Jump Financial LLC Has $1.11 Million Stock Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Jump Financial LLC lessened its position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 53.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,616 shares of the company's stock after selling 139,884 shares during the period. Jump Financial LLC's holdings in Goodyear Tire & Rubber were worth $1,113,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Allworth Financial LP raised its stake in Goodyear Tire & Rubber by 251.8% during the 4th quarter. Allworth Financial LP now owns 4,274 shares of the company's stock valued at $40,000 after purchasing an additional 3,059 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Goodyear Tire & Rubber during the 3rd quarter worth about $45,000. Signaturefd LLC grew its stake in Goodyear Tire & Rubber by 61.2% during the 4th quarter. Signaturefd LLC now owns 5,259 shares of the company's stock valued at $47,000 after acquiring an additional 1,997 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Goodyear Tire & Rubber in the 4th quarter valued at approximately $54,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Goodyear Tire & Rubber in the fourth quarter worth $79,000. Institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Price Performance

NASDAQ GT traded down $0.02 on Friday, hitting $10.94. 4,100,302 shares of the company were exchanged, compared to its average volume of 5,090,442. The Goodyear Tire & Rubber Company has a 1-year low of $7.27 and a 1-year high of $13.26. The firm has a 50 day moving average of $9.49 and a two-hundred day moving average of $9.25. 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 company has a market cap of $3.12 billion, a P/E ratio of 45.59 and a beta of 1.49.

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

Analysts Set New Price Targets

A number of research firms recently commented on GT. TD Cowen assumed coverage on Goodyear Tire & Rubber in a report on Friday, March 7th. They issued a "buy" rating and a $14.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective for the company in a research report on Monday, March 31st. 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 report on Tuesday, February 18th. Finally, StockNews.com lowered Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $13.78.

Goodyear Tire & Rubber Company 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.