Quantbot Technologies LP Buys Shares of 81,909 GrafTech International Ltd. (NYSE:EAF)

Quantbot Technologies LP purchased a new position in GrafTech International Ltd. (NYSE:EAF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 81,909 shares of the company’s stock, valued at approximately $142,000.

A number of other institutional investors have also made changes to their positions in EAF. Cibc World Markets Corp bought a new position in GrafTech International during the fourth quarter worth about $42,000. Sonora Investment Management Group LLC raised its position in shares of GrafTech International by 31.8% in the 4th quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock valued at $50,000 after acquiring an additional 7,000 shares during the period. Public Employees Retirement System of Ohio boosted its stake in 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 worth $67,000 after acquiring an additional 18,130 shares during the last quarter. Intech Investment Management LLC acquired a new position in GrafTech International during the third quarter valued at approximately $81,000. Finally, The Manufacturers Life Insurance Company increased 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 valued at $134,000 after purchasing an additional 23,413 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other GrafTech International news, CFO Rory F. O’donnell purchased 50,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $1.04 per share, for a total transaction of $52,000.00. Following the completion of the transaction, the chief financial officer now owns 100,000 shares in the company, valued at approximately $104,000. This represents a 100.00 % increase in their ownership of the stock. The acquisition 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.

GrafTech International Stock Performance

EAF opened at $0.95 on Monday. The company has a market capitalization of $244.40 million, a price-to-earnings ratio of -1.86 and a beta of 0.92. The business’s 50-day moving average price is $1.23 and its two-hundred day moving average price is $1.54. 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 current ratio of 4.55 and a quick ratio of 1.98.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EAF shares. JPMorgan Chase & Co. raised shares of GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. BMO Capital Markets decreased their target price on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research note on Monday, February 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2.00 price objective on shares of GrafTech International in a report on Monday, February 10th. Finally, Citigroup increased 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.

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.