Victory Capital Management Inc. trimmed its position in shares of GrafTech International Ltd. (NYSE:EAF – Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,240 shares of the company’s stock after selling 5,104 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of GrafTech International worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of GrafTech International by 7.5% in the 1st quarter. FMR LLC now owns 38,358,593 shares of the company’s stock valued at $186,423,000 after acquiring an additional 2,680,064 shares in the last quarter. Vanguard Group Inc. lifted its holdings in GrafTech International by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 23,925,413 shares of the company’s stock worth $230,163,000 after purchasing an additional 1,237,154 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in GrafTech International by 22.0% in the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 18,310,795 shares of the company’s stock worth $88,990,000 after purchasing an additional 3,297,984 shares during the last quarter. Yacktman Asset Management LP lifted its holdings in GrafTech International by 5.4% in the 1st quarter. Yacktman Asset Management LP now owns 8,534,101 shares of the company’s stock worth $41,476,000 after purchasing an additional 438,296 shares during the last quarter. Finally, Norges Bank acquired a new stake in GrafTech International in the 4th quarter worth approximately $39,465,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets reduced their target price on GrafTech International from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Monday, August 7th.
GrafTech International Stock Down 0.9 %
Shares of EAF stock opened at $3.42 on Thursday. GrafTech International Ltd. has a 12 month low of $3.18 and a 12 month high of $6.74. The firm has a market cap of $878.29 million, a PE ratio of 6.84 and a beta of 1.37. The stock has a 50 day moving average of $3.54 and a 200-day moving average of $4.23. The company has a quick ratio of 1.70, a current ratio of 4.10 and a debt-to-equity ratio of 2.90.
GrafTech International (NYSE:EAF – Get Free Report) last issued its quarterly earnings results on Friday, August 4th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). GrafTech International had a return on equity of 40.42% and a net margin of 14.68%. The business had revenue of $185.60 million for the quarter, compared to analyst estimates of $177.18 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was down 49.0% compared to the same quarter last year. On average, equities analysts predict that GrafTech International Ltd. will post -0.13 EPS for the current year.
About GrafTech International
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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