Jane Street Group LLC Boosts Stake in GrafTech International Ltd. (NYSE:EAF)

Jane Street Group LLC grew its stake in shares of GrafTech International Ltd. (NYSE:EAF) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 885,147 shares of the company’s stock after buying an additional 106,091 shares during the period. Jane Street Group LLC owned 0.34% of GrafTech International worth $1,168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Algert Global LLC raised its holdings in GrafTech International by 13.3% in the 2nd quarter. Algert Global LLC now owns 164,094 shares of the company’s stock valued at $159,000 after acquiring an additional 19,224 shares during the last quarter. BNP Paribas Financial Markets increased its stake in GrafTech International by 19.4% in the third quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company’s stock valued at $169,000 after purchasing an additional 20,769 shares during the last quarter. 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 during the last quarter. Foundation Resource Management Inc. lifted its position in GrafTech International by 1.3% during the third quarter. Foundation Resource Management Inc. now owns 1,873,481 shares of the company’s stock worth $2,473,000 after buying an additional 24,138 shares during the period. Finally, Rhumbline Advisers boosted its stake in GrafTech International by 9.5% in the 2nd quarter. Rhumbline Advisers now owns 323,504 shares of the company’s stock worth $314,000 after buying an additional 28,179 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. raised shares of GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1.80.

GrafTech International Stock Performance

GrafTech International stock opened at $1.67 on Monday. The company has a market cap of $429.47 million, a price-to-earnings ratio of -1.43 and a beta of 0.95. GrafTech International Ltd. has a 12 month low of $0.52 and a 12 month high of $2.53. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 1.98. The stock’s 50-day moving average is $1.95 and its 200-day moving average is $1.32.

GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. The firm had revenue of $130.65 million for the quarter, compared to analyst estimates of $128.14 million. During the same quarter last year, the firm posted ($0.08) earnings per share. Equities analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

GrafTech International 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.