Trexquant Investment LP acquired a new stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 203,280 shares of the company’s stock, valued at approximately $2,911,000.
A number of other institutional investors also recently modified their holdings of GT. Raymond James Financial Services Advisors Inc. lifted its holdings in Goodyear Tire & Rubber by 29.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 31,282 shares of the company’s stock valued at $389,000 after purchasing an additional 7,179 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Goodyear Tire & Rubber by 30.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,641 shares of the company’s stock valued at $182,000 after buying an additional 3,375 shares during the period. Victory Capital Management Inc. lifted its stake in Goodyear Tire & Rubber by 65.4% in the third quarter. Victory Capital Management Inc. now owns 106,950 shares of the company’s stock valued at $1,329,000 after buying an additional 42,296 shares during the period. Arizona State Retirement System raised its position in shares of Goodyear Tire & Rubber by 1.4% during the third quarter. Arizona State Retirement System now owns 80,701 shares of the company’s stock worth $1,003,000 after purchasing an additional 1,138 shares during the period. Finally, Jump Financial LLC bought a new stake in Goodyear Tire & Rubber during the third quarter worth $1,171,000. Institutional investors own 84.19% of the company’s stock.
Goodyear Tire & Rubber Stock Performance
GT stock traded up $0.12 during midday trading on Friday, reaching $12.34. The stock had a trading volume of 1,277,402 shares, compared to its average volume of 3,241,747. The firm has a fifty day simple moving average of $12.66 and a two-hundred day simple moving average of $13.21. The stock has a market cap of $3.51 billion, a PE ratio of -5.46 and a beta of 1.86. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.60 and a current ratio of 1.15. The Goodyear Tire & Rubber Company has a 52-week low of $11.26 and a 52-week high of $16.50.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. HSBC cut their price target on Goodyear Tire & Rubber from $16.80 to $15.90 and set a “buy” rating for the company in a research note on Wednesday, May 8th. StockNews.com upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th.
Check Out Our Latest Research Report on Goodyear Tire & Rubber
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.
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