Barclays PLC Trims Holdings in GrafTech International Ltd. (NYSE:EAF)

Barclays PLC lowered its position in shares of GrafTech International Ltd. (NYSE:EAF) by 76.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 369,948 shares of the company’s stock after selling 1,220,957 shares during the quarter. Barclays PLC owned 0.14% of GrafTech International worth $488,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EAF. Public Employees Retirement System of Ohio raised its position in shares of GrafTech International by 55.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company’s stock valued at $67,000 after purchasing an additional 18,130 shares during the period. Intech Investment Management LLC purchased a new stake in GrafTech International in the 3rd quarter worth $81,000. Tyler Stone Wealth Management raised its holdings in GrafTech International by 113.3% during the third quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock valued at $81,000 after acquiring an additional 32,450 shares during the period. XTX Topco Ltd lifted its position in shares of GrafTech International by 179.6% in the second quarter. XTX Topco Ltd now owns 135,485 shares of the company’s stock valued at $131,000 after acquiring an additional 87,027 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted 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 acquiring an additional 23,413 shares during the period. 92.83% of the stock is currently owned by institutional investors.

GrafTech International Trading Down 0.6 %

Shares of EAF stock opened at $1.72 on Friday. 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 stock has a market capitalization of $442.33 million, a price-to-earnings ratio of -1.47 and a beta of 0.95. GrafTech International Ltd. has a 12-month low of $0.52 and a 12-month high of $2.53. The stock’s 50-day moving average price is $1.95 and its 200-day moving average price is $1.33.

GrafTech International (NYSE:EAF) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The business had revenue of $130.65 million for the quarter, compared to the consensus estimate 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) EPS. Equities research analysts predict that GrafTech International Ltd. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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