Stratos Wealth Partners LTD. Has $268,000 Stock Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Stratos Wealth Partners LTD. lessened its holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,745 shares of the company’s stock after selling 3,773 shares during the period. Stratos Wealth Partners LTD.’s holdings in Goodyear Tire & Rubber were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. bought a new stake in Goodyear Tire & Rubber in the 4th quarter valued at about $148,000. Cibc World Market Inc. lifted its position in Goodyear Tire & Rubber by 72.1% during the fourth quarter. Cibc World Market Inc. now owns 1,408,001 shares of the company’s stock worth $12,672,000 after purchasing an additional 589,782 shares during the period. EMC Capital Management boosted its position in shares of Goodyear Tire & Rubber by 432.3% during the 4th quarter. EMC Capital Management now owns 12,291 shares of the company’s stock worth $111,000 after acquiring an additional 9,982 shares in the last quarter. Sippican Capital Advisors acquired a new stake in shares of Goodyear Tire & Rubber in the 4th quarter valued at $842,000. Finally, KBC Group NV increased its stake in shares of Goodyear Tire & Rubber by 3,912.0% in the 4th quarter. KBC Group NV now owns 316,186 shares of the company’s stock valued at $2,846,000 after purchasing an additional 308,305 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Performance

NASDAQ:GT opened at $8.17 on Friday. The stock’s 50-day moving average is $9.04 and its 200-day moving average is $8.90. The Goodyear Tire & Rubber Company has a 1-year low of $7.27 and a 1-year high of $13.86. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 1.51. The stock has a market cap of $2.33 billion, a P/E ratio of -7.86 and a beta of 1.79.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. Equities research analysts anticipate that The Goodyear Tire & Rubber Company will post 1.05 earnings per share for the current year.

Analyst Ratings Changes

GT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.30.

Goodyear Tire & Rubber Company Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.