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

Newbridge Financial Services Group Inc. acquired a new position in The Goodyear Tire & Rubber Company (NASDAQ:GT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,000 shares of the company’s stock, valued at approximately $54,000.

A number of other large investors have also made changes to their positions in GT. Fidelity D & D Bancorp Inc. raised its position in Goodyear Tire & Rubber by 3.2% during the third quarter. Fidelity D & D Bancorp Inc. now owns 32,000 shares of the company’s stock worth $283,000 after acquiring an additional 1,000 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Goodyear Tire & Rubber by 4.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 35,513 shares of the company’s stock worth $306,000 after acquiring an additional 1,434 shares during the period. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Goodyear Tire & Rubber by 6.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 38,050 shares of the company’s stock valued at $336,000 after purchasing an additional 2,195 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Goodyear Tire & Rubber by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 32,866 shares of the company’s stock valued at $290,000 after acquiring an additional 2,245 shares during the last quarter. Finally, Forum Financial Management LP lifted its stake in shares of Goodyear Tire & Rubber by 29.4% in the 3rd quarter. Forum Financial Management LP now owns 13,457 shares of the company’s stock valued at $119,000 after purchasing an additional 3,058 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

GT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price objective on shares of Goodyear Tire & Rubber in a research report on Friday, December 20th. StockNews.com downgraded shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.30.

Goodyear Tire & Rubber Price Performance

GT opened at $8.24 on Tuesday. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -7.92 and a beta of 1.79. The company’s 50-day moving average price is $9.18 and its 200 day moving average price is $8.94. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $13.86. 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 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.