61,679 Shares in GrafTech International Ltd. (NYSE:EAF) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in GrafTech International Ltd. (NYSE:EAF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 61,679 shares of the company’s stock, valued at approximately $81,000.

Other institutional investors also recently made changes to their positions in the company. Millennium Management LLC increased its position in GrafTech International by 287.8% during the second 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 period. SG Americas Securities LLC acquired a new stake in shares of GrafTech International in the third quarter valued at approximately $156,000. Choreo LLC bought a new stake in shares of GrafTech International in the second quarter valued at approximately $155,000. XTX Topco Ltd increased its stake in GrafTech International by 179.6% during the 2nd quarter. XTX Topco Ltd now owns 135,485 shares of the company’s stock worth $131,000 after acquiring an additional 87,027 shares during the period. Finally, Rhumbline Advisers raised its holdings in GrafTech International by 9.5% in the 2nd quarter. Rhumbline Advisers now owns 323,504 shares of the company’s stock valued at $314,000 after acquiring an additional 28,179 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

GrafTech International Trading Up 1.5 %

Shares of GrafTech International stock opened at $2.06 on Monday. The firm has a market capitalization of $529.77 million, a PE ratio of -1.76 and a beta of 0.95. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. The firm’s 50 day moving average is $1.86 and its 200 day moving average is $1.29. 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) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. The company had revenue of $130.65 million during the quarter, compared to analysts’ expectations of $128.14 million. During the same period in the prior year, the company earned ($0.08) EPS. Equities research analysts forecast that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal 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.