Goodyear Tire & Rubber Company (GT) Position Lowered by Columbia Asset Management

Sergio Conner
January 13, 2018

The Twin Capital Management Inc holds 120,147 shares with $4.00M value, down from 130,003 last quarter. The company has market cap of $224.81 billion.

Cooper Tire & Rubber Company (CTB) stock is now trading 8.57% away from its average-price of 200 days while it maintained a distance of 14.10% from its 50 Days Moving Average and 11.24% compared with the 20 Day Moving Average. Over the past year Company's shares have been trading in the range of $28.81 and $37.20.

Cooper Tire & Rubber Co (CTB) opened at $39.80 on Thursday. It has underperformed by 17.22% the S&P500. Cooper Tire & Rubber's revenue was down 2.3% on a year-over-year basis. equities analysts anticipate that Cooper Tire & Rubber Co will post 3.22 EPS for the current year. For The Goodyear Tire & Rubber Company (NASDAQ:GT), Stochastic %D value stayed at 84.15% for the last 9 days. The Firm has ATR of 0.90 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range. State of New Jersey Common Pension Fund D now owns 2,050,000 shares of the company's stock valued at $52,603,000 after buying an additional 1,800,000 shares in the last quarter. It has outperformed by 0.56% the S&P500.

Columbia Asset Management cut its stake in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. They expect $0.73 EPS, down 23.16% or $0.22 from last year's $0.95 per share. About 1.01 million shares traded or 56.52% up from the average. We have $35.85 PT which if reached, will make NYSE:CTB worth $181.80M less.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 5.58 million shares, VANGUARD GROUP INC with 4.37 million shares, FAIRPOINTE CAPITAL LLC with 3.71 million shares, DIMENSIONAL FUND ADVISORS LP with 3.67 million shares, and RE ADVISERS CORP with 2.97 million shares. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Therefore 27% are positive. Teva Pharma had 126 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies Group LLC initiated coverage on shares of The Goodyear Tire & Rubber Company in a research report on Tuesday, November 29th. The stock now has an average rating of "Hold" and an average target price of $44.86. The rating was downgraded by Jefferies to "Hold" on Friday, February 24.

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Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, October 30th. The firm has "Neutral" rating given on Thursday, April 21 by Robert W. Baird. The firm earned "Buy" rating on Thursday, October 12 by Jefferies. The firm has "Buy" rating given on Friday, May 27 by Standpoint Research. On Friday, August 7 the stock rating was maintained by Deutsche Bank with "Hold". The rating was maintained by Jefferies on Thursday, July 6 with "Hold".

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.22, from 1.03 in 2017Q2. It turned negative, as 43 investors sold GT shares while 145 reduced holdings. 226.27 million shares or 0.48% more from 225.19 million shares in 2017Q2 were reported. State Street Corporation holds 0.03% or 11.71M shares. Natl Bank Of America De holds 0% or 368,957 shares. Narrowing in further, the stock has been recently noted at -2.39% away from the 30 day high and +7.14% separated from the 30 day low. Stockholders of record on Friday, December 1st were paid a dividend of $0.105 per share. Leuthold Grp Ltd Liability Corp holds 0.08% or 24,331 shares in its portfolio. With all of these companies being brought down, The Goodyear Tire & Rubber Company may be a diamond in the rough.

Fred Alger Management Inc, which manages about $21.12 billion and $21.38 billion US Long portfolio, decreased its stake in Nike Inc Cl B (NYSE:NKE) by 273,594 shares to 407,603 shares, valued at $21.13M in 2017Q3, according to the filing. Dekabank Deutsche Girozentrale invested in 0.03% or 108,437 shares. Cooper Tire & Rubber's dividend payout ratio is now 10.82%. Dreman Value Mngmt L L C holds 0.15% in Cooper Tire & Rubber Company (NYSE:CTB) or 7,315 shares. Swiss Savings Bank, a Switzerland-based fund reported 88,700 shares.

Since August 15, 2017, it had 0 insider buys, and 4 insider sales for $507,858 activity. 289 shares were sold by Kihn Jean Claude, worth $8,762 on Tuesday, August 15.

Since August 9, 2017, it had 0 buys, and 1 sale for $15,927 activity. READ IAN C sold $6.70 million worth of Pfizer Inc. Another trade for 6,750 shares valued at $249,750 was sold by MACKENZIE ALEXANDER R. 8,064 shares were sold by OLSON LAURIE J, worth $263,693. (NYSE:PFE) shares. Shares for $296,560 were sold by JOHNSON RADY A. Finally, Russell Investments Group Ltd. grew its position in shares of Cooper Tire & Rubber by 1,109.8% during the 3rd quarter.

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