Rhumbline Advisers Acquires 28,179 Shares of GrafTech International Ltd. (NYSE:EAF)

Rhumbline Advisers lifted its holdings in shares of GrafTech International Ltd. (NYSE:EAF) by 9.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 323,504 shares of the company’s stock after acquiring an additional 28,179 shares during the period. Rhumbline Advisers owned approximately 0.13% of GrafTech International worth $314,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of GrafTech International by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 182,899 shares of the company’s stock worth $253,000 after purchasing an additional 8,216 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of GrafTech International by 11.3% during the 1st quarter. Quadrature Capital Ltd now owns 81,219 shares of the company’s stock worth $113,000 after purchasing an additional 8,271 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of GrafTech International by 58.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock worth $35,000 after purchasing an additional 9,416 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of GrafTech International by 0.3% during the 1st quarter. William Blair Investment Management LLC now owns 4,511,025 shares of the company’s stock worth $6,225,000 after purchasing an additional 12,648 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of GrafTech International by 12.0% during the 1st quarter. BNP Paribas Financial Markets now owns 123,395 shares of the company’s stock worth $170,000 after purchasing an additional 13,203 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

GrafTech International Trading Up 10.7 %

EAF opened at $1.14 on Friday. GrafTech International Ltd. has a 1-year low of $0.52 and a 1-year high of $3.89. The firm has a 50-day moving average price of $0.76 and a two-hundred day moving average price of $1.22. The company has a current ratio of 4.22, a quick ratio of 2.01 and a debt-to-equity ratio of 57.38. The stock has a market capitalization of $293.17 million, a PE ratio of -1.05 and a beta of 0.94.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Friday, July 26th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. GrafTech International had a negative net margin of 50.11% and a negative return on equity of 121.77%. The company had revenue of $137.33 million during the quarter, compared to analysts’ expectations of $122.48 million. As a group, equities analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EAF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut shares of GrafTech International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 16th. BMO Capital Markets lowered their price objective on shares of GrafTech International from $1.20 to $1.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, GrafTech International has an average rating of “Hold” and an average price target of $1.75.

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.