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Main » Quantitative Investment Management LLC Takes Position in Goodyear Tire & Rubber Co (GT)

Quantitative Investment Management LLC Takes Position in Goodyear Tire & Rubber Co (GT)

12 October 2017

The company has market cap of $1.93 billion. It has a 10.22 P/E ratio. The shares went up by 7.95% in value last month. Insiders sold 15,501 shares of company stock valued at $507,866 over the last quarter.

Goodyear Tire Rubber (GT) now has a 14-day Commodity Channel Index (CCI) of 26.31.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Perkins Coie Com accumulated 27,588 shares. It has outperformed by 28.90% the S&P500. Group Inc One Trading L P holds 0% or 10 shares. Albemarle Corporation (NYSE:ALB) has risen 45.60% since October 11, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Other research analysts have also recently issued research reports about the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. The lowest target is $15.84 while the high is $21.0. The stock exchanged hands with 2,668,580 numbers of shares compared to its average daily volume of 2.88M shares. Remember, just because a stock is cheap doesn't mean you should buy it. The firm has "Hold" rating given on Wednesday, October 28 by Standpoint Research. At the close of regular trading, its last week's stock price volatility was 1.24% which for the month reaches 1.01%. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, September 6 report. Mizuho initiated the shares of CPE in report on Thursday, October 6 with "Neutral" rating. The firm earned "Mkt Perform" rating on Thursday, January 26 by FBR Capital. The firm earned "Outperform" rating on Friday, September 30 by Imperial Capital. The rating was maintained by Jefferies with "Buy" on Monday, August 7. Analysts review historical return data when trying to predict future returns or to estimate how a security might react to a particular situation, such as a drop in consumer demand. GT's profit will be $166.25M for 12.50 P/E if the $0.66 EPS becomes a reality. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.75 by ($0.05).

Caymus Capital Partners L.P. holds 5.92% of its portfolio in Callon Petroleum Company for 4.86 million shares. Shares of GT moved upward with change of 5.05% to its 50-day Moving average.

Investors sentiment increased to 1.14 in Q2 2017. This represents a $0.56 annualized dividend and a yield of 1.70%.

Want to see what other hedge funds are holding GT? 56 funds opened positions while 158 raised stakes. Qv Investors Inc., a Alberta - Canada-based fund reported 1.62 million shares. First Heartland Consultants Incorporated holds 0.35% or 38,610 shares. Its down 4.32% from 13,900 shares previously. Weaver C Barksdale & Associate holds 0.02% of its portfolio in Cooper Tire & Rubber Co (NYSE:CTB) for 505 shares. Amp Invsts Limited stated it has 0% of its portfolio in Cooper Tire & Rubber Co (NYSE:CTB).

The Goodyear Tire & Rubber Company (NASDAQ:GT) plunged -0.09% with the closing price of $32.99. It improved, as 32 investors sold ALB shares while 163 reduced holdings. After a recent check, the 14-day RSIfor Cooper Tire & Rubber Company (CTB) is now at 55.98, the 7-day stands at 51.83, and the 3-day is sitting at 49.03. Private Advisor Ltd Liability Corp stated it has 7,432 shares or 0.01% of all its holdings. APG Asset Management N.V. raised its position in Goodyear Tire & Rubber Co by 112.4% in the third quarter.

Since May 9, 2017, it had 0 buys, and 2 selling transactions for $441,332 activity. The insider McClellan Stephen R sold 6,250 shares worth $220,766.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. This rising movement shows positive prices direction over last 50 days. Cooper Tire had 24 analyst reports since August 7, 2015 according to SRatingsIntel. Current trade price levels places GT's stock about -11.24% away from the 52-week high and closed 23.12% away from the 52-week low. RBC Capital Markets maintained Albemarle Corporation (NYSE:ALB) on Monday, June 12 with "Buy" rating. The firm has "Buy" rating by Jefferies given on Tuesday, November 29. The company was upgraded on Tuesday, June 20 by Standpoint Research. The firm has "Hold" rating by Deutsche Bank given on Tuesday, November 3. It worsened, as 44 investors sold Cooper Tire & Rubber Co shares while 75 reduced holdings. The stock is a Buy among 8 brokerage firms polled by Factset Research. 2 analysts call it Underweight, while 1 think it is Overweight. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in GT to 18790 shares.

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