Great Lakes Advisors LLC bought a new stake in shares of GrafTech International Ltd. (NYSE:EAF – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,695 shares of the company’s stock, valued at approximately $52,000.
A number of other hedge funds have also recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in GrafTech International by 101.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,339 shares of the company’s stock worth $26,000 after purchasing an additional 2,690 shares in the last quarter. Quantbot Technologies LP bought a new position in GrafTech International in the 1st quarter worth about $29,000. Robeco Institutional Asset Management B.V. bought a new position in GrafTech International in the 1st quarter worth about $40,000. CI Private Wealth LLC bought a new position in GrafTech International in the 4th quarter worth about $49,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in GrafTech International in the 4th quarter worth about $51,000. Institutional investors own 91.62% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on EAF. JPMorgan Chase & Co. began coverage on shares of GrafTech International in a research note on Tuesday, May 23rd. They issued a “neutral” rating on the stock. Citigroup dropped their price target on shares of GrafTech International from $6.00 to $5.00 in a research note on Sunday, April 30th. Finally, BMO Capital Markets decreased their target price on GrafTech International from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Monday, August 7th.
GrafTech International Price Performance
Shares of NYSE:EAF opened at $3.59 on Wednesday. GrafTech International Ltd. has a fifty-two week low of $3.56 and a fifty-two week high of $6.74. The business has a 50-day simple moving average of $4.70 and a two-hundred day simple moving average of $4.80. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.70 and a current ratio of 4.10. The firm has a market cap of $921.95 million, a price-to-earnings ratio of 7.18 and a beta of 1.36.
GrafTech International (NYSE:EAF – Get Free Report) last released its quarterly earnings results on Friday, August 4th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). GrafTech International had a net margin of 14.68% and a return on equity of 40.42%. The business had revenue of $185.60 million for the quarter, compared to analysts’ expectations of $177.18 million. During the same period in the previous year, the company earned $0.44 EPS. GrafTech International’s revenue for the quarter was down 49.0% compared to the same quarter last year. On average, analysts expect that GrafTech International Ltd. will post -0.13 earnings per share for the current year.
GrafTech International Profile
GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. The company offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes and synthetic graphite.
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