Colonial House Capital Ltd Buys 163,250 Shares of GrafTech International Ltd. (NYSE:EAF) Stock

GrafTech International Ltd. (NYSE:EAF) major shareholder Colonial House Capital Ltd purchased 163,250 shares of the company’s stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $1.81 per share, for a total transaction of $295,482.50. Following the purchase, the insider now owns 30,411,113 shares in the company, valued at approximately $55,044,114.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, May 3rd, Colonial House Capital Ltd purchased 533,009 shares of GrafTech International stock. The stock was acquired at an average price of $1.77 per share, for a total transaction of $943,425.93.
• On Friday, April 26th, Colonial House Capital Ltd purchased 179,279 shares of GrafTech International stock. The shares were bought at an average price 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 stock was purchased at an average cost of $1.78 per share, with a total value of $4,100,406.22.

GrafTech International Price Performance

EAF stock opened at $1.74 on Thursday. The stock has a market cap of $446.19 million, a price-to-earnings ratio of -1.59 and a beta of 1.05. GrafTech International Ltd. has a 52-week low of $1.18 and a 52-week high of $5.32. The business has a fifty day moving average of $1.61 and a two-hundred day moving average of $1.94. The company has a quick ratio of 1.91, a current ratio of 3.73 and a debt-to-equity ratio of 24.74.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. The business 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 45.08% and a negative return on equity of 66.36%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business earned ($0.02) earnings per share. As a group, research analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EAF shares. Royal Bank of Canada cut 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. Citigroup cut their price objective on GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, January 10th. UBS Group began coverage on GrafTech International in a research report on Tuesday, January 16th. They set a “neutral” rating and a $2.00 target price on the stock. Finally, BMO Capital Markets cut their price target 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. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EAF. New York State Common Retirement Fund lifted its position in shares of GrafTech International by 1,425.0% during the fourth quarter. New York State Common Retirement Fund now owns 4,422,999 shares of the company’s stock worth $9,686,000 after purchasing an additional 4,132,961 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in GrafTech International by 12.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,971,588 shares of the company’s stock valued at $87,981,000 after acquiring an additional 2,618,477 shares in the last quarter. Yacktman Asset Management LP increased its position in shares of GrafTech International by 27.6% during the fourth quarter. Yacktman Asset Management LP now owns 11,922,290 shares of the company’s stock worth $26,110,000 after purchasing an additional 2,580,133 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of GrafTech International by 24.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,521,068 shares of the company’s stock valued at $12,091,000 after purchasing an additional 1,095,959 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in GrafTech International during the 4th quarter worth approximately $1,954,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.