLC now owns 975,634 shares of the company’s stock worth $8,635,000 after buying an additional 598,330 shares during the last quarter. MML Investors Services LLC raised its holdings in Goodyear Tire & Rubber by 75.1% during the third quarter. MML Investors Services LLC now owns 381,539 shares of the company’s stock valued at $3,377,000 after buying an additional 163,693 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Goodyear Tire & Rubber by 173.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 414,439 shares of the company’s stock worth $3,661,000 after buying an additional 262,886 shares during the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on GT shares. Wolfe Research lowered Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Goodyear Tire & Rubber Stock Performance

NASDAQ:GT opened at $9.23 on Wednesday. The firm has a market capitalization of $2.63 billion, a PE ratio of -8.88 and a beta of 1.77. 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 12-month low of $7.27 and a 12-month high of $14.97. The firm has a 50-day moving average price of $9.31 and a 200 day moving average price of $9.67.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.25 by $0.12. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. Research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current fiscal year.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.