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Prescott Group Capital Management L.L.C. Invests $1.43 Million in GrafTech International Ltd. (NYSE:EAF)

GrafTech International logo with Industrials background

Key Points

  • Prescott Group Capital Management L.L.C. has acquired a new stake in GrafTech International Ltd., purchasing 1,639,250 shares valued at approximately $1,433,000, representing 0.64% of the company's stock.
  • Insider trading activity saw Director Jean-Marc Germain buy 50,000 shares at $0.78 each, increasing their ownership by 125%.
  • GrafTech International's stock was recently priced at $1.36, with analysts setting an average price target of $1.63 and a consensus rating of "Hold."
  • Need better tools to track GrafTech International? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Prescott Group Capital Management L.L.C. bought a new stake in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,639,250 shares of the company's stock, valued at approximately $1,433,000. Prescott Group Capital Management L.L.C. owned 0.64% of GrafTech International as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of EAF. Russell Investments Group Ltd. raised its holdings in shares of GrafTech International by 25.2% during the 4th quarter. Russell Investments Group Ltd. now owns 613,586 shares of the company's stock worth $1,062,000 after buying an additional 123,574 shares in the last quarter. PFG Investments LLC acquired a new position in shares of GrafTech International during the 1st quarter worth $87,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of GrafTech International by 11.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 181,074 shares of the company's stock worth $313,000 after buying an additional 18,944 shares in the last quarter. Barclays PLC increased its holdings in GrafTech International by 10.4% in the 4th quarter. Barclays PLC now owns 408,430 shares of the company's stock worth $706,000 after purchasing an additional 38,482 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in GrafTech International in the 4th quarter worth about $33,000. 92.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EAF. UBS Group lowered their target price on GrafTech International from $1.50 to $0.80 and set a "neutral" rating for the company in a report on Tuesday, May 13th. BMO Capital Markets increased their price target on GrafTech International from $1.00 to $1.50 and gave the company a "market perform" rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GrafTech International presently has a consensus rating of "Hold" and an average price target of $1.63.

View Our Latest Report on EAF

Insider Activity at GrafTech International

In related news, Director Jean-Marc Germain acquired 50,000 shares of the stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $0.78 per share, with a total value of $39,000.00. Following the completion of the purchase, the director directly owned 90,000 shares in the company, valued at $70,200. This trade represents a 125.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.95% of the stock is currently owned by company insiders.

GrafTech International Price Performance

Shares of GrafTech International stock traded down $0.09 on Tuesday, hitting $1.56. 1,087,225 shares of the company's stock traded hands, compared to its average volume of 3,015,204. The company has a fifty day moving average of $1.13 and a two-hundred day moving average of $1.07. The company has a market capitalization of $401.42 million, a price-to-earnings ratio of -1.90 and a beta of 1.51. GrafTech International Ltd. has a one year low of $0.52 and a one year high of $2.53.

GrafTech International (NYSE:EAF - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The firm had revenue of $131.84 million during the quarter, compared to analysts' expectations of $130.44 million. Equities research analysts anticipate that GrafTech International Ltd. will post -0.57 earnings per share for the current year.

GrafTech International Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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