Wilen Investment Management Corp. buys $13,009,152 stake in Goodyear Tire & Rubber Co (GT)

Goodyear Tire & Rubber Co (GT) : Wilen Investment Management Corp. scooped up 23,800 additional shares in Goodyear Tire & Rubber Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 406,536 shares of Goodyear Tire & Rubber Co which is valued at $13,009,152.Goodyear Tire & Rubber Co makes up approximately 8.59% of Wilen Investment Management Corp.’s portfolio.

Goodyear Tire & Rubber Co opened for trading at $31.99 and hit $32.04 on the upside on Friday, eventually ending the session at $32, with a gain of 0.19% or 0.06 points. The heightened volatility saw the trading volume jump to 20,03,961 shares. Company has a market cap of $8,545 M.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in GT by selling 260 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 17,108 shares of GT which is valued at $547,456. Goodyear Tire & Rubber Co makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Dnb Asset Management As boosted its stake in GT in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 12,800 shares of Goodyear Tire & Rubber Co which is valued at $409,600. Goodyear Tire & Rubber Co makes up approx 0.01% of Dnb Asset Management As’s portfolio.

On the company’s financial health, Goodyear Tire & Rubber Co reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.75. The company had revenue of $4063.00 million for the quarter, compared to analysts expectations of $4011.87 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Goodyear Tire & Rubber Co. Goodyear Tire & Rubber Co was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 7, 2016. Goodyear Tire & Rubber Co was Downgraded by Standpoint Research to ” Hold” on Mar 30, 2016. Goodyear Tire & Rubber Co was Upgraded by Credit Agricole to ” Outperform” on Feb 10, 2016.

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company’s business is the development manufacture distribution and sale of tires and related products and services across the world. The Company operates in four segments: North America; Europe Middle East and Africa (EMEA); Latin America and Asia Pacific. The North America segment is a supplier of tires to manufacturers of automobiles motorcycles trucks and aircraft. The EMEA segment is a supplier of tires to vehicle manufacturers across the region. The Latin America segment manufactures and sells automobile and truck tires. The Asia Pacific segment sells primarily Goodyear brand tires throughout the region and also sells the Dunlop brand in Australia and New Zealand. The Company manufactures and sells tires under the Goodyear Dunlop Kelly Debica Sava and Fulda brands and various other Goodyear owned-house brands and the private-label brands of certain customers.

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