Principal Financial Group Inc. Trims Stake in GrafTech International Ltd. (NYSE:EAF)

Principal Financial Group Inc. lowered its position in GrafTech International Ltd. (NYSE:EAF) by 25.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,546 shares of the company’s stock after selling 8,669 shares during the period. Principal Financial Group Inc.’s holdings in GrafTech International were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of EAF. Millennium Management LLC lifted its stake 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 during the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of GrafTech International by 60.8% during the second quarter. Clear Harbor Asset Management LLC now owns 868,790 shares of the company’s stock worth $843,000 after purchasing an additional 328,565 shares during the last quarter. Choreo LLC purchased a new stake in shares of GrafTech International during the second quarter valued at $155,000. O Keefe Stevens Advisory Inc. grew its holdings in shares of GrafTech International by 9.6% in the second quarter. O Keefe Stevens Advisory Inc. now owns 1,808,368 shares of the company’s stock worth $1,754,000 after purchasing an additional 157,776 shares during the last quarter. Finally, Fore Capital LLC increased its stake in GrafTech International by 120.0% in the 2nd quarter. Fore Capital LLC now owns 220,000 shares of the company’s stock worth $213,000 after buying an additional 120,000 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

GrafTech International Price Performance

GrafTech International stock opened at $2.11 on Wednesday. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 1.98. The stock has a market cap of $542.63 million, a price-to-earnings ratio of -1.80 and a beta of 0.94. The firm has a 50-day moving average of $1.70 and a two-hundred day moving average of $1.28. GrafTech International Ltd. has a 1 year low of $0.52 and a 1 year high of $2.76.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The firm had revenue of $130.65 million during the quarter, compared to analyst estimates of $128.14 million. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, research analysts forecast that GrafTech International Ltd. will post -0.43 earnings per share 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.