Newbridge Financial Services Group Inc. Invests $54,000 in The Goodyear Tire & Rubber Company (NASDAQ:GT)

Newbridge Financial Services Group Inc. bought a new stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,000 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its position in shares of Goodyear Tire & Rubber by 2,122.5% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Goodyear Tire & Rubber in the 3rd quarter valued at $45,000. Private Trust Co. NA grew its position in shares of Goodyear Tire & Rubber by 110.4% in the 3rd quarter. Private Trust Co. NA now owns 7,050 shares of the company’s stock valued at $62,000 after buying an additional 3,700 shares during the last quarter. AM Squared Ltd acquired a new stake in Goodyear Tire & Rubber during the 3rd quarter worth $92,000. Finally, Apollon Wealth Management LLC acquired a new stake in Goodyear Tire & Rubber during the 3rd quarter worth $92,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on GT. StockNews.com lowered Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 target price on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.30.

Goodyear Tire & Rubber Trading Down 1.9 %

NASDAQ GT opened at $8.24 on Tuesday. The Goodyear Tire & Rubber Company has a one year low of $7.27 and a one year high of $13.86. The firm has a market cap of $2.35 billion, a PE ratio of -7.92 and a beta of 1.79. The firm’s fifty day moving average is $9.18 and its two-hundred day moving average is $8.94. 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 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.