As Goodyear Tire & Rubr Co (GT) Share Price Declined, Seatown Holdings Has Lifted Its Stake by $10.99 Million

January 14, 2018 - By Migdalia James

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.10, from 1.14 in 2017Q2. It worsened, as 43 investors sold GT shares while 145 reduced holdings. 47 funds opened positions while 148 raised stakes. 226.27 million shares or 0.48% more from 225.19 million shares in 2017Q2 were reported. 9,590 were accumulated by Everence Capital Mngmt. King Luther Capital Management holds 316,560 shares. Clinton Gru stated it has 26,121 shares. Ftb Advsrs has 0% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 155 shares. Farmers And Merchants Invs Inc has invested 0% in The Goodyear Tire & Rubber Company (NASDAQ:GT). 1.33 million are held by Alyeska Inv Grp L P. Nationwide Fund Advsrs owns 259,803 shares or 0.03% of their US portfolio. James Investment Research stated it has 0.41% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Ubs Asset Mgmt Americas owns 1.13M shares. Advsr Asset Management Inc stated it has 29,665 shares. Columbia Asset Management accumulated 9,900 shares or 0.1% of the stock. Ahl Partners Ltd Liability Partnership has 0.2% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 343,081 shares. Moreover, Parsons Capital Mgmt Ri has 0.03% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 8,334 shares. Susquehanna Int Grp Inc Llp holds 0% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 227,461 shares. Carroll Financial Associates holds 0% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 20 shares.

Since August 15, 2017, it had 0 insider buys, and 4 selling transactions for $507,858 activity. McClellan Stephen R also sold $6,355 worth of The Goodyear Tire & Rubber Company (NASDAQ:GT) shares.

Seatown Holdings increased its stake in Goodyear Tire & Rubr Co (GT) by 53.68% based on its latest 2017Q3 regulatory filing with the SEC. Seatown Holdings bought 333,000 shares as the company’s stock declined 12.03% while stock markets rallied. The institutional investor held 953,300 shares of the automotive aftermarket company at the end of 2017Q3, valued at $31.70M, up from 620,300 at the end of the previous reported quarter. Seatown Holdings who had been investing in Goodyear Tire & Rubr Co for a number of months, seems to be bullish on the $8.35B market cap company. The stock increased 0.95% or $0.32 during the last trading session, reaching $33.91. About 4.30 million shares traded or 43.64% up from the average. The Goodyear Tire & Rubber Company (NASDAQ:GT) has risen 17.26% since January 14, 2017 and is uptrending. It has outperformed by 0.56% the S&P500.

Seatown Holdings, which manages about $1.38 billion US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 5,445 shares to 46,778 shares, valued at $44.97 million in 2017Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 112,884 shares in the quarter, leaving it with 46,116 shares, and cut its stake in Netflix Inc (NASDAQ:NFLX).

More important recent The Goodyear Tire & Rubber Company (NASDAQ:GT) news were published by: Azcentral.com which released: “Safety group wants records opened on Goodyear tire-linked deaths” on January 10, 2018, also Nasdaq.com published article titled: “Urban Outfitters, Goodyear Tire & Rubber, 21st Century Fox, Walt Disney and …”, Prnewswire.com published: “Consumer Goods Stocks’ Research Reports Released on Coty, Avon Products …” on January 11, 2018. More interesting news about The Goodyear Tire & Rubber Company (NASDAQ:GT) was released by: Prnewswire.com and their article: “Goodyear to Present at Deutsche Bank Auto Industry Conference” with publication date: January 10, 2018.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Ratings Coverage

Among 12 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Goodyear Tire had 29 analyst reports since October 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 22 by Berenberg. Jefferies maintained the stock with “Buy” rating in Tuesday, December 19 report. As per Tuesday, June 20, the company rating was upgraded by Jefferies. The firm earned “Neutral” rating on Thursday, March 30 by Goldman Sachs. The rating was initiated by CLSA with “Buy” on Wednesday, June 21. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) earned “Hold” rating by Jefferies on Friday, February 24. The firm earned “Buy” rating on Tuesday, November 29 by Jefferies. The rating was downgraded by Standpoint Research to “Hold” on Wednesday, October 28. The company was maintained on Friday, July 28 by Jefferies. The rating was maintained by Jefferies on Thursday, October 12 with “Buy”.

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