Mackenzie Financial Corp lessened its stake in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 99.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,833 shares of the company's stock after selling 3,287,650 shares during the quarter. Mackenzie Financial Corp's holdings in GrafTech International were worth $28,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Strategic Financial Concepts LLC acquired a new stake in GrafTech International in the 3rd quarter worth about $44,000. J.W. Cole Advisors Inc. raised its stake 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 in the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in GrafTech International in the 3rd quarter worth about $63,000. Jump Financial LLC acquired a new stake in GrafTech International in the 3rd quarter worth about $72,000. Finally, Oak Thistle LLC acquired a new stake in GrafTech International in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 92.83% of the company's stock.
Insider Activity at GrafTech International
In related news, major shareholder Colonial House Capital Ltd purchased 179,279 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average cost of $1.48 per share, with a total value of $265,332.92. Following the acquisition, the insider now 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by insiders.
GrafTech International Price Performance
EAF stock traded down $0.05 during mid-day trading on Wednesday, hitting $1.67. The stock had a trading volume of 3,182,684 shares, compared to its average volume of 3,562,370. The company has a current ratio of 3.73, a quick ratio of 1.81 and a debt-to-equity ratio of 24.74. 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 $429.47 million, a P/E ratio of -1.53 and a beta of 1.14. The firm has a fifty day simple moving average of $1.58 and a 200 day simple moving average of $1.99.
GrafTech International (NYSE:EAF - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.08. The company had revenue of $136.80 million for the quarter, compared to analyst estimates of $125.73 million. GrafTech International had a negative net margin of 45.08% and a negative return on equity of 66.36%. The firm's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. As a group, research analysts forecast that GrafTech International Ltd. will post -0.52 EPS for the current year.
Wall Street Analyst Weigh In
EAF has been the subject of several analyst reports. Royal Bank of Canada dropped their price objective on shares of GrafTech International from $3.00 to $2.00 and set a "sector perform" rating for the company in a research note on Friday, February 16th. 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 report on Thursday, February 15th. UBS Group began coverage on shares of GrafTech International in a report on Tuesday, January 16th. They issued a "neutral" rating and a $2.00 target price on the stock. Finally, Citigroup decreased their target price on shares of GrafTech International from $4.00 to $2.00 and set a "neutral" rating on the stock in a report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $1.88.
Check Out Our Latest Stock Analysis on GrafTech International
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.
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