Russell Investments Group Ltd. Sells 35,812 Shares of GrafTech International Ltd. (NYSE:EAF)

Russell Investments Group Ltd. trimmed its stake in GrafTech International Ltd. (NYSE:EAFFree Report) by 18.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,413 shares of the company’s stock after selling 35,812 shares during the period. Russell Investments Group Ltd. owned 0.06% of GrafTech International worth $780,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EAF. Quantbot Technologies LP bought a new position in shares of GrafTech International in the 1st quarter worth $29,000. Robeco Institutional Asset Management B.V. bought a new position in shares of GrafTech International in the 1st quarter worth $40,000. CI Private Wealth LLC bought a new position in shares of GrafTech International in the 4th quarter worth $49,000. Pinnacle Wealth Planning Services Inc. acquired a new position in GrafTech International during the 4th quarter valued at about $51,000. Finally, Bank of Montreal Can acquired a new position in GrafTech International during the 4th quarter valued at about $52,000. 92.83% of the stock is owned by institutional investors.

GrafTech International Stock Up 1.1 %

Shares of EAF stock opened at $3.58 on Friday. The stock’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $4.71. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.70 and a current ratio of 4.10. The firm has a market capitalization of $919.38 million, a PE ratio of 7.16 and a beta of 1.36. GrafTech International Ltd. has a fifty-two week low of $3.45 and a fifty-two week high of $6.74.

GrafTech International (NYSE:EAFGet Free Report) last announced its quarterly earnings data on Friday, August 4th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $185.60 million during the quarter, compared to analyst estimates of $177.18 million. GrafTech International had a net margin of 14.68% and a return on equity of 40.42%. The firm’s revenue for the quarter was down 49.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Equities analysts expect that GrafTech International Ltd. will post -0.13 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BMO Capital Markets reduced their target price on GrafTech International from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Monday, August 7th. JPMorgan Chase & Co. assumed coverage on GrafTech International in a research report on Tuesday, May 23rd. They set a “neutral” rating on the stock.

Get Our Latest Stock Analysis on EAF

GrafTech International Profile

(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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