Cerity Partners LLC Invests $49,000 in GrafTech International Ltd. (NYSE:EAF)

Cerity Partners LLC bought a new position in GrafTech International Ltd. (NYSE:EAF) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 56,176 shares of the company’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ethic Inc. lifted its position in GrafTech International by 89.0% during the 4th quarter. Ethic Inc. now owns 21,889 shares of the company’s stock valued at $38,000 after acquiring an additional 10,307 shares during the period. Wolverine Trading LLC purchased a new position in GrafTech International during the 4th quarter valued at about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in GrafTech International by 11.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 181,074 shares of the company’s stock valued at $313,000 after acquiring an additional 18,944 shares during the period. Two Sigma Advisers LP purchased a new position in GrafTech International during the 4th quarter valued at about $33,000. Finally, ProShare Advisors LLC lifted its position in GrafTech International by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 72,906 shares of the company’s stock valued at $126,000 after acquiring an additional 23,990 shares during the period. 92.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EAF. BMO Capital Markets lifted their price target on shares of GrafTech International from $1.00 to $1.50 and gave the company a “market perform” rating in a research report on Tuesday. UBS Group lowered their price target on shares of GrafTech International from $1.50 to $0.80 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, GrafTech International currently has an average rating of “Hold” and an average target price of $1.63.

GrafTech International Stock Performance

NYSE:EAF opened at $1.47 on Thursday. The firm has a market cap of $378.19 million, a P/E ratio of -1.79 and a beta of 1.51. GrafTech International Ltd. has a fifty-two week low of $0.52 and a fifty-two week high of $2.53. The firm has a 50-day simple moving average of $1.15 and a two-hundred day simple moving average of $1.08.

GrafTech International (NYSE:EAF) last released its quarterly earnings data on Friday, July 25th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The business had revenue of $131.84 million for the quarter, compared to analyst estimates of $130.44 million. On average, equities research analysts predict 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.