GrafTech International Ltd. (NYSE:EAF) Stock Holdings Lessened by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of GrafTech International Ltd. (NYSE:EAF) by 80.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,991 shares of the company’s stock after selling 88,784 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in GrafTech International were worth $46,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its stake in GrafTech International by 39.2% in the third quarter. J.W. Cole Advisors Inc. now owns 14,726 shares of the company’s stock valued at $56,000 after purchasing an additional 4,147 shares in the last quarter. Swiss National Bank lifted its holdings in shares of GrafTech International by 1.0% during the 3rd quarter. Swiss National Bank now owns 451,500 shares of the company’s stock valued at $1,729,000 after buying an additional 4,400 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of GrafTech International by 21.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 30,645 shares of the company’s stock valued at $117,000 after buying an additional 5,488 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in GrafTech International in the third quarter worth approximately $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in GrafTech International by 36.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,186 shares of the company’s stock valued at $196,000 after acquiring an additional 13,730 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

GrafTech International Price Performance

NYSE EAF opened at $1.58 on Monday. GrafTech International Ltd. has a 1 year low of $1.18 and a 1 year high of $5.32. The company has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $2.02. The company has a current ratio of 3.54, a quick ratio of 1.81 and a debt-to-equity ratio of 11.90. The company has a market cap of $406.31 million, a P/E ratio of -1.45 and a beta of 1.14.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Friday, April 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. The company had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $125.73 million. GrafTech International had a negative net margin of 41.14% and a negative return on equity of 39.57%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. On average, sell-side analysts predict that GrafTech International Ltd. will post -0.52 EPS for the current year.

Insider Activity at GrafTech International

In other GrafTech International news, major shareholder Colonial House Capital Ltd purchased 2,303,599 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $1.78 per share, with a total value of $4,100,406.22. Following the transaction, the insider now directly owns 29,535,575 shares in the company, valued at approximately $52,573,323.50. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.