Alibaba Holdings LTD Adr (BABA) Holder Signalpoint Asset Management Lowered Its Stake as Shares Rose; As Goodyear Tire & Rubr Co (GT) Stock Value Declined, Holder Quantum Capital Management Has Raised Its Holding

April 17, 2018 - By Vivian Currie

The Goodyear Tire & Rubber Company (NASDAQ:GT) Logo

Signalpoint Asset Management Llc decreased its stake in Alibaba Holdings Ltd. Adr (BABA) by 45.98% based on its latest 2017Q4 regulatory filing with the SEC. Signalpoint Asset Management Llc sold 2,298 shares as the company’s stock rose 3.18% while stock markets declined. The institutional investor held 2,700 shares of the business services company at the end of 2017Q4, valued at $466,000, down from 4,998 at the end of the previous reported quarter. Signalpoint Asset Management Llc who had been investing in Alibaba Holdings Ltd. Adr for a number of months, seems to be less bullish one the $448.89 billion market cap company. The stock increased 1.55% or $2.66 during the last trading session, reaching $174.7. About 9.88 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 17, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Quantum Capital Management increased its stake in Goodyear Tire & Rubr Co (GT) by 21.89% based on its latest 2017Q4 regulatory filing with the SEC. Quantum Capital Management bought 46,329 shares as the company’s stock declined 18.63% with the market. The institutional investor held 258,007 shares of the automotive aftermarket company at the end of 2017Q4, valued at $8.34 million, up from 211,678 at the end of the previous reported quarter. Quantum Capital Management who had been investing in Goodyear Tire & Rubr Co for a number of months, seems to be bullish on the $6.78B market cap company. The stock increased 1.33% or $0.37 during the last trading session, reaching $28.21. About 1.57M shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since April 17, 2017 and is downtrending. It has underperformed by 37.28% the S&P500.

Investors sentiment decreased to 0.75 in Q4 2017. Its down 0.29, from 1.04 in 2017Q3. It dived, as 41 investors sold GT shares while 163 reduced holdings. 40 funds opened positions while 112 raised stakes. 211.29 million shares or 6.62% less from 226.27 million shares in 2017Q3 were reported. Advsrs Asset Management reported 0.01% stake. Walleye Trading Limited Liability invested in 141,173 shares. Davenport & Com Ltd has invested 0% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT). Parsons Cap Mgmt Ri has invested 0.03% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Parkside Savings Bank reported 0% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Towle And has 3.49% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 1.10 million shares. Daiwa Secs Gp Inc, a Japan-based fund reported 8,062 shares. Moreover, Aqr Cap Management Ltd Llc has 0.06% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 1.82M shares. Envestnet Asset Management, Illinois-based fund reported 23,733 shares. Evercore Wealth Mgmt Llc reported 1,278 shares. Moreover, Highvista Strategies Ltd Liability Corp has 0.13% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 13,900 shares. Pub Sector Pension Inv Board stated it has 26,823 shares. 182,311 are held by Ahl Prns Llp. Citigroup invested in 0.01% or 253,677 shares. 383,196 were accumulated by State Board Of Administration Of Florida Retirement System.

Quantum Capital Management, which manages about $700.30M and $417.96M US Long portfolio, decreased its stake in Great Lakes Dredge & Dock Co (NASDAQ:GLDD) by 65,300 shares to 250,443 shares, valued at $1.35M in 2017Q4, according to the filing. It also reduced its holding in Bio Techne Corp (NASDAQ:TECH) by 3,731 shares in the quarter, leaving it with 53,363 shares, and cut its stake in Eastman Chem Co (NYSE:EMN).

Among 13 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Goodyear Tire had 34 analyst reports since October 28, 2015 according to SRatingsIntel. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) earned “Buy” rating by Jefferies on Tuesday, June 20. The stock has “Hold” rating by Guggenheim on Monday, January 8. The rating was downgraded by Citigroup to “Neutral” on Monday, October 30. Berenberg initiated the shares of GT in report on Tuesday, November 22 with “Buy” rating. The firm has “Buy” rating given on Tuesday, November 29 by Jefferies. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Thursday, April 7. The company was maintained on Friday, July 28 by Jefferies. The firm has “Buy” rating given on Sunday, January 28 by Jefferies. On Wednesday, October 28 the stock rating was downgraded by Standpoint Research to “Hold”. The rating was maintained by Goldman Sachs on Tuesday, August 1 with “Hold”.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 4 before the open. They expect $0.71 earnings per share, up 82.05% or $0.32 from last year’s $0.39 per share. BABA’s profit will be $1.82B for 61.51 P/E if the $0.71 EPS becomes a reality. After $1.34 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -47.01% negative EPS growth.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Institutional Positions Chart

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