The Goodyear Tire & Rubber Company (NASDAQ:GT) Position Trimmed by Boothe Investment Group Inc.

Boothe Investment Group Inc. decreased its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 448,261 shares of the company's stock after selling 182,415 shares during the quarter. Goodyear Tire & Rubber makes up 2.9% of Boothe Investment Group Inc.'s investment portfolio, making the stock its 16th biggest holding. Boothe Investment Group Inc. owned approximately 0.16% of Goodyear Tire & Rubber worth $6,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in shares of Goodyear Tire & Rubber during the third quarter worth $125,650,000. Nomura Holdings Inc. boosted its position in shares of Goodyear Tire & Rubber by 1,498.4% during the 1st quarter. Nomura Holdings Inc. now owns 9,729,800 shares of the company's stock worth $107,222,000 after acquiring an additional 9,121,084 shares in the last quarter. Electron Capital Partners LLC purchased a new position in shares of Goodyear Tire & Rubber in the 3rd quarter valued at about $51,031,000. BlackRock Inc. raised its position in shares of Goodyear Tire & Rubber by 7.6% during the 1st quarter. BlackRock Inc. now owns 35,767,231 shares of the company's stock worth $511,113,000 after acquiring an additional 2,528,942 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Goodyear Tire & Rubber during the 4th quarter worth about $18,272,000. Institutional investors and hedge funds own 84.19% of the company's stock.

Goodyear Tire & Rubber Stock Performance

GT traded down $0.30 during trading on Friday, hitting $12.27. The stock had a trading volume of 1,778,013 shares, compared to its average volume of 2,432,014. The firm has a market capitalization of $3.48 billion, a P/E ratio of -5.09 and a beta of 1.85. 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 Goodyear Tire & Rubber Company has a twelve month low of $10.12 and a twelve month high of $16.50. The company's 50-day moving average price is $12.72 and its 200 day moving average price is $13.18.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.11. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.38 billion. Goodyear Tire & Rubber had a negative net margin of 3.43% and a positive return on equity of 1.16%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. On average, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.16.

Goodyear Tire & Rubber Profile

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.