Yacktman Asset Management LP grew its stake in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,922,290 shares of the company's stock after buying an additional 2,580,133 shares during the quarter. Yacktman Asset Management LP owned 4.64% of GrafTech International worth $26,110,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC raised its position in shares of GrafTech International by 211.9% during the 4th quarter. CWM LLC now owns 14,000 shares of the company's stock valued at $31,000 after buying an additional 9,511 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in GrafTech International in the 3rd quarter worth $44,000. Oak Thistle LLC purchased a new position in GrafTech International in the 4th quarter worth $48,000. J.W. Cole Advisors Inc. raised its position in GrafTech International by 39.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 14,726 shares of the company's stock worth $56,000 after purchasing an additional 4,147 shares during the period. Finally, SG Americas Securities LLC purchased a new position in GrafTech International in the 4th quarter worth $59,000. Hedge funds and other institutional investors own 92.83% of the company's stock.
Insider Activity
In related news, major shareholder Colonial House Capital Ltd bought 2,303,599 shares of the business's stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of $1.78 per share, with a total value of $4,100,406.22. Following the purchase, the insider now owns 29,535,575 shares of the company's stock, valued at approximately $52,573,323.50. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.60% of the company's stock.
GrafTech International Trading Down 1.6 %
Shares of EAF stock traded down $0.03 during mid-day trading on Friday, reaching $1.59. The stock had a trading volume of 5,450,320 shares, compared to its average volume of 3,579,177. The stock's 50-day moving average price is $1.56 and its two-hundred day moving average price is $2.04. GrafTech International Ltd. has a 52-week low of $1.18 and a 52-week high of $5.32. The firm has a market capitalization of $407.60 million, a PE ratio of -1.59 and a beta of 1.14. The company has a current ratio of 3.54, a quick ratio of 1.81 and a debt-to-equity ratio of 11.90.
GrafTech International (NYSE:EAF - Get Free Report) last announced its earnings results on Wednesday, February 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.13). The company had revenue of $137.10 million for the quarter, compared to the consensus estimate of $141.20 million. GrafTech International had a negative net margin of 41.14% and a negative return on equity of 39.57%. The company's revenue for the quarter was down 44.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. Equities analysts expect that GrafTech International Ltd. will post -0.52 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on EAF. BMO Capital Markets decreased their target price on shares of 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. Citigroup decreased their price objective on shares of GrafTech International from $4.00 to $2.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 10th. Royal Bank of Canada decreased their price objective on shares of 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. Finally, UBS Group assumed coverage on shares of GrafTech International in a research report on Tuesday, January 16th. They issued a "neutral" rating and a $2.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $1.88.
Check Out Our Latest Stock Analysis on EAF
About GrafTech International
(
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.
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