Coldstream Capital Management Inc. Has $121,000 Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Coldstream Capital Management Inc. reduced its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 17.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,637 shares of the company’s stock after selling 2,911 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Goodyear Tire & Rubber were worth $121,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in Goodyear Tire & Rubber by 9.5% in the second quarter. Assenagon Asset Management S.A. now owns 180,048 shares of the company’s stock valued at $2,044,000 after purchasing an additional 15,662 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Goodyear Tire & Rubber in the second quarter valued at about $26,000. Bank of New York Mellon Corp raised its holdings in Goodyear Tire & Rubber by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 2,715,149 shares of the company’s stock worth $30,817,000 after acquiring an additional 71,410 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Goodyear Tire & Rubber by 19.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,526 shares of the company’s stock valued at $880,000 after purchasing an additional 12,384 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Goodyear Tire & Rubber by 2.0% in the second quarter. Commonwealth Equity Services LLC now owns 114,861 shares of the company’s stock valued at $1,304,000 after purchasing an additional 2,262 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Goodyear Tire & Rubber Stock Performance

Shares of NASDAQ:GT opened at $9.23 on Wednesday. The Goodyear Tire & Rubber Company has a 12-month low of $7.27 and a 12-month high of $14.97. The company’s 50 day moving average price is $9.31 and its two-hundred day moving average price is $9.67. The firm has a market cap of $2.63 billion, a PE ratio of -8.88 and a beta of 1.77. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.96 billion. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. Equities research analysts predict that The Goodyear Tire & Rubber Company will post 1.09 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wolfe Research downgraded Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. StockNews.com downgraded shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

About Goodyear Tire & Rubber

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.