GrafTech International Ltd. (NYSE:EAF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in GrafTech International Ltd. (NYSE:EAF) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,439,917 shares of the company’s stock after selling 1,632,129 shares during the period. Charles Schwab Investment Management Inc. owned 1.34% of GrafTech International worth $5,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of GrafTech International by 475.6% during the third quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company’s stock valued at $3,246,000 after acquiring an additional 2,031,652 shares during the period. Franklin Resources Inc. lifted its position in 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 purchasing an additional 2,029,350 shares during the last quarter. Virtu Financial LLC boosted its stake in GrafTech International by 385.5% during the 3rd quarter. Virtu Financial LLC now owns 175,702 shares of the company’s stock valued at $232,000 after purchasing an additional 139,513 shares during the period. Paloma Partners Management Co bought a new position in GrafTech International in the 3rd quarter worth about $155,000. Finally, Jane Street Group LLC increased its stake in shares of GrafTech International by 13.6% in the third quarter. Jane Street Group LLC now owns 885,147 shares of the company’s stock valued at $1,168,000 after purchasing an additional 106,091 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

GrafTech International Stock Up 1.5 %

Shares of EAF stock opened at $1.01 on Tuesday. GrafTech International Ltd. has a 1 year low of $0.52 and a 1 year high of $2.53. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 4.55. The business’s fifty day moving average is $1.28 and its 200-day moving average is $1.53. The stock has a market cap of $258.55 million, a PE ratio of -1.97 and a beta of 0.92.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned ($0.27) EPS. Equities analysts expect that GrafTech International Ltd. will post -0.57 earnings per share for the current fiscal year.

Insider Activity at GrafTech International

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

Analyst Upgrades and Downgrades

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

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.