CastleKnight Management LP Acquires 51,400 Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT)

CastleKnight Management LP boosted its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 23.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,300 shares of the company's stock after buying an additional 51,400 shares during the quarter. CastleKnight Management LP owned 0.09% of Goodyear Tire & Rubber worth $2,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of Goodyear Tire & Rubber by 158.6% in the 3rd 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. Wilmington Savings Fund Society FSB purchased a new stake in Goodyear Tire & Rubber during the third quarter valued at approximately $45,000. Franklin Resources Inc. lifted its holdings in shares of Goodyear Tire & Rubber by 11.0% during the 3rd quarter. Franklin Resources Inc. now owns 135,131 shares of the company's stock valued at $1,139,000 after purchasing an additional 13,349 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Goodyear Tire & Rubber by 4.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company's stock worth $306,000 after purchasing an additional 1,434 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in Goodyear Tire & Rubber by 96.1% in the fourth quarter. 180 Wealth Advisors LLC now owns 24,120 shares of the company's stock valued at $217,000 after buying an additional 11,823 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Stock Up 0.3 %

Shares of GT opened at $11.04 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.55 and a debt-to-equity ratio of 1.30. The firm has a market cap of $3.15 billion, a P/E ratio of 46.00 and a beta of 1.42. The company's 50-day moving average price is $9.61 and its 200 day moving average price is $9.37. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $13.26.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its 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 net margin of 0.37% and a return on equity of 6.21%. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.91 billion. On average, sell-side analysts forecast that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

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

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.

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