The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. decreased its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,878 shares of the company’s stock after selling 3,400 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Goodyear Tire & Rubber were worth $2,576,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GT. Wellington Management Group LLP purchased a new stake in Goodyear Tire & Rubber during the third quarter worth approximately $125,650,000. Electron Capital Partners LLC purchased a new stake in Goodyear Tire & Rubber in the third quarter valued at approximately $51,031,000. One Fin Capital Management LP acquired a new position in shares of Goodyear Tire & Rubber in the third quarter valued at approximately $15,600,000. American Century Companies Inc. increased its holdings in shares of Goodyear Tire & Rubber by 24.9% in the third quarter. American Century Companies Inc. now owns 4,774,601 shares of the company’s stock valued at $59,348,000 after purchasing an additional 953,047 shares during the period. Finally, Barclays PLC increased its holdings in shares of Goodyear Tire & Rubber by 322.4% in the third quarter. Barclays PLC now owns 1,146,756 shares of the company’s stock valued at $14,254,000 after purchasing an additional 875,300 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Price Performance

GT stock traded up $0.33 on Thursday, reaching $12.26. 2,320,221 shares of the company’s stock were exchanged, compared to its average volume of 3,621,741. The stock has a fifty day moving average of $12.48 and a 200-day moving average of $13.16. The Goodyear Tire & Rubber Company has a twelve month low of $10.12 and a twelve month high of $16.50. The firm has a market cap of $3.48 billion, a PE ratio of -4.95 and a beta of 1.86. The company has a quick ratio of 0.55, a current ratio of 1.07 and a debt-to-equity ratio of 1.41.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.11. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. Goodyear Tire & Rubber’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities analysts predict that The Goodyear Tire & Rubber Company will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Goodyear Tire & Rubber presently has a consensus rating of “Moderate Buy” and an average target price of $17.16.

Goodyear Tire & Rubber 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.