Bank of New York Mellon Corp Has $1.07 Million Stock Position in GrafTech International Ltd. (NYSE:EAF)

Bank of New York Mellon Corp cut its holdings in shares of GrafTech International Ltd. (NYSE:EAF) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 618,892 shares of the company’s stock after selling 15,942 shares during the quarter. Bank of New York Mellon Corp owned about 0.24% of GrafTech International worth $1,071,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EAF. Rhumbline Advisers increased its stake in GrafTech International by 6.5% during the fourth quarter. Rhumbline Advisers now owns 343,757 shares of the company’s stock valued at $595,000 after acquiring an additional 20,902 shares during the period. Sonora Investment Management Group LLC increased its position in shares of GrafTech International by 31.8% during the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock valued at $50,000 after purchasing an additional 7,000 shares during the period. SG Americas Securities LLC raised its stake in shares of GrafTech International by 25.4% in the fourth quarter. SG Americas Securities LLC now owns 148,594 shares of the company’s stock valued at $257,000 after purchasing an additional 30,102 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in GrafTech International by 475.6% during the third quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company’s stock worth $3,246,000 after buying an additional 2,031,652 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of GrafTech International by 81.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,536,232 shares of the company’s stock valued at $6,623,000 after buying an additional 2,029,350 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup raised their price target 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $2.00 target price on shares of GrafTech International in a report on Monday, February 10th. BMO Capital Markets decreased their price target on 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. Finally, JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th.

GrafTech International Stock Performance

NYSE EAF opened at $1.01 on Tuesday. The firm has a market cap of $258.55 million, a price-to-earnings ratio of -1.97 and a beta of 0.92. GrafTech International Ltd. has a 1-year low of $0.52 and a 1-year high of $2.53. The company has a 50 day moving average of $1.28 and a 200-day moving average of $1.53. 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, topping analysts’ consensus estimates of ($0.14) by $0.01. GrafTech International had a negative return on equity of 709.85% and a negative net margin of 24.34%. During the same period last year, the company earned ($0.27) EPS. On average, equities analysts forecast that GrafTech International Ltd. will post -0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Rory F. O’donnell acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $1.04 per share, for a total transaction of $52,000.00. Following the transaction, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at approximately $104,000. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.