JPMorgan Chase & Co. Buys 2,031,652 Shares of GrafTech International Ltd. (NYSE:EAF)

JPMorgan Chase & Co. raised its holdings in shares of GrafTech International Ltd. (NYSE:EAF) by 475.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,458,829 shares of the company’s stock after acquiring an additional 2,031,652 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.96% of GrafTech International worth $3,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in GrafTech International by 55.0% during the third 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 last quarter. Tyler Stone Wealth Management grew its stake in shares of 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 buying an additional 32,450 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of GrafTech International during the 3rd quarter worth approximately $81,000. XTX Topco Ltd lifted its holdings in GrafTech International by 179.6% during the 2nd quarter. XTX Topco Ltd now owns 135,485 shares of the company’s stock valued at $131,000 after buying an additional 87,027 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in 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 purchasing an additional 23,413 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. Citigroup raised their target price on GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd.

GrafTech International Stock Performance

EAF opened at $1.83 on Monday. GrafTech International Ltd. has a 52-week low of $0.52 and a 52-week high of $2.53. The firm’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $1.39. The company has a quick ratio of 1.98, a current ratio of 3.79 and a debt-to-equity ratio of 57.38. The company has a market cap of $471.39 million, a price-to-earnings ratio of -1.57 and a beta of 0.99.

GrafTech International (NYSE:EAF) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The firm 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 last year, the business posted ($0.08) earnings per share. Equities analysts anticipate 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.