GrafTech International Ltd. (NYSE:EAF) Major Shareholder Purchases $943,425.93 in Stock

GrafTech International Ltd. (NYSE:EAF - Get Free Report) major shareholder Colonial House Capital Ltd bought 533,009 shares of the stock in a transaction on Friday, May 3rd. The shares were acquired at an average cost of $1.77 per share, for a total transaction of $943,425.93. Following the completion of the transaction, the insider now directly owns 30,247,863 shares of the company's stock, valued at $53,538,717.51. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 26th, Colonial House Capital Ltd bought 179,279 shares of GrafTech International stock. The shares were acquired at an average cost of $1.48 per share, for a total transaction of $265,332.92.
• On Tuesday, April 16th, Colonial House Capital Ltd purchased 2,303,599 shares of GrafTech International stock. The stock was acquired at an average cost of $1.78 per share, for a total transaction of $4,100,406.22.

GrafTech International Stock Performance

EAF stock remained flat at $1.81 during trading on Monday. The company had a trading volume of 1,521,351 shares, compared to its average volume of 3,527,976. GrafTech International Ltd. has a fifty-two week low of $1.18 and a fifty-two week high of $5.32. The firm has a market capitalization of $465.48 million, a P/E ratio of -1.66 and a beta of 1.05. The business's fifty day simple moving average is $1.60 and its 200 day simple moving average is $1.95. The company has a debt-to-equity ratio of 24.74, a current ratio of 3.73 and a quick ratio of 1.91.

GrafTech International (NYSE:EAF - Get Free Report) last released its earnings results on Friday, April 26th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.08. The business had revenue of $136.80 million for the quarter, compared to the consensus estimate of $125.73 million. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business earned ($0.02) earnings per share. Equities analysts predict that GrafTech International Ltd. will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in GrafTech International by 211.9% during the fourth quarter. CWM LLC now owns 14,000 shares of the company's stock worth $31,000 after purchasing an additional 9,511 shares during the period. Strategic Financial Concepts LLC bought a new position in GrafTech International during the third quarter worth about $44,000. Terril Brothers Inc. bought a new position in GrafTech International during the fourth quarter worth about $44,000. Welch Group LLC lifted its stake in GrafTech International by 71.2% during the first quarter. Welch Group LLC now owns 34,243 shares of the company's stock worth $47,000 after purchasing an additional 14,243 shares during the period. Finally, Oak Thistle LLC bought a new position in shares of GrafTech International in the fourth quarter valued at approximately $48,000. Institutional investors own 92.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup lowered their price target on GrafTech International from $4.00 to $2.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 10th. UBS Group assumed coverage on GrafTech International in a research report on Tuesday, January 16th. They issued a "neutral" rating and a $2.00 price target on the stock. BMO Capital Markets lowered 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 Thursday, February 15th. Finally, Royal Bank of Canada decreased their target price on GrafTech International from $3.00 to $2.00 and set a "sector perform" rating on the stock in a research report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GrafTech International currently has an average rating of "Hold" and a consensus price target 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.