GrafTech International Ltd. (NYSE:EAF) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in GrafTech International Ltd. (NYSE:EAF) by 1,425.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,422,999 shares of the company’s stock after acquiring an additional 4,132,961 shares during the period. New York State Common Retirement Fund’s holdings in GrafTech International were worth $9,686,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of GrafTech International by 15.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,425,109 shares of the company’s stock worth $16,948,000 after purchasing an additional 591,574 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of GrafTech International by 12.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,971,588 shares of the company’s stock valued at $87,981,000 after buying an additional 2,618,477 shares during the period. Cerity Partners LLC purchased a new position in shares of GrafTech International during the 4th quarter valued at $1,954,000. O Keefe Stevens Advisory Inc. increased its stake in shares of GrafTech International by 1.6% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,559,840 shares of the company’s stock worth $3,416,000 after acquiring an additional 25,169 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of GrafTech International during the fourth quarter worth $48,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

GrafTech International Stock Down 2.9 %

Shares of GrafTech International stock opened at $1.67 on Thursday. GrafTech International Ltd. has a 12-month low of $1.18 and a 12-month high of $5.32. The stock has a market capitalization of $429.47 million, a P/E ratio of -1.53 and a beta of 1.14. The company has a quick ratio of 1.81, a current ratio of 3.73 and a debt-to-equity ratio of 24.74. The stock has a 50 day moving average price of $1.58 and a two-hundred day moving average price of $1.99.

GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Friday, April 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.08. The business had revenue of $136.80 million during the quarter, compared to the consensus estimate of $125.73 million. GrafTech International had a negative net margin of 45.08% and a negative return on equity of 66.36%. GrafTech International’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. Equities analysts expect that GrafTech International Ltd. will post -0.52 earnings per share for the current year.

Insider Transactions at GrafTech International

In other GrafTech International news, major shareholder Colonial House Capital Ltd bought 179,279 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $1.48 per share, for a total transaction of $265,332.92. Following the purchase, the insider now directly owns 29,714,854 shares in the company, valued at $43,977,983.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EAF has been the topic of a number of recent research reports. BMO Capital Markets lowered their target price on GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research note on Thursday, February 15th. Citigroup lowered their price target on GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. UBS Group initiated coverage on shares of GrafTech International in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 target price for the company. Finally, Royal Bank of Canada dropped their price target on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1.88.

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.