Apollon Wealth Management LLC Takes Position in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Apollon Wealth Management LLC bought a new stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,413 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GT. Family Firm Inc. acquired a new stake in Goodyear Tire & Rubber during the 2nd quarter worth $26,000. Mather Group LLC. grew its holdings in shares of Goodyear Tire & Rubber by 4,526.3% in the 2nd quarter. Mather Group LLC. now owns 2,637 shares of the company’s stock valued at $30,000 after buying an additional 2,580 shares during the period. Beach Investment Counsel Inc. PA acquired a new position in shares of Goodyear Tire & Rubber in the 2nd quarter valued at $40,000. Sound Income Strategies LLC grew its holdings in shares of Goodyear Tire & Rubber by 2,122.5% in the 3rd quarter. Sound Income Strategies LLC now owns 3,956 shares of the company’s stock valued at $35,000 after buying an additional 3,778 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in Goodyear Tire & Rubber in the 2nd quarter valued at $57,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber Stock Up 0.5 %

Shares of GT opened at $9.32 on Tuesday. The Goodyear Tire & Rubber Company has a 52 week low of $7.27 and a 52 week high of $15.24. The firm has a market cap of $2.66 billion, a P/E ratio of -8.96 and a beta of 1.69. The firm’s 50-day simple moving average is $8.53 and its 200 day simple moving average is $10.04. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.65 and a current ratio of 1.14.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its earnings results 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. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was down 6.2% compared to the same quarter last year. On average, analysts forecast that The Goodyear Tire & Rubber Company will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

GT has been the topic of several research reports. StockNews.com cut shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Wolfe Research cut shares of Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th.

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.