Barclays PLC Sells 1,220,957 Shares of GrafTech International Ltd. (NYSE:EAF)

Barclays PLC lowered its stake in shares of GrafTech International Ltd. (NYSE:EAF) by 76.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 369,948 shares of the company’s stock after selling 1,220,957 shares during the quarter. Barclays PLC’s holdings in GrafTech International were worth $488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EAF. Millennium Management LLC grew its holdings in GrafTech International by 287.8% during the 2nd quarter. Millennium Management LLC now owns 5,065,715 shares of the company’s stock valued at $4,914,000 after purchasing an additional 3,759,449 shares during the last quarter. SG Americas Securities LLC purchased a new stake in GrafTech International in the 3rd quarter valued at about $156,000. Choreo LLC bought a new stake in shares of GrafTech International during the second quarter valued at approximately $155,000. The Manufacturers Life Insurance Company raised its stake in shares of GrafTech International by 30.0% during the third quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock valued at $134,000 after acquiring an additional 23,413 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in GrafTech International during the 3rd quarter worth $81,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

GrafTech International Stock Down 0.6 %

Shares of NYSE EAF opened at $1.72 on Friday. The stock’s fifty day simple moving average is $1.95 and its two-hundred day simple moving average is $1.33. GrafTech International Ltd. has a 12-month low of $0.52 and a 12-month high of $2.53. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. The stock has a market capitalization of $442.33 million, a PE ratio of -1.47 and a beta of 0.95.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The business had revenue of $130.65 million for the quarter, compared to analysts’ expectations of $128.14 million. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. During the same period last year, the business earned ($0.08) EPS. As a group, analysts expect that GrafTech International Ltd. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EAF shares. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a 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 note on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1.80.

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.