Barclays PLC Trims Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Barclays PLC lessened its stake in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 76.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,948 shares of the company's stock after selling 1,220,957 shares during the quarter. Barclays PLC owned 0.14% of GrafTech International worth $488,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC lifted its stake in GrafTech International by 287.8% during the 2nd quarter. Millennium Management LLC now owns 5,065,715 shares of the company's stock worth $4,914,000 after acquiring an additional 3,759,449 shares in the last quarter. Choreo LLC purchased a new stake in GrafTech International during the second quarter worth about $155,000. SG Americas Securities LLC acquired a new stake in shares of GrafTech International during the third quarter worth about $156,000. Paloma Partners Management Co purchased a new position in shares of GrafTech International in the third quarter valued at approximately $155,000. Finally, Jane Street Group LLC grew its holdings in shares of GrafTech International by 13.6% in the third quarter. Jane Street Group LLC now owns 885,147 shares of the company's stock valued at $1,168,000 after purchasing an additional 106,091 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EAF shares. Citigroup increased their target price on shares of GrafTech International from $1.00 to $2.20 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded GrafTech International from an "underweight" rating to a "neutral" rating in a research note on Friday, December 6th.

GrafTech International Stock Up 9.8 %

GrafTech International stock traded up $0.16 during trading on Friday, reaching $1.83. The stock had a trading volume of 2,026,238 shares, compared to its average volume of 1,423,932. The company has a quick ratio of 1.98, a current ratio of 3.79 and a debt-to-equity ratio of 57.38. GrafTech International Ltd. has a 52-week low of $0.52 and a 52-week high of $2.53. The stock has a market cap of $471.39 million, a PE ratio of -1.57 and a beta of 0.99. The business has a 50 day moving average price of $1.89 and a 200 day moving average price of $1.38.

GrafTech International (NYSE:EAF - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. The business had revenue of $130.65 million during the quarter, compared to analysts' expectations of $128.14 million. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. During the same period in the previous year, the company earned ($0.08) EPS. On average, analysts predict that GrafTech International Ltd. will post -0.43 EPS for the current year.

GrafTech International 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.