Swiss National Bank Has $887,000 Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Swiss National Bank trimmed its position in shares of GrafTech International Ltd. (NYSE:EAFFree Report) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 404,900 shares of the company’s stock after selling 46,600 shares during the quarter. Swiss National Bank owned approximately 0.16% of GrafTech International worth $887,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new position in shares of GrafTech International in the third quarter worth approximately $44,000. CWM LLC lifted its stake in shares of GrafTech International by 211.9% in the fourth quarter. CWM LLC now owns 14,000 shares of the company’s stock worth $31,000 after acquiring an additional 9,511 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in shares of GrafTech International in the third quarter worth approximately $63,000. Jump Financial LLC acquired a new position in shares of GrafTech International in the third quarter worth approximately $72,000. Finally, Terril Brothers Inc. acquired a new position in shares of GrafTech International in the fourth quarter worth approximately $44,000. 92.83% of the stock is owned by institutional investors and hedge funds.

GrafTech International Stock Down 4.0 %

Shares of NYSE EAF opened at $1.70 on Friday. GrafTech International Ltd. has a 52 week low of $1.18 and a 52 week high of $5.32. The business has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $1.81. The company has a quick ratio of 1.91, a current ratio of 3.73 and a debt-to-equity ratio of 24.74. The company has a market cap of $437.19 million, a P/E ratio of -1.56 and a beta of 1.05.

GrafTech International (NYSE:EAFGet Free Report) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.08. The firm had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $125.73 million. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. Research analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal year.

Insider Activity at GrafTech International

In related news, major shareholder Colonial House Capital Ltd purchased 179,279 shares of GrafTech International stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $1.48 per share, for a total transaction of $265,332.92. Following the transaction, the insider now directly owns 29,714,854 shares in the company, valued at $43,977,983.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have bought 3,626,085 shares of company stock valued at $6,379,107. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

EAF has been the subject of a number of research analyst reports. BMO Capital Markets lowered their target price on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a report on Thursday, February 15th. Royal Bank of Canada lowered their target price 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. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1.88.

Get Our Latest Analysis on GrafTech International

About GrafTech International

(Free Report)

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.

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Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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