Ameriprise Financial Inc. Has $10.35 Million Stake in GrafTech International Ltd. (NYSE:EAF)

Ameriprise Financial Inc. lifted its holdings in shares of GrafTech International Ltd. (NYSE:EAF) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,981,468 shares of the company’s stock after acquiring an additional 1,182,040 shares during the period. Ameriprise Financial Inc. owned approximately 2.33% of GrafTech International worth $10,348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EAF. JPMorgan Chase & Co. increased its holdings in GrafTech International by 475.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company’s stock worth $3,246,000 after purchasing an additional 2,031,652 shares in the last quarter. Russell Investments Group Ltd. raised its position in GrafTech International by 25.2% in the 4th quarter. Russell Investments Group Ltd. now owns 613,586 shares of the company’s stock valued at $1,062,000 after buying an additional 123,574 shares during the last quarter. Barclays PLC lifted its stake in GrafTech International by 10.4% during the 4th quarter. Barclays PLC now owns 408,430 shares of the company’s stock valued at $706,000 after acquiring an additional 38,482 shares in the last quarter. Geode Capital Management LLC lifted its stake in GrafTech International by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,101,098 shares of the company’s stock valued at $8,827,000 after acquiring an additional 48,038 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in GrafTech International during the 4th quarter worth $142,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group cut their price target on shares of GrafTech International from $1.50 to $0.80 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. BMO Capital Markets cut 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 Monday, February 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2.00 price target on shares of GrafTech International in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1.63.

Insider Activity at GrafTech International

In other news, Director Jean-Marc Germain purchased 50,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $0.78 per share, with a total value of $39,000.00. Following the acquisition, the director now directly owns 90,000 shares in the company, valued at approximately $70,200. This trade represents a 125.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

GrafTech International Trading Up 0.7%

NYSE:EAF opened at $0.92 on Tuesday. The company has a market cap of $237.49 million, a P/E ratio of -1.80 and a beta of 1.28. GrafTech International Ltd. has a 1 year low of $0.52 and a 1 year high of $2.53. The company has a debt-to-equity ratio of 57.38, a current ratio of 4.55 and a quick ratio of 1.98. The stock’s fifty day moving average price is $0.78 and its two-hundred day moving average price is $1.35.

GrafTech International (NYSE:EAF) last posted its earnings results on Friday, April 25th. The company reported ($0.13) earnings per share for the quarter, beating 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 business had revenue of $111.84 million during the quarter, compared to analyst estimates of $122.33 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. As a group, analysts expect that GrafTech International Ltd. will post -0.57 EPS for the current year.

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.