Barclays PLC reduced its holdings in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 76.7% in the third quarter, according to the company in its most recent 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 period. Barclays PLC owned 0.14% of GrafTech International worth $488,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its position in shares of GrafTech International by 55.0% during the third quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company's stock valued at $67,000 after buying an additional 18,130 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of GrafTech International during the third quarter valued at approximately $81,000. Tyler Stone Wealth Management lifted its position in GrafTech International by 113.3% during the third quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company's stock valued at $81,000 after purchasing an additional 32,450 shares during the period. XTX Topco Ltd grew its position in GrafTech International by 179.6% in the 2nd quarter. XTX Topco Ltd now owns 135,485 shares of the company's stock worth $131,000 after purchasing an additional 87,027 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in GrafTech International by 30.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company's stock valued at $134,000 after buying an additional 23,413 shares during the last quarter. Institutional investors own 92.83% of the company's stock.
GrafTech International Price Performance
NYSE:EAF traded down $0.02 during trading hours on Friday, hitting $1.70. 628,763 shares of the stock traded hands, compared to its average volume of 1,005,981. The stock has a 50 day moving average price of $1.94 and a 200 day moving average price of $1.34. The company has a quick ratio of 1.98, a current ratio of 3.79 and a debt-to-equity ratio of 57.38. The company has a market cap of $437.18 million, a price-to-earnings ratio of -1.45 and a beta of 0.95. GrafTech International Ltd. has a 1 year low of $0.52 and a 1 year high of $2.53.
GrafTech International (NYSE:EAF - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. The firm had revenue of $130.65 million for the quarter, compared to the consensus estimate of $128.14 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Sell-side analysts forecast that GrafTech International Ltd. will post -0.43 EPS for the current fiscal year.
Analyst Ratings Changes
EAF has been the topic of a number of research reports. Citigroup raised their price objective 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. raised shares of GrafTech International from an "underweight" rating to a "neutral" rating in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, GrafTech International has an average rating of "Hold" and a consensus price target of $1.80.
Check Out Our Latest Analysis on GrafTech International
About GrafTech International
(
Free Report)
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.
Further Reading
Before you consider GrafTech International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GrafTech International wasn't on the list.
While GrafTech International currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
