BNP Paribas Financial Markets Has $169,000 Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

BNP Paribas Financial Markets boosted its holdings in GrafTech International Ltd. (NYSE:EAF) by 19.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,831 shares of the company’s stock after acquiring an additional 20,769 shares during the period. BNP Paribas Financial Markets’ holdings in GrafTech International were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EAF. Millennium Management LLC grew its holdings in 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. SG Americas Securities LLC acquired a new position in shares of GrafTech International during the third quarter valued at about $156,000. Choreo LLC bought a new stake in GrafTech International during the second quarter worth $155,000. Intech Investment Management LLC purchased a new stake in shares of GrafTech International in the third quarter valued at about $81,000. Finally, The Manufacturers Life Insurance Company increased its holdings in GrafTech International by 30.0% during 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 during the last quarter. 92.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

EAF has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th. Citigroup increased 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1.80.

GrafTech International Price Performance

Shares of GrafTech International stock opened at $1.94 on Wednesday. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 3.79. The stock has a 50 day moving average price of $1.93 and a 200-day moving average price of $1.30. The stock has a market cap of $498.90 million, a price-to-earnings ratio of -1.66 and a beta of 0.95. GrafTech International Ltd. has a one year low of $0.52 and a one year high of $2.53.

GrafTech International (NYSE:EAF) last announced 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 return on equity of 459.99% and a negative net margin of 55.21%. During the same quarter last year, the firm posted ($0.08) earnings per share. Equities analysts expect that GrafTech International Ltd. will post -0.43 EPS 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.