Allspring Global Investments Holdings LLC Has $127,000 Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Allspring Global Investments Holdings LLC grew its holdings in GrafTech International Ltd. (NYSE:EAF) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,157 shares of the company’s stock after buying an additional 4,540 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in GrafTech International were worth $127,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Tectonic Advisors LLC raised its stake in shares of GrafTech International by 4.3% in the 2nd quarter. Tectonic Advisors LLC now owns 102,187 shares of the company’s stock valued at $515,000 after buying an additional 4,194 shares in the last quarter. Foundation Resource Management Inc. grew its holdings in shares of GrafTech International by 4.9% in the 2nd quarter. Foundation Resource Management Inc. now owns 1,623,918 shares of the company’s stock worth $8,185,000 after purchasing an additional 76,257 shares during the last quarter. Level Four Advisory Services LLC grew its holdings in shares of GrafTech International by 31.2% in the 2nd quarter. Level Four Advisory Services LLC now owns 413,626 shares of the company’s stock worth $2,085,000 after purchasing an additional 98,329 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its holdings in shares of GrafTech International by 8.1% in the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 822,124 shares of the company’s stock worth $4,144,000 after purchasing an additional 61,806 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of GrafTech International in the 1st quarter worth about $4,320,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

GrafTech International Stock Up 4.2 %

EAF opened at $2.50 on Wednesday. GrafTech International Ltd. has a twelve month low of $2.20 and a twelve month high of $6.74. The firm’s 50-day simple moving average is $3.38 and its 200-day simple moving average is $4.09. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.98 and a current ratio of 4.21. The firm has a market cap of $642.03 million, a price-to-earnings ratio of 50.01 and a beta of 1.39.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Friday, November 3rd. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). GrafTech International had a return on equity of 3.94% and a net margin of 1.71%. The company had revenue of $159.00 million for the quarter, compared to the consensus estimate of $179.96 million. During the same period in the prior year, the company earned $0.37 EPS. The firm’s revenue was down 47.7% compared to the same quarter last year. Equities research analysts anticipate that GrafTech International Ltd. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EAF shares. TheStreet lowered shares of GrafTech International from a “c-” rating to a “d+” rating in a report on Monday, November 6th. BMO Capital Markets lowered their target price on shares of GrafTech International from $5.00 to $4.50 and set a “market perform” rating on the stock in a report on Monday, August 7th.

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.