Mutual of America Capital Management LLC Has $1.36 Million Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Mutual of America Capital Management LLC trimmed its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,030 shares of the company’s stock after selling 8,967 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Goodyear Tire & Rubber worth $1,363,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GT. American Century Companies Inc. grew its position in Goodyear Tire & Rubber by 16.2% during the 2nd quarter. American Century Companies Inc. now owns 7,257,765 shares of the company’s stock worth $82,376,000 after purchasing an additional 1,013,550 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Goodyear Tire & Rubber by 3,921.7% in the third quarter. Victory Capital Management Inc. now owns 4,751,514 shares of the company’s stock worth $42,051,000 after buying an additional 4,633,368 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Goodyear Tire & Rubber by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 2,715,149 shares of the company’s stock valued at $30,817,000 after buying an additional 71,410 shares in the last quarter. AQR Capital Management LLC lifted its stake in Goodyear Tire & Rubber by 91.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,536,252 shares of the company’s stock worth $28,203,000 after acquiring an additional 1,211,519 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Goodyear Tire & Rubber by 30.7% in the 2nd quarter. Millennium Management LLC now owns 2,462,581 shares of the company’s stock worth $27,950,000 after acquiring an additional 578,762 shares in the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Goodyear Tire & Rubber Stock Performance

NASDAQ GT opened at $10.13 on Tuesday. The company’s fifty day moving average is $8.70 and its two-hundred day moving average is $9.93. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -9.74 and a beta of 1.69. 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 Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $15.24.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue was down 6.2% on a year-over-year basis. Equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.08 EPS for the current year.

Analyst Ratings Changes

GT has been the topic of a number of research reports. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Wolfe Research lowered shares of Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th.

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.