Rhumbline Advisers Increases Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Rhumbline Advisers lifted its position in shares of GrafTech International Ltd. (NYSE:EAF) by 6.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 343,757 shares of the company’s stock after buying an additional 20,902 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of GrafTech International worth $595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tyler Stone Wealth Management lifted its holdings in shares of GrafTech International by 113.3% in the third 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. Intech Investment Management LLC acquired a new position in shares of GrafTech International during the 3rd quarter worth approximately $81,000. The Manufacturers Life Insurance Company lifted its stake in GrafTech International by 30.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock valued at $134,000 after buying an additional 23,413 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in GrafTech International by 19.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company’s stock valued at $169,000 after buying an additional 20,769 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in GrafTech International during the third quarter worth $155,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

GrafTech International Stock Performance

GrafTech International stock opened at $1.16 on Friday. The stock has a fifty day moving average price of $1.43 and a 200 day moving average price of $1.50. GrafTech International Ltd. has a 52 week low of $0.52 and a 52 week high of $2.53. The firm has a market capitalization of $297.14 million, a P/E ratio of -2.26 and a beta of 0.92. The company has a current ratio of 4.55, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38.

GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Wednesday, February 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 net margin of 24.34% and a negative return on equity of 709.85%. During the same quarter in the prior year, the company posted ($0.27) earnings per share. Equities research analysts anticipate that GrafTech International Ltd. will post -0.57 earnings per share for the current year.

Insider Transactions at GrafTech International

In other GrafTech International news, CFO Rory F. O’donnell bought 50,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $1.04 per share, with a total value of $52,000.00. Following the completion of the transaction, the chief financial officer now owns 100,000 shares in the company, valued at $104,000. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citigroup upped their price objective on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. BMO Capital Markets decreased their price target on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $2.00 price objective on shares of GrafTech International in a research note on Monday, February 10th.

About GrafTech International

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.