Ameriprise Financial Inc. Has $10.35 Million Stake in GrafTech International Ltd. (NYSE:EAF)

Ameriprise Financial Inc. raised its position in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 24.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,981,468 shares of the company's stock after buying an additional 1,182,040 shares during the quarter. Ameriprise Financial Inc. owned about 2.33% of GrafTech International worth $10,348,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EAF. JPMorgan Chase & Co. lifted its stake in GrafTech International by 475.6% during the third quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company's stock worth $3,246,000 after purchasing an additional 2,031,652 shares during the last quarter. Cannell & Spears LLC raised its holdings in shares of GrafTech International by 138.3% during the fourth quarter. Cannell & Spears LLC now owns 1,122,155 shares of the company's stock worth $1,941,000 after purchasing an additional 651,250 shares during the period. Jane Street Group LLC lifted its position in shares of GrafTech International by 49.4% in the 4th quarter. Jane Street Group LLC now owns 1,322,009 shares of the company's stock worth $2,287,000 after buying an additional 436,862 shares during the last quarter. Aristeia Capital L.L.C. bought a new position in shares of GrafTech International in the 4th quarter worth about $586,000. Finally, Northern Trust Corp boosted its holdings in shares of GrafTech International by 8.5% in the 4th quarter. Northern Trust Corp now owns 2,174,639 shares of the company's stock valued at $3,762,000 after buying an additional 169,934 shares during the period. Institutional investors own 92.83% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at GrafTech International

In other news, Director Jean-Marc Germain purchased 50,000 shares of the stock in a transaction dated 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 transaction, the director now owns 90,000 shares in the company, valued at $70,200. This trade represents a 125.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.72% of the company's stock.

GrafTech International Stock Performance

NYSE EAF traded up $0.07 on Friday, hitting $1.04. The stock had a trading volume of 3,035,342 shares, compared to its average volume of 2,698,047. GrafTech International Ltd. has a one year low of $0.52 and a one year high of $2.53. The company has a quick ratio of 1.98, a current ratio of 4.55 and a debt-to-equity ratio of 57.38. The stock has a market cap of $267.15 million, a price-to-earnings ratio of -2.03 and a beta of 1.28. The company's 50-day moving average is $0.78 and its two-hundred day moving average is $1.32.

GrafTech International (NYSE:EAF - Get Free Report) last issued 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. GrafTech International had a negative return on equity of 709.85% and a negative net margin of 24.34%. The business had revenue of $111.84 million during the quarter, compared to the consensus estimate of $122.33 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. On average, analysts expect that GrafTech International Ltd. will post -0.57 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.