Kapitalo Investimentos Ltda Purchases New Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Kapitalo Investimentos Ltda purchased a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,006 shares of the company’s stock, valued at approximately $72,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in shares of Goodyear Tire & Rubber during the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp purchased a new position in Goodyear Tire & Rubber in the fourth quarter valued at approximately $33,000. Headinvest LLC bought a new position in Goodyear Tire & Rubber during the third quarter valued at $34,000. American Trust purchased a new stake in Goodyear Tire & Rubber in the third quarter worth $140,000. Finally, Pathstone Family Office LLC purchased a new stake in Goodyear Tire & Rubber in the third quarter worth $141,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Performance

NASDAQ:GT opened at $11.21 on Friday. The business’s fifty day moving average is $12.18 and its 200 day moving average is $12.97. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -4.96 and a beta of 1.77. 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 $11.15 and a 52-week high of $16.50.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Goodyear Tire & Rubber had a positive return on equity of 3.41% and a negative net margin of 3.28%. The company’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.29) earnings per share. Research analysts predict that The Goodyear Tire & Rubber Company will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GT. Morgan Stanley assumed coverage on Goodyear Tire & Rubber in a research note on Thursday, June 13th. They set an “equal weight” rating and a $14.00 price target for the company. StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Finally, HSBC reduced their target price on shares of 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Goodyear Tire & Rubber currently has an average rating of “Moderate Buy” and a consensus target price of $17.23.

About Goodyear Tire & Rubber

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.