The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 69.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,790 shares of the company’s stock after acquiring an additional 58,526 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.05% of Goodyear Tire & Rubber worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its stake in Goodyear Tire & Rubber by 190.4% during the 3rd quarter. Intech Investment Management LLC now owns 108,621 shares of the company’s stock valued at $961,000 after acquiring an additional 71,217 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Goodyear Tire & Rubber during the third quarter worth $545,000. Segall Bryant & Hamill LLC lifted its position in Goodyear Tire & Rubber by 13.4% during the third quarter. Segall Bryant & Hamill LLC now owns 4,101,832 shares of the company’s stock valued at $36,301,000 after purchasing an additional 484,198 shares during the period. AM Squared Ltd purchased a new stake in Goodyear Tire & Rubber in the third quarter valued at $92,000. Finally, MQS Management LLC acquired a new stake in Goodyear Tire & Rubber during the 3rd quarter worth about $132,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GT. Wolfe Research cut 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 Trading Up 4.5 %

Shares of NASDAQ:GT opened at $9.71 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.14 and a quick ratio of 0.65. The business’s 50 day moving average price is $8.62 and its 200-day moving average price is $10.00. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -9.34 and a beta of 1.69. The Goodyear Tire & Rubber Company has a 1 year low of $7.27 and a 1 year high of $15.24.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 earnings per share. On average, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.08 earnings per share for the current fiscal year.

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.