Colonial House Capital Ltd Acquires 533,009 Shares of GrafTech International Ltd. (NYSE:EAF) Stock

GrafTech International Ltd. (NYSE:EAF) major shareholder Colonial House Capital Ltd acquired 533,009 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $1.77 per share, with a total value of $943,425.93. Following the completion of the acquisition, the insider now owns 30,247,863 shares in the company, valued at approximately $53,538,717.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Colonial House Capital Ltd also recently made the following trade(s):

• On Friday, April 26th, Colonial House Capital Ltd acquired 179,279 shares of GrafTech International stock. The shares were purchased at an average cost of $1.48 per share, with a total value of $265,332.92.
• On Tuesday, April 16th, Colonial House Capital Ltd acquired 2,303,599 shares of GrafTech International stock. The shares were purchased at an average cost of $1.78 per share, with a total value of $4,100,406.22.

GrafTech International Price Performance

NYSE:EAF opened at $1.81 on Tuesday. The stock has a market cap of $465.48 million, a P/E ratio of -1.66 and a beta of 1.05. GrafTech International Ltd. has a one year low of $1.18 and a one year high of $5.32. The company has a fifty day moving average price of $1.60 and a 200 day moving average price of $1.95. The company has a debt-to-equity ratio of 24.74, a current ratio of 3.73 and a quick ratio of 1.91.

GrafTech International (NYSE:EAF) last announced its quarterly earnings data 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. GrafTech International had a negative net margin of 45.08% and a negative return on equity of 66.36%. The company had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $125.73 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The business’s revenue was down 1.4% on a year-over-year basis. Analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EAF. 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. Royal Bank of Canada decreased their price objective on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. Citigroup cut their target price on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. Finally, UBS Group assumed coverage on shares of GrafTech International in a research note on Tuesday, January 16th. They set a “neutral” rating and a $2.00 target price for the company. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, GrafTech International currently has a consensus rating of “Hold” and a consensus target price of $1.88.

Hedge Funds Weigh In On GrafTech International

A number of hedge funds have recently made changes to their positions in EAF. CWM LLC raised its stake in shares of GrafTech International by 211.9% in the 4th quarter. CWM LLC now owns 14,000 shares of the company’s stock valued at $31,000 after buying an additional 9,511 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of GrafTech International during the 3rd quarter worth about $44,000. Terril Brothers Inc. acquired a new stake in shares of GrafTech International during the 4th quarter worth about $44,000. Welch Group LLC increased its position in shares of GrafTech International by 71.2% during the 1st quarter. Welch Group LLC now owns 34,243 shares of the company’s stock worth $47,000 after purchasing an additional 14,243 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of GrafTech International during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

GrafTech International Company 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.