GrafTech International Ltd. (NYSE:EAF) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 60.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 330,752 shares of the company's stock after selling 496,713 shares during the quarter. Dimensional Fund Advisors LP owned 0.13% of GrafTech International worth $572,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in GrafTech International by 475.6% in the third quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company's stock valued at $3,246,000 after acquiring an additional 2,031,652 shares in the last quarter. SG Americas Securities LLC grew its position in GrafTech International by 25.4% in the fourth quarter. SG Americas Securities LLC now owns 148,594 shares of the company's stock valued at $257,000 after acquiring an additional 30,102 shares in the last quarter. Sonora Investment Management Group LLC grew its position in GrafTech International by 31.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company's stock valued at $50,000 after acquiring an additional 7,000 shares in the last quarter. Rhumbline Advisers grew its position in GrafTech International by 6.5% in the fourth quarter. Rhumbline Advisers now owns 343,757 shares of the company's stock valued at $595,000 after acquiring an additional 20,902 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in GrafTech International in the fourth quarter valued at approximately $185,000. Institutional investors and hedge funds own 92.83% of the company's stock.

GrafTech International Stock Performance

EAF traded down $0.04 during trading hours on Thursday, hitting $0.96. 3,184,222 shares of the stock were exchanged, compared to its average volume of 2,692,568. The stock has a 50-day simple moving average of $0.78 and a 200-day simple moving average of $1.34. GrafTech International Ltd. has a 12 month low of $0.52 and a 12 month high of $2.53. The stock has a market cap of $248.05 million, a price-to-earnings ratio of -1.88 and a beta of 1.28. The company has a debt-to-equity ratio of 57.38, a current ratio of 4.55 and a quick ratio of 1.98.

GrafTech International (NYSE:EAF - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $111.84 million for the quarter, compared to analysts' expectations of $122.33 million. GrafTech International had a negative return on equity of 709.85% and a negative net margin of 24.34%. During the same period last year, the business posted ($0.10) earnings per share. Analysts anticipate that GrafTech International Ltd. will post -0.57 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on EAF shares. BMO Capital Markets reduced their target price on GrafTech International from $2.00 to $1.50 and set a "market perform" rating for the company in a research note on Monday, February 10th. UBS Group reduced their target price on GrafTech International from $1.50 to $0.80 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $2.00 target price on shares of GrafTech International in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, GrafTech International has a consensus rating of "Hold" and a consensus price target of $1.63.

Insider Buying and Selling at GrafTech International

In related news, Director Jean-Marc Germain bought 50,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $0.78 per share, for a total transaction of $39,000.00. Following the completion of the purchase, the director now owns 90,000 shares of the company's stock, valued at $70,200. This represents a 125.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

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.