WINTON GROUP Ltd Acquires New Position in The Goodyear Tire & Rubber Company $GT

WINTON GROUP Ltd acquired a new stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 95,400 shares of the company’s stock, valued at approximately $836,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Wealth acquired a new position in Goodyear Tire & Rubber in the third quarter worth approximately $25,000. Hantz Financial Services Inc. increased its holdings in Goodyear Tire & Rubber by 384.8% in the third quarter. Hantz Financial Services Inc. now owns 5,289 shares of the company’s stock worth $40,000 after buying an additional 4,198 shares during the last quarter. Parallel Advisors LLC grew its holdings in Goodyear Tire & Rubber by 55.5% during the fourth quarter. Parallel Advisors LLC now owns 7,114 shares of the company’s stock valued at $62,000 after purchasing an additional 2,538 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Goodyear Tire & Rubber by 29.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 7,749 shares of the company’s stock valued at $68,000 after purchasing an additional 1,749 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Goodyear Tire & Rubber by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 8,063 shares of the company’s stock valued at $71,000 after purchasing an additional 3,605 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $10.00 price target on shares of Goodyear Tire & Rubber in a research report on Monday, May 11th. Citigroup dropped their price target 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. Weiss Ratings reissued a “sell (d)” rating on shares of Goodyear Tire & Rubber in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 price target (down from $9.00) on shares of Goodyear Tire & Rubber in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $8.54.

Goodyear Tire & Rubber Trading Up 1.7%

Shares of NASDAQ GT opened at $5.90 on Wednesday. The business’s 50 day moving average is $6.44 and its two-hundred day moving average is $7.82. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.04 and a quick ratio of 0.51. The Goodyear Tire & Rubber Company has a 1-year low of $5.43 and a 1-year high of $12.03. The stock has a market capitalization of $1.70 billion, a P/E ratio of -0.81 and a beta of 1.12.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.05. Goodyear Tire & Rubber had a positive return on equity of 0.93% and a negative net margin of 11.64%.The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, research analysts expect that The Goodyear Tire & Rubber Company will post -0.27 EPS for the current year.

Goodyear Tire & Rubber 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.