Choreo LLC Takes Position in GrafTech International Ltd. (NYSE:EAF)

Choreo LLC acquired a new position in shares of GrafTech International Ltd. (NYSE:EAF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 159,449 shares of the company’s stock, valued at approximately $155,000. Choreo LLC owned 0.06% of GrafTech International as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EAF. Price T Rowe Associates Inc. MD boosted its holdings in GrafTech International by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 182,899 shares of the company’s stock worth $253,000 after buying an additional 8,216 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of GrafTech International by 11.3% in the 1st quarter. Quadrature Capital Ltd now owns 81,219 shares of the company’s stock valued at $113,000 after acquiring an additional 8,271 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of GrafTech International by 58.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock valued at $35,000 after acquiring an additional 9,416 shares during the period. William Blair Investment Management LLC boosted its stake in GrafTech International by 0.3% during the 1st quarter. William Blair Investment Management LLC now owns 4,511,025 shares of the company’s stock worth $6,225,000 after acquiring an additional 12,648 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in GrafTech International by 12.0% during the first quarter. BNP Paribas Financial Markets now owns 123,395 shares of the company’s stock valued at $170,000 after purchasing an additional 13,203 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of GrafTech International from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 16th. BMO Capital Markets dropped their price objective on GrafTech International from $1.20 to $1.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1.75.

GrafTech International Stock Performance

Shares of EAF stock opened at $0.90 on Friday. The company has a debt-to-equity ratio of 57.38, a quick ratio of 2.01 and a current ratio of 4.22. GrafTech International Ltd. has a 52 week low of $0.52 and a 52 week high of $3.89. The company’s 50 day moving average price is $0.77 and its two-hundred day moving average price is $1.24. The company has a market capitalization of $231.60 million, a P/E ratio of -0.83 and a beta of 0.94.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Friday, July 26th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. The business had revenue of $137.33 million for the quarter, compared to analyst estimates of $122.48 million. GrafTech International had a negative net margin of 50.11% and a negative return on equity of 121.77%. On average, analysts expect that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal 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.