Charles Schwab Investment Management Inc. Has $6.70 Million Holdings in GrafTech International Ltd. (NYSE:EAF)

Charles Schwab Investment Management Inc. trimmed its position in shares of GrafTech International Ltd. (NYSE:EAF) by 24.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,072,046 shares of the company’s stock after selling 1,647,781 shares during the period. Charles Schwab Investment Management Inc.’s holdings in GrafTech International were worth $6,695,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of GrafTech International by 287.8% during the 2nd quarter. Millennium Management LLC now owns 5,065,715 shares of the company’s stock worth $4,914,000 after acquiring an additional 3,759,449 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of GrafTech International in the 3rd quarter valued at $156,000. Choreo LLC bought a new position in shares of GrafTech International in the 2nd quarter valued at $155,000. Intech Investment Management LLC acquired a new position in shares of GrafTech International during the 3rd quarter worth $81,000. Finally, XTX Topco Ltd lifted its position in shares of GrafTech International by 179.6% during the 2nd quarter. XTX Topco Ltd now owns 135,485 shares of the company’s stock worth $131,000 after buying an additional 87,027 shares during the last quarter. 92.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EAF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th. Citigroup upped their price objective on shares of GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1.80.

GrafTech International Price Performance

GrafTech International stock opened at $1.92 on Thursday. The stock has a 50-day moving average price of $1.90 and a two-hundred day moving average price of $1.30. GrafTech International Ltd. has a 12 month low of $0.52 and a 12 month high of $2.76. The company has a market capitalization of $493.77 million, a PE ratio of -1.64 and a beta of 0.95. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38.

GrafTech International (NYSE:EAF) last posted its earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. The business had revenue of $130.65 million for the quarter, compared to the consensus estimate of $128.14 million. During the same period last year, the company earned ($0.08) EPS. Analysts expect that GrafTech International Ltd. will post -0.43 EPS 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.