Squarepoint Ops LLC Sells 161,975 Shares of GrafTech International Ltd. (NYSE:EAF)

Squarepoint Ops LLC trimmed its stake in GrafTech International Ltd. (NYSE:EAF) by 27.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 425,432 shares of the company’s stock after selling 161,975 shares during the period. Squarepoint Ops LLC owned about 0.17% of GrafTech International worth $413,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sun Life Financial Inc. bought a new position in GrafTech International in the 4th quarter worth approximately $1,843,000. Quadrature Capital Ltd acquired a new position in shares of GrafTech International during the fourth quarter valued at $160,000. Welch Group LLC lifted its stake in shares of GrafTech International by 71.2% during the first quarter. Welch Group LLC now owns 34,243 shares of the company’s stock valued at $47,000 after acquiring an additional 14,243 shares during the period. Foundation Resource Management Inc. boosted its holdings in GrafTech International by 13.8% in the first quarter. Foundation Resource Management Inc. now owns 1,803,484 shares of the company’s stock valued at $2,489,000 after acquiring an additional 218,418 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its position in GrafTech International by 5.8% in the first quarter. O Keefe Stevens Advisory Inc. now owns 1,650,592 shares of the company’s stock worth $2,278,000 after purchasing an additional 90,752 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EAF shares. JPMorgan Chase & Co. lowered shares of GrafTech International from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 16th. BMO Capital Markets reduced their target price on GrafTech International from $1.20 to $1.00 and set a “market perform” rating on the stock in a report on Monday, July 29th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1.75.

GrafTech International Price Performance

Shares of NYSE:EAF opened at $1.51 on Friday. The company has a market capitalization of $388.32 million, a P/E ratio of -1.39 and a beta of 0.98. The company’s 50-day moving average is $0.88 and its 200 day moving average is $1.21. The company has a debt-to-equity ratio of 57.38, a quick ratio of 2.01 and a current ratio of 4.22. GrafTech International Ltd. has a fifty-two week low of $0.52 and a fifty-two week high of $3.89.

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

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.