GrafTech International Ltd. (NYSE:EAF) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its position in GrafTech International Ltd. (NYSE:EAF) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,174,639 shares of the company’s stock after acquiring an additional 169,934 shares during the quarter. Northern Trust Corp owned 0.85% of GrafTech International worth $3,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new position in GrafTech International in the fourth quarter valued at $42,000. Sonora Investment Management Group LLC lifted 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 worth $50,000 after purchasing an additional 7,000 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of GrafTech International during the fourth quarter worth about $73,000. Two Sigma Securities LLC acquired a new position in shares of GrafTech International during the fourth quarter worth about $108,000. Finally, Tyler Stone Wealth Management boosted its position in shares of GrafTech International by 24.5% in the fourth quarter. Tyler Stone Wealth Management now owns 76,100 shares of the company’s stock worth $132,000 after buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

GrafTech International Stock Performance

Shares of NYSE:EAF opened at $0.96 on Friday. The company has a market cap of $248.05 million, a P/E ratio of -1.88 and a beta of 1.28. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 4.55. GrafTech International Ltd. has a one year low of $0.52 and a one year high of $2.53. The business’s 50-day simple moving average is $0.78 and its 200 day simple moving average is $1.34.

GrafTech International (NYSE:EAF) last announced its earnings results on Friday, April 25th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $122.33 million. During the same period last year, the business posted ($0.10) EPS. On average, sell-side analysts forecast that GrafTech International Ltd. will post -0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GrafTech International news, Director Jean-Marc Germain acquired 50,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $0.78 per share, for a total transaction of $39,000.00. Following the acquisition, the director now directly owns 90,000 shares of the company’s stock, valued at $70,200. This trade represents a 125.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EAF has been the topic of several analyst reports. UBS Group dropped their target price on 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 dropped their target price 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $2.00 target price on shares of GrafTech International 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 presently has a consensus rating of “Hold” and an average target price of $1.63.

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.