Jade Capital Advisors LLC Has $974,000 Stock Holdings in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Jade Capital Advisors LLC lifted its position in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,000 shares of the company’s stock after buying an additional 20,000 shares during the quarter. Jade Capital Advisors LLC’s holdings in Goodyear Tire & Rubber were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Family Firm Inc. bought a new stake in Goodyear Tire & Rubber during the 2nd quarter valued at approximately $26,000. Mather Group LLC. boosted its position in shares of Goodyear Tire & Rubber by 4,526.3% in the second quarter. Mather Group LLC. now owns 2,637 shares of the company’s stock valued at $30,000 after acquiring an additional 2,580 shares during the period. Sound Income Strategies LLC grew its stake in shares of Goodyear Tire & Rubber by 2,122.5% in the third quarter. Sound Income Strategies LLC now owns 3,956 shares of the company’s stock worth $35,000 after acquiring an additional 3,778 shares during the last quarter. Beach Investment Counsel Inc. PA bought a new position in Goodyear Tire & Rubber during the second quarter worth $40,000. Finally, MUFG Securities EMEA plc acquired a new position in Goodyear Tire & Rubber during the 2nd quarter valued at $57,000. 84.19% of the stock is owned by institutional investors.

Goodyear Tire & Rubber Trading Down 5.0 %

Shares of GT stock opened at $8.25 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 1.06. The firm has a fifty day moving average of $8.36 and a 200-day moving average of $10.54. The Goodyear Tire & Rubber Company has a 52-week low of $7.27 and a 52-week high of $15.24. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of -3.65 and a beta of 1.69.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. Goodyear Tire & Rubber had a negative net margin of 1.82% and a positive return on equity of 6.55%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company earned ($0.34) earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities research analysts forecast that The Goodyear Tire & Rubber Company will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GT. Wolfe Research lowered shares of Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. StockNews.com downgraded Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Goodyear Tire & Rubber has an average rating of “Moderate Buy” and an average target price of $17.23.

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.