Mutual of America Capital Management LLC Decreases Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Mutual of America Capital Management LLC reduced its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,240 shares of the company’s stock after selling 9,056 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Goodyear Tire & Rubber worth $2,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Inspire Investing LLC raised its stake in Goodyear Tire & Rubber by 3.0% during the 3rd quarter. Inspire Investing LLC now owns 28,396 shares of the company’s stock worth $353,000 after acquiring an additional 818 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Goodyear Tire & Rubber by 27.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,018 shares of the company’s stock worth $44,000 after acquiring an additional 862 shares in the last quarter. CWM LLC raised its stake in Goodyear Tire & Rubber by 26.4% during the 3rd quarter. CWM LLC now owns 4,644 shares of the company’s stock worth $58,000 after acquiring an additional 971 shares in the last quarter. Creative Planning raised its stake in Goodyear Tire & Rubber by 8.1% during the 2nd quarter. Creative Planning now owns 13,250 shares of the company’s stock worth $142,000 after acquiring an additional 998 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in Goodyear Tire & Rubber by 71.4% in the first quarter. Ancora Advisors LLC now owns 2,400 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Goodyear Tire & Rubber Trading Up 1.5 %

NASDAQ GT opened at $11.88 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.55 and a current ratio of 1.07. The firm has a market cap of $3.37 billion, a PE ratio of -4.93 and a beta of 1.85. The Goodyear Tire & Rubber Company has a one year low of $10.12 and a one year high of $16.50. The firm’s fifty day moving average is $12.55 and its two-hundred day moving average is $13.16.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.11. Goodyear Tire & Rubber had a negative net margin of 3.43% and a positive return on equity of 1.16%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. Analysts expect that The Goodyear Tire & Rubber Company will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.16.

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.