Grantham Mayo Van Otterloo & Co. LLC Sells 5,233,228 Shares of GrafTech International Ltd. $EAF

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in shares of GrafTech International Ltd. (NYSE:EAF) by 46.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,027,812 shares of the company’s stock after selling 5,233,228 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 2.33% of GrafTech International worth $5,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EAF. Vanguard Personalized Indexing Management LLC grew its holdings in shares of GrafTech International by 42.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock worth $27,000 after purchasing an additional 8,188 shares during the last quarter. Quantbot Technologies LP boosted its position in GrafTech International by 17.0% in the first quarter. Quantbot Technologies LP now owns 95,810 shares of the company’s stock valued at $84,000 after buying an additional 13,901 shares in the last quarter. Rhumbline Advisers grew its stake in GrafTech International by 4.4% during the first quarter. Rhumbline Advisers now owns 358,904 shares of the company’s stock worth $314,000 after buying an additional 15,147 shares during the last quarter. CWM LLC increased its holdings in shares of GrafTech International by 63.7% during the second quarter. CWM LLC now owns 66,335 shares of the company’s stock worth $65,000 after buying an additional 25,818 shares in the last quarter. Finally, Rathbones Group PLC acquired a new stake in shares of GrafTech International during the first quarter worth approximately $35,000. 92.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of GrafTech International in a report on Wednesday, October 8th. Citigroup boosted their price objective on GrafTech International from $10.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded GrafTech International from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Zacks Research cut GrafTech International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $14.25.

GrafTech International Stock Performance

Shares of EAF opened at $14.42 on Friday. The business’s fifty day moving average price is $14.51 and its two-hundred day moving average price is $12.31. The firm has a market capitalization of $372.32 million, a price-to-earnings ratio of -1.83 and a beta of 1.73. GrafTech International Ltd. has a 52 week low of $5.50 and a 52 week high of $22.60.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Friday, October 24th. The company reported ($1.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.22) by $0.19. The firm had revenue of $144.00 million for the quarter, compared to analyst estimates of $139.58 million. As a group, research analysts forecast that GrafTech International Ltd. will post -0.57 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.