Jane Street Group LLC Purchases 436,862 Shares of GrafTech International Ltd. (NYSE:EAF)

Jane Street Group LLC increased its position in GrafTech International Ltd. (NYSE:EAF - Free Report) by 49.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,322,009 shares of the company's stock after buying an additional 436,862 shares during the quarter. Jane Street Group LLC owned about 0.51% of GrafTech International worth $2,287,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cibc World Markets Corp purchased a new stake in shares of GrafTech International during the fourth quarter valued at $42,000. Sonora Investment Management Group LLC lifted its stake in GrafTech International by 31.8% in the 4th quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company's stock worth $50,000 after acquiring an additional 7,000 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in GrafTech International in the 4th quarter worth about $73,000. Two Sigma Securities LLC purchased a new stake in GrafTech International in the 4th quarter worth about $108,000. Finally, Tyler Stone Wealth Management lifted its stake in GrafTech International by 24.5% in the 4th quarter. Tyler Stone Wealth Management now owns 76,100 shares of the company's stock worth $132,000 after acquiring an additional 15,000 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GrafTech International

In other GrafTech International news, Director Jean-Marc Germain bought 50,000 shares of the firm'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 purchase, the director now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on EAF. UBS Group dropped their target price 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $2.00 target price on shares of GrafTech International in a research report on Monday, February 10th. Finally, BMO Capital Markets dropped their target price 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1.63.

GrafTech International Stock Up 0.7%

Shares of NYSE EAF traded up $0.01 during mid-day trading on Monday, reaching $0.92. 1,806,233 shares of the company traded hands, compared to its average volume of 2,705,761. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 4.55. The stock has a market cap of $237.49 million, a PE ratio of -1.80 and a beta of 1.28. The company's fifty day moving average is $0.78 and its two-hundred day moving average is $1.35. GrafTech International Ltd. has a fifty-two week low of $0.52 and a fifty-two week high of $2.53.

GrafTech International (NYSE:EAF - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. The business had revenue of $111.84 million for the quarter, compared to analyst estimates 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 prior year, the firm posted ($0.10) EPS. On average, analysts expect that GrafTech International Ltd. will post -0.57 earnings per share for the current year.

About GrafTech International

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.