Deutsche Bank AG Has $2.39 Million Stock Position in GrafTech International Ltd. (NYSE:EAF)

Deutsche Bank AG grew its stake in GrafTech International Ltd. (NYSE:EAF - Free Report) by 116.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,380,651 shares of the company's stock after purchasing an additional 743,805 shares during the period. Deutsche Bank AG owned about 0.54% of GrafTech International worth $2,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Concentric Capital Strategies LP acquired a new stake in GrafTech International during the fourth quarter worth $2,800,000. Ameriprise Financial Inc. lifted its holdings in shares of GrafTech International by 24.6% during the 4th quarter. Ameriprise Financial Inc. now owns 5,981,468 shares of the company's stock worth $10,348,000 after acquiring an additional 1,182,040 shares during the period. Cannell & Spears LLC boosted its position in shares of GrafTech International by 138.3% during the 4th quarter. Cannell & Spears LLC now owns 1,122,155 shares of the company's stock valued at $1,941,000 after acquiring an additional 651,250 shares in the last quarter. Jane Street Group LLC boosted its position in shares of GrafTech International by 49.4% during the 4th quarter. Jane Street Group LLC now owns 1,322,009 shares of the company's stock valued at $2,287,000 after acquiring an additional 436,862 shares in the last quarter. Finally, Aristeia Capital L.L.C. bought a new stake in GrafTech International in the fourth quarter valued at about $586,000. Institutional investors own 92.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. BMO Capital Markets cut their price target on shares of 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 lowered their price target on GrafTech International from $1.50 to $0.80 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $2.00 price objective on shares of GrafTech International in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $1.63.

GrafTech International Price Performance

Shares of NYSE:EAF traded down $0.04 during trading on Wednesday, reaching $1.10. The stock had a trading volume of 612,234 shares, compared to its average volume of 2,761,825. The stock has a market capitalization of $282.63 million, a PE ratio of -2.15 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 Ltd. has a 52 week low of $0.52 and a 52 week high of $2.53. The business's 50-day moving average price is $0.78 and its 200 day moving average price is $1.31.

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, beating the consensus estimate of ($0.15) by $0.02. The firm had revenue of $111.84 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted ($0.10) EPS. As a group, equities analysts predict that GrafTech International Ltd. will post -0.57 earnings per share for the current year.

Insider Activity at GrafTech International

In related news, Director Jean-Marc Germain acquired 50,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $0.78 per share, for a total transaction of $39,000.00. Following the transaction, the director now directly owns 90,000 shares of the company's stock, valued at approximately $70,200. This trade represents a 125.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.