Louisiana State Employees Retirement System Sells 1,500 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

Louisiana State Employees Retirement System reduced its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 1.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 79,000 shares of the company’s stock after selling 1,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Goodyear Tire & Rubber were worth $699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GT. Family Firm Inc. purchased a new stake in Goodyear Tire & Rubber in the second quarter worth $26,000. Mather Group LLC. increased its stake in Goodyear Tire & Rubber by 4,526.3% in the second quarter. Mather Group LLC. now owns 2,637 shares of the company’s stock worth $30,000 after purchasing an additional 2,580 shares during the period. Sound Income Strategies LLC increased its stake 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 purchasing an additional 3,778 shares during the period. Beach Investment Counsel Inc. PA purchased a new stake in Goodyear Tire & Rubber in the second quarter worth $40,000. Finally, MUFG Securities EMEA plc purchased a new stake in Goodyear Tire & Rubber in the second quarter worth $57,000. 84.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com lowered 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 note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.23.

Goodyear Tire & Rubber Stock Down 1.2 %

Goodyear Tire & Rubber stock opened at $8.12 on Tuesday. The stock has a market capitalization of $2.31 billion, a PE ratio of -6.72 and a beta of 1.69. The Goodyear Tire & Rubber Company has a 12 month low of $7.27 and a 12 month high of $15.24. The business has a 50 day simple moving average of $8.32 and a 200-day simple moving average of $10.23. 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.