GrafTech International Ltd. (NYSE:EAF) Major Shareholder Colonial House Capital Ltd Acquires 163,250 Shares of Stock

GrafTech International Ltd. (NYSE:EAF) major shareholder Colonial House Capital Ltd bought 163,250 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average price of $1.81 per share, for a total transaction of $295,482.50. Following the transaction, the insider now owns 30,411,113 shares in the company, valued at $55,044,114.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Colonial House Capital Ltd also recently made the following trade(s):

• On Friday, May 3rd, Colonial House Capital Ltd purchased 533,009 shares of GrafTech International stock. The shares were acquired at an average price of $1.77 per share, for a total transaction of $943,425.93.
• On Friday, April 26th, Colonial House Capital Ltd acquired 179,279 shares of GrafTech International stock. The stock was bought at an average price of $1.48 per share, with a total value of $265,332.92.
• On Tuesday, April 16th, Colonial House Capital Ltd bought 2,303,599 shares of GrafTech International stock. The shares were bought at an average cost of $1.78 per share, for a total transaction of $4,100,406.22.

GrafTech International Trading Down 1.9 %

EAF opened at $1.78 on Wednesday. GrafTech International Ltd. has a fifty-two week low of $1.18 and a fifty-two week high of $5.32. The firm has a market capitalization of $456.48 million, a PE ratio of -1.63 and a beta of 1.05. The company has a debt-to-equity ratio of 24.74, a current ratio of 3.73 and a quick ratio of 1.91. The company’s 50-day moving average is $1.61 and its 200 day moving average is $1.94.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.08. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The firm had revenue of $136.80 million during the quarter, compared to the consensus estimate of $125.73 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EAF. BMO Capital Markets decreased their price target on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research note on Thursday, February 15th. UBS Group began coverage on GrafTech International in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 target price for the company. Citigroup cut their price target on GrafTech International from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, January 10th. Finally, Royal Bank of Canada decreased their price objective on GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1.88.

Institutional Investors Weigh In On GrafTech International

A number of institutional investors and hedge funds have recently bought and sold shares of EAF. New York State Common Retirement Fund grew its stake in shares of GrafTech International by 1,425.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,422,999 shares of the company’s stock worth $9,686,000 after acquiring an additional 4,132,961 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in GrafTech International by 15.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,425,109 shares of the company’s stock valued at $16,948,000 after buying an additional 591,574 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of GrafTech International by 12.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,971,588 shares of the company’s stock worth $87,981,000 after buying an additional 2,618,477 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of GrafTech International in the 4th quarter worth approximately $1,954,000. Finally, O Keefe Stevens Advisory Inc. grew its holdings in shares of GrafTech International by 1.6% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,559,840 shares of the company’s stock valued at $3,416,000 after acquiring an additional 25,169 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.