1,874,961 Shares in The Goodyear Tire & Rubber Company (NASDAQ:GT) Bought by Maple Rock Capital Partners Inc.

Maple Rock Capital Partners Inc. bought a new stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,874,961 shares of the company's stock, valued at approximately $16,875,000. Goodyear Tire & Rubber accounts for about 0.5% of Maple Rock Capital Partners Inc.'s investment portfolio, making the stock its 27th biggest holding. Maple Rock Capital Partners Inc. owned approximately 0.66% of Goodyear Tire & Rubber at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Goodyear Tire & Rubber in the fourth quarter valued at approximately $39,626,000. American Century Companies Inc. raised its position in Goodyear Tire & Rubber by 10.3% in the 4th quarter. American Century Companies Inc. now owns 9,652,329 shares of the company's stock valued at $86,871,000 after buying an additional 897,463 shares during the last quarter. KLCM Advisors Inc. lifted its stake in Goodyear Tire & Rubber by 59.4% during the 4th quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company's stock valued at $15,934,000 after acquiring an additional 659,635 shares in the last quarter. Marshall Wace LLP boosted its holdings in Goodyear Tire & Rubber by 883.9% during the 4th quarter. Marshall Wace LLP now owns 716,414 shares of the company's stock worth $6,448,000 after acquiring an additional 643,597 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Goodyear Tire & Rubber by 158.6% during the third quarter. Barclays PLC now owns 975,634 shares of the company's stock valued at $8,635,000 after purchasing an additional 598,330 shares in the last quarter. Institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Stock Performance

Shares of NASDAQ:GT traded down $0.08 during trading on Tuesday, hitting $10.96. 4,170,894 shares of the company were exchanged, compared to its average volume of 5,108,805. The company has a market cap of $3.12 billion, a PE ratio of 45.67 and a beta of 1.42. The Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $13.26. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 0.55. The stock has a 50 day moving average of $9.61 and a 200 day moving average of $9.37.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. The firm had revenue of $4.95 billion for the quarter, compared to analysts' expectations of $4.91 billion. As a group, equities research analysts predict that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

GT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective for the company in a research note on Monday, March 31st. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Friday. Finally, TD Cowen assumed coverage on shares of Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a "buy" rating and a $14.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.78.

Goodyear Tire & Rubber Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.