Deutsche Bank AG Purchases 743,805 Shares of GrafTech International Ltd. (NYSE:EAF)

Deutsche Bank AG increased its position in shares of GrafTech International Ltd. (NYSE:EAF) by 116.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,380,651 shares of the company’s stock after buying an additional 743,805 shares during the period. Deutsche Bank AG owned about 0.54% of GrafTech International worth $2,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EAF. Cibc World Markets Corp purchased a new position in GrafTech International during the 4th quarter valued at about $42,000. Sonora Investment Management Group LLC boosted its stake in shares of GrafTech International by 31.8% during 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 in the last quarter. Beaconlight Capital LLC bought a new position in shares of GrafTech International during the fourth quarter valued at approximately $57,000. EntryPoint Capital LLC purchased a new position in GrafTech International during the fourth quarter valued at approximately $73,000. Finally, Caxton Associates LP purchased a new position in GrafTech International during the fourth quarter valued at approximately $80,000. 92.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jean-Marc Germain bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were purchased 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 directly owns 90,000 shares in the company, valued at approximately $70,200. The trade was 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 accessible through this link. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EAF. BMO Capital Markets cut their price target on GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a report on Monday, February 10th. UBS Group reduced their price objective on shares of GrafTech International from $1.50 to $0.80 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $2.00 target price on shares of GrafTech International in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1.63.

GrafTech International Stock Down 3.9%

GrafTech International stock opened at $0.96 on Friday. The business’s 50-day simple moving average is $0.78 and its two-hundred day simple moving average is $1.34. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 4.55. The company has a market cap of $248.05 million, a PE ratio of -1.88 and a beta of 1.28. GrafTech International Ltd. has a fifty-two week low of $0.52 and a fifty-two week high of $2.53.

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

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.