International Assets Investment Management LLC Purchases 16,378 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

International Assets Investment Management LLC increased its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 2,504.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 17,032 shares of the company’s stock after buying an additional 16,378 shares during the period. International Assets Investment Management LLC’s holdings in Goodyear Tire & Rubber were worth $1,510,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GT. Family Firm Inc. bought a new stake in shares of Goodyear Tire & Rubber in the 2nd quarter valued at approximately $26,000. Mather Group LLC. raised its holdings in Goodyear Tire & Rubber by 4,526.3% during the 2nd quarter. Mather Group LLC. now owns 2,637 shares of the company’s stock valued at $30,000 after buying an additional 2,580 shares during the period. Sound Income Strategies LLC lifted its position in Goodyear Tire & Rubber by 2,122.5% in the third quarter. Sound Income Strategies LLC now owns 3,956 shares of the company’s stock worth $35,000 after buying an additional 3,778 shares during the last quarter. Beach Investment Counsel Inc. PA purchased a new position in Goodyear Tire & Rubber during the second quarter worth $40,000. Finally, MUFG Securities EMEA plc bought a new position in Goodyear Tire & Rubber during the second quarter valued at $57,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com cut shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Wolfe Research lowered Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.23.

Goodyear Tire & Rubber Trading Up 2.6 %

GT stock opened at $8.22 on Monday. The Goodyear Tire & Rubber Company has a 12 month low of $7.27 and a 12 month high of $15.24. The firm’s 50-day moving average is $8.32 and its 200 day moving average is $10.25. The company has a market capitalization of $2.34 billion, a PE ratio of -6.68 and a beta of 1.69. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.54.

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.