SG Americas Securities LLC Has $619,000 Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

SG Americas Securities LLC cut its holdings in shares of The Goodyear Tire & Rubber Company (NASDAQ:GTGet Rating) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,331 shares of the company’s stock after selling 4,461 shares during the period. SG Americas Securities LLC’s holdings in Goodyear Tire & Rubber were worth $619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in Goodyear Tire & Rubber by 94.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 34,395 shares of the company’s stock worth $491,000 after acquiring an additional 16,701 shares during the period. US Bancorp DE boosted its stake in Goodyear Tire & Rubber by 10.3% during the 1st quarter. US Bancorp DE now owns 15,225 shares of the company’s stock valued at $217,000 after purchasing an additional 1,418 shares during the last quarter. Citigroup Inc. lifted its position in shares of Goodyear Tire & Rubber by 14.2% during the 1st quarter. Citigroup Inc. now owns 259,007 shares of the company’s stock worth $3,702,000 after buying an additional 32,111 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Goodyear Tire & Rubber by 35.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 33,421 shares of the company’s stock worth $479,000 after buying an additional 8,670 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Goodyear Tire & Rubber by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 102,976 shares of the company’s stock worth $1,472,000 after buying an additional 9,818 shares in the last quarter. 79.34% of the stock is currently owned by institutional investors.

Goodyear Tire & Rubber Stock Up 3.2 %

Shares of Goodyear Tire & Rubber stock opened at $11.46 on Monday. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 3.82 and a beta of 1.85. The company’s 50 day moving average is $10.84 and its 200 day moving average is $11.77. The Goodyear Tire & Rubber Company has a twelve month low of $9.66 and a twelve month high of $22.66. The company has a quick ratio of 0.68, a current ratio of 1.33 and a debt-to-equity ratio of 1.49.

Goodyear Tire & Rubber (NASDAQ:GTGet Rating) last released its quarterly earnings results on Monday, October 31st. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.21). Goodyear Tire & Rubber had a return on equity of 9.74% and a net margin of 4.19%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.4 EPS for the current year.

Analyst Ratings Changes

GT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Goodyear Tire & Rubber in a report on Thursday. They issued a “sell” rating on the stock. Citigroup reduced their price target on shares of Goodyear Tire & Rubber from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, November 2nd. StockNews.com lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Finally, Argus lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Tuesday, November 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.19.

About Goodyear Tire & Rubber

(Get Rating)

Goodyear Tire & Rubber Co engages in the development, manufactures, distribution, and sale of tires. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications.

Further Reading

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Institutional Ownership by Quarter for Goodyear Tire & Rubber (NASDAQ:GT)

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