Cwm LLC Sells 63,933 Shares of GrafTech International Ltd. $EAF

Cwm LLC decreased its position in shares of GrafTech International Ltd. (NYSE:EAF) by 96.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,402 shares of the company’s stock after selling 63,933 shares during the period. Cwm LLC’s holdings in GrafTech International were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EAF. Vanguard Personalized Indexing Management LLC raised its stake in GrafTech International by 42.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock valued at $27,000 after purchasing an additional 8,188 shares during the period. Jump Financial LLC purchased a new stake in GrafTech International during the 2nd quarter valued at approximately $42,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of GrafTech International during the second quarter valued at approximately $117,000. Tower Research Capital LLC TRC lifted its holdings in shares of GrafTech International by 1,128.2% in the second quarter. Tower Research Capital LLC TRC now owns 167,106 shares of the company’s stock worth $163,000 after buying an additional 153,500 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of GrafTech International during the second quarter worth $182,000. 92.83% of the stock is currently owned by institutional investors.

GrafTech International Stock Performance

NYSE EAF opened at $17.88 on Friday. The company has a market cap of $461.66 million, a PE ratio of -2.26 and a beta of 1.64. The firm’s 50 day moving average price is $15.84 and its 200-day moving average price is $13.89. GrafTech International Ltd. has a 52-week low of $5.50 and a 52-week high of $20.32.

GrafTech International (NYSE:EAF) last announced its earnings results on Friday, October 24th. The company reported ($1.03) EPS for the quarter, topping analysts’ consensus estimates of ($1.22) by $0.19. The firm had revenue of $144.00 million during the quarter, compared to the consensus estimate of $139.58 million. On average, analysts forecast that GrafTech International Ltd. will post -0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EAF has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of GrafTech International in a research note on Wednesday, October 8th. Citigroup lifted their price target on shares of GrafTech International from $10.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Finally, Wall Street Zen raised shares of GrafTech International from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, GrafTech International presently has an average rating of “Reduce” and a consensus price target of $14.25.

GrafTech International Profile

GrafTech International (NYSE: EAF) is a leading global manufacturer of graphite electrodes and other specialty graphite products used primarily in electric arc furnaces (EAFs) for steel production. The company’s core offerings include ultrahigh-power, high-power and regular power electrodes, along with related accessories such as graphite shapes and heterogeneous carbon materials. These products play a critical role in steelmaking by conducting the high electrical currents required to melt scrap steel efficiently and with reduced environmental impact compared to traditional blast furnace methods.

With a manufacturing footprint spanning North America, Europe and Asia, GrafTech serves steel producers and foundries worldwide.