Sanctuary Advisors LLC Has $104,000 Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Sanctuary Advisors LLC reduced its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 28.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,692 shares of the company’s stock after selling 4,329 shares during the quarter. Sanctuary Advisors LLC’s holdings in Goodyear Tire & Rubber were worth $104,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in 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 acquiring an additional 71,410 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Goodyear Tire & Rubber by 19.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,526 shares of the company’s stock worth $880,000 after purchasing an additional 12,384 shares during the period. Commonwealth Equity Services LLC increased its holdings in Goodyear Tire & Rubber by 2.0% in the second quarter. Commonwealth Equity Services LLC now owns 114,861 shares of the company’s stock worth $1,304,000 after purchasing an additional 2,262 shares in the last quarter. nVerses Capital LLC lifted its stake in Goodyear Tire & Rubber by 80.7% in the second quarter. nVerses Capital LLC now owns 19,700 shares of the company’s stock valued at $224,000 after buying an additional 8,800 shares during the period. Finally, Versor Investments LP bought a new position in shares of Goodyear Tire & Rubber during the 2nd quarter worth approximately $185,000. 84.19% of the stock is currently owned by institutional investors.

Goodyear Tire & Rubber Stock Down 1.0 %

Shares of NASDAQ GT opened at $8.76 on Tuesday. 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 1 year low of $7.27 and a 1 year high of $14.97. The stock has a market capitalization of $2.50 billion, a P/E ratio of -8.42 and a beta of 1.77. The company has a 50-day moving average price of $9.36 and a 200-day moving average price of $9.48.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. On average, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 price objective on shares of Goodyear Tire & Rubber in a report on Friday, December 20th. Finally, Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.30.

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.