Collar Capital Management LLC Acquires Shares of 79,120 The Goodyear Tire & Rubber Company (NASDAQ:GT)

Collar Capital Management LLC bought a new position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 79,120 shares of the company's stock, valued at approximately $712,000.

Several other large investors have also recently made changes to their positions in GT. Norges Bank bought a new position in shares of Goodyear Tire & Rubber during the fourth quarter valued at approximately $39,626,000. Maple Rock Capital Partners Inc. purchased a new stake in shares of Goodyear Tire & Rubber in the fourth quarter valued at approximately $16,875,000. Atlantic Investment Management Inc. purchased a new stake in shares of Goodyear Tire & Rubber in the fourth quarter valued at approximately $11,803,000. American Century Companies Inc. boosted its holdings in shares of Goodyear Tire & Rubber by 10.3% in the fourth quarter. American Century Companies Inc. now owns 9,652,329 shares of the company's stock valued at $86,871,000 after purchasing an additional 897,463 shares during the period. Finally, KLCM Advisors Inc. boosted its holdings in shares of Goodyear Tire & Rubber by 59.4% in the fourth quarter. KLCM Advisors Inc. now owns 1,770,430 shares of the company's stock valued at $15,934,000 after purchasing an additional 659,635 shares during the period. 84.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price target for the company in a report on Tuesday, February 18th. TD Cowen initiated coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They set a "buy" rating and a $14.00 target price for the company. StockNews.com lowered Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective for the company in a report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.25.

Goodyear Tire & Rubber Trading Up 1.9%

NASDAQ GT traded up $0.21 on Monday, reaching $11.07. The stock had a trading volume of 4,240,202 shares, compared to its average volume of 5,178,343. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 46.11 and a beta of 1.42. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $13.26. The stock has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $9.44.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.41 billion. During the same period in the previous year, the company earned $0.10 EPS. The company's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that The Goodyear Tire & Rubber Company will post 1.5 EPS for the current fiscal year.

About Goodyear Tire & Rubber

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.