XTX Topco Ltd Grows Stock Position in GrafTech International Ltd. (NYSE:EAF)

XTX Topco Ltd raised its position in GrafTech International Ltd. (NYSE:EAF) by 653.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,931 shares of the company’s stock after buying an additional 129,169 shares during the quarter. XTX Topco Ltd owned about 0.06% of GrafTech International worth $130,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of GrafTech International by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,101,098 shares of the company’s stock worth $8,827,000 after acquiring an additional 48,038 shares during the period. Wells Fargo & Company MN boosted its position in GrafTech International by 50.8% during the fourth quarter. Wells Fargo & Company MN now owns 128,311 shares of the company’s stock worth $222,000 after purchasing an additional 43,219 shares during the period. Russell Investments Group Ltd. boosted its position in GrafTech International by 25.2% during the fourth quarter. Russell Investments Group Ltd. now owns 613,586 shares of the company’s stock worth $1,062,000 after purchasing an additional 123,574 shares during the period. Invesco Ltd. increased its stake in shares of GrafTech International by 1.6% in the fourth quarter. Invesco Ltd. now owns 2,751,163 shares of the company’s stock worth $4,760,000 after purchasing an additional 42,268 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of GrafTech International in the fourth quarter valued at approximately $185,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

GrafTech International Stock Performance

Shares of NYSE EAF opened at $1.34 on Friday. The stock has a market cap of $344.63 million, a PE ratio of -1.63 and a beta of 1.63. GrafTech International Ltd. has a fifty-two week low of $0.55 and a fifty-two week high of $2.53. The stock has a fifty day moving average of $1.20 and a 200-day moving average of $1.04.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Friday, July 25th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The firm had revenue of $131.84 million during the quarter, compared to the consensus estimate of $130.44 million. On average, sell-side analysts predict that GrafTech International Ltd. will post -0.57 EPS for the current year.

Wall Street Analyst Weigh In

EAF has been the topic of a number of recent research reports. BMO Capital Markets upped 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 note on Tuesday, July 29th. 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 research report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GrafTech International presently has a consensus rating of “Hold” and an average target price of $1.63.

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.