The Manufacturers Life Insurance Company Purchases 23,413 Shares of GrafTech International Ltd. (NYSE:EAF)

The Manufacturers Life Insurance Company boosted its position in GrafTech International Ltd. (NYSE:EAF) by 30.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,449 shares of the company’s stock after acquiring an additional 23,413 shares during the period. The Manufacturers Life Insurance Company’s holdings in GrafTech International were worth $134,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EAF. Algert Global LLC boosted its holdings in 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 acquiring an additional 19,224 shares in the last quarter. Foundation Resource Management Inc. lifted its position in shares of GrafTech International by 1.3% in the 3rd quarter. Foundation Resource Management Inc. now owns 1,873,481 shares of the company’s stock worth $2,473,000 after purchasing an additional 24,138 shares during the period. Rhumbline Advisers lifted its position in shares of GrafTech International by 9.5% in the 2nd quarter. Rhumbline Advisers now owns 323,504 shares of the company’s stock worth $314,000 after purchasing an additional 28,179 shares during the period. Tyler Stone Wealth Management boosted its stake in shares of GrafTech International by 113.3% during the 3rd quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock valued at $81,000 after purchasing an additional 32,450 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in GrafTech International in the third quarter worth about $81,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

GrafTech International Stock Down 1.7 %

EAF opened at $2.00 on Tuesday. The stock has a market capitalization of $513.05 million, a price-to-earnings ratio of -1.71 and a beta of 0.95. The firm has a 50 day moving average price of $1.92 and a 200-day moving average price of $1.30. GrafTech International Ltd. has a twelve month low of $0.52 and a twelve month high of $2.53. The company has a quick ratio of 1.98, a current ratio of 3.79 and a debt-to-equity ratio of 57.38.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. The company 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 company posted ($0.08) earnings per share. Equities research analysts forecast that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

EAF has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded shares of GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. Citigroup boosted their price objective on shares of GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, GrafTech International presently has an average rating of “Hold” and a consensus target price of $1.80.

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.