Summit Trail Advisors LLC Increases Position in GrafTech International Ltd. (NYSE:EAF)

Summit Trail Advisors LLC lifted its position in GrafTech International Ltd. (NYSE:EAF) by 149.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,811 shares of the company’s stock after purchasing an additional 27,451 shares during the quarter. Summit Trail Advisors LLC’s holdings in GrafTech International were worth $100,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EAF. Grantham Mayo Van Otterloo & Co. LLC grew its position in GrafTech International by 12.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,971,588 shares of the company’s stock valued at $87,981,000 after acquiring an additional 2,618,477 shares during the last quarter. Yacktman Asset Management LP raised its position in GrafTech International by 27.6% in the 4th quarter. Yacktman Asset Management LP now owns 11,922,290 shares of the company’s stock worth $26,110,000 after purchasing an additional 2,580,133 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in GrafTech International by 15.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,425,109 shares of the company’s stock worth $16,948,000 after purchasing an additional 591,574 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of GrafTech International by 1,425.0% during the fourth quarter. New York State Common Retirement Fund now owns 4,422,999 shares of the company’s stock valued at $9,686,000 after buying an additional 4,132,961 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of GrafTech International by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 2,287,363 shares of the company’s stock worth $8,761,000 after buying an additional 75,943 shares during the period. 92.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group started coverage on GrafTech International in a report on Tuesday, January 16th. They set a “neutral” rating and a $2.00 target price for the company. 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 note on Thursday, February 15th. Finally, Royal Bank of Canada dropped their price target on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a research report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1.88.

Insiders Place Their Bets

In other GrafTech International news, major shareholder Colonial House Capital Ltd bought 179,279 shares of GrafTech International stock in a transaction dated Friday, April 26th. The shares were purchased at an average cost of $1.48 per share, with a total value of $265,332.92. Following the transaction, the insider now directly owns 29,714,854 shares of the company’s stock, valued at $43,977,983.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders bought 3,179,137 shares of company stock worth $5,604,648. 0.60% of the stock is owned by corporate insiders.

GrafTech International Stock Up 2.3 %

Shares of GrafTech International stock opened at $1.77 on Friday. The company’s fifty day simple moving average is $1.61 and its two-hundred day simple moving average is $1.93. GrafTech International Ltd. has a 12-month low of $1.18 and a 12-month high of $5.32. The company has a current ratio of 3.73, a quick ratio of 1.91 and a debt-to-equity ratio of 24.74. The company has a market cap of $455.19 million, a P/E ratio of -1.62 and a beta of 1.05.

GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Friday, April 26th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.08. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The business had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $125.73 million. During the same period in the previous year, the firm posted ($0.02) EPS. The business’s revenue was down 1.4% on a year-over-year basis. Research analysts anticipate that GrafTech International Ltd. will post -0.43 EPS for the current year.

GrafTech International 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.