GrafTech International Ltd. (NYSE:EAF) Shares Sold by Fmr LLC

Fmr LLC lowered its stake in shares of GrafTech International Ltd. (NYSE:EAF) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,231,329 shares of the company’s stock after selling 170,653 shares during the period. Fmr LLC owned about 14.87% of GrafTech International worth $50,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in GrafTech International by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 182,899 shares of the company’s stock valued at $253,000 after purchasing an additional 8,216 shares in the last quarter. Algert Global LLC raised its position in shares of GrafTech International by 13.3% in the second quarter. Algert Global LLC now owns 164,094 shares of the company’s stock valued at $159,000 after buying an additional 19,224 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of GrafTech International by 30.0% in the third quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock worth $134,000 after buying an additional 23,413 shares in the last quarter. Foundation Resource Management Inc. lifted its stake in shares of GrafTech International by 1.3% in the third quarter. Foundation Resource Management Inc. now owns 1,873,481 shares of the company’s stock worth $2,473,000 after buying an additional 24,138 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in GrafTech International by 9.5% during the second quarter. Rhumbline Advisers now owns 323,504 shares of the company’s stock worth $314,000 after acquiring an additional 28,179 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on EAF shares. JPMorgan Chase & Co. upgraded shares of GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday. Citigroup increased their price target on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1.80.

GrafTech International Price Performance

Shares of EAF stock opened at $2.06 on Friday. 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 company has a market capitalization of $529.77 million, a PE ratio of -1.76 and a beta of 0.95. The firm’s 50-day moving average is $1.86 and its two-hundred day moving average is $1.29. GrafTech International Ltd. has a 12 month low of $0.52 and a 12 month high of $2.76.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. The firm had revenue of $130.65 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned ($0.08) EPS. Analysts predict that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

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.