Dimensional Fund Advisors LP Lowers Holdings in GrafTech International Ltd. (NYSE:EAF)

Dimensional Fund Advisors LP lowered its stake in shares of GrafTech International Ltd. (NYSE:EAF) by 60.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,752 shares of the company’s stock after selling 496,713 shares during the quarter. Dimensional Fund Advisors LP owned about 0.13% of GrafTech International worth $572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EAF. Cibc World Markets Corp purchased a new position in GrafTech International in the fourth quarter valued at about $42,000. Sonora Investment Management Group LLC grew its stake in GrafTech International by 31.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock valued at $50,000 after purchasing an additional 7,000 shares during the last quarter. EntryPoint Capital LLC purchased a new position in GrafTech International in the fourth quarter valued at about $73,000. Tyler Stone Wealth Management grew its stake in GrafTech International by 24.5% in the fourth quarter. Tyler Stone Wealth Management now owns 76,100 shares of the company’s stock valued at $132,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in GrafTech International in the fourth quarter valued at about $142,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Insider Buying and Selling at GrafTech International

In related news, Director Jean-Marc Germain purchased 50,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $0.78 per share, with a total value of $39,000.00. Following the completion of the acquisition, the director now owns 90,000 shares of the company’s stock, valued at $70,200. The trade was a 125.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2.00 target price on shares of GrafTech International in a research note on Monday, February 10th. UBS Group lowered their price target on GrafTech International from $1.50 to $0.80 and set a “neutral” rating for the company in a report on Tuesday. Finally, BMO Capital Markets lowered their price target on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1.63.

GrafTech International Trading Up 8.6%

GrafTech International stock opened at $0.92 on Friday. The company has a quick ratio of 1.98, a current ratio of 4.55 and a debt-to-equity ratio of 57.38. GrafTech International Ltd. has a 52 week low of $0.52 and a 52 week high of $2.53. The company has a market capitalization of $236.43 million, a price-to-earnings ratio of -1.80 and a beta of 1.28. The stock has a 50-day moving average price of $0.78 and a 200 day moving average price of $1.36.

GrafTech International (NYSE:EAF) last released its earnings results on Friday, April 25th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. GrafTech International had a negative return on equity of 709.85% and a negative net margin of 24.34%. The firm had revenue of $111.84 million during the quarter, compared to the consensus estimate of $122.33 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Sell-side analysts anticipate that GrafTech International Ltd. will post -0.57 EPS for the current year.

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.