GrafTech International Ltd. (NYSE:EAF) Major Shareholder Buys $265,332.92 in Stock

GrafTech International Ltd. (NYSE:EAF - Get Free Report) major shareholder Colonial House Capital Ltd bought 179,279 shares of the company's stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average price of $1.48 per share, for a total transaction of $265,332.92. Following the acquisition, the insider now directly owns 29,714,854 shares of the company's stock, valued at approximately $43,977,983.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Colonial House Capital Ltd also recently made the following trade(s):

• On Tuesday, April 16th, Colonial House Capital Ltd bought 2,303,599 shares of GrafTech International stock. The shares were bought at an average price of $1.78 per share, for a total transaction of $4,100,406.22.

GrafTech International Stock Performance

Shares of EAF traded up $0.08 during midday trading on Monday, reaching $1.66. 2,473,931 shares of the stock were exchanged, compared to its average volume of 3,566,037. The stock's 50 day simple moving average is $1.56 and its 200 day simple moving average is $2.02. The company has a market cap of $426.89 million, a P/E ratio of -1.54 and a beta of 1.14. GrafTech International Ltd. has a twelve month low of $1.18 and a twelve month high of $5.32. The company has a quick ratio of 1.81, a current ratio of 3.54 and a debt-to-equity ratio of 11.90.

GrafTech International (NYSE:EAF - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.08. The business had revenue of $136.80 million during the quarter, compared to analysts' expectations of $125.73 million. GrafTech International had a negative net margin of 45.08% and a negative return on equity of 52.49%. The business's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) EPS. On average, sell-side analysts expect that GrafTech International Ltd. will post -0.52 earnings per share for the current year.

Institutional Trading of GrafTech International

A number of institutional investors have recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in GrafTech International by 12.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,971,588 shares of the company's stock valued at $87,981,000 after purchasing an additional 2,618,477 shares during the period. Yacktman Asset Management LP boosted its holdings in GrafTech International by 27.6% in the 4th quarter. Yacktman Asset Management LP now owns 11,922,290 shares of the company's stock valued at $26,110,000 after purchasing an additional 2,580,133 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in GrafTech International by 24.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,521,068 shares of the company's stock valued at $12,091,000 after purchasing an additional 1,095,959 shares during the period. New York State Common Retirement Fund boosted its holdings in GrafTech International by 1,425.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,422,999 shares of the company's stock valued at $9,686,000 after purchasing an additional 4,132,961 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of GrafTech International by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,287,363 shares of the company's stock worth $8,761,000 after acquiring an additional 75,943 shares during the period. Institutional investors own 92.83% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EAF. UBS Group began coverage on GrafTech International in a report on Tuesday, January 16th. They set a "neutral" rating and a $2.00 target price on the stock. BMO Capital Markets dropped their price objective on GrafTech International from $2.00 to $1.50 and set a "market perform" rating on the stock in a research note on Thursday, February 15th. Citigroup dropped their price objective on GrafTech International from $4.00 to $2.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada dropped their price objective on GrafTech International from $3.00 to $2.00 and set a "sector perform" rating on the stock in a research note on Friday, February 16th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $1.88.

GrafTech International Company 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.

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