Cannell & Spears LLC Purchases 651,250 Shares of GrafTech International Ltd. (NYSE:EAF)

Cannell & Spears LLC grew its stake in GrafTech International Ltd. (NYSE:EAF - Free Report) by 138.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,122,155 shares of the company's stock after purchasing an additional 651,250 shares during the period. Cannell & Spears LLC owned approximately 0.44% of GrafTech International worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Sonora Investment Management Group LLC grew its position in GrafTech International by 31.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company's stock valued at $50,000 after acquiring an additional 7,000 shares during the period. Tyler Stone Wealth Management grew its holdings in shares of GrafTech International by 24.5% in the 4th quarter. Tyler Stone Wealth Management now owns 76,100 shares of the company's stock worth $132,000 after purchasing an additional 15,000 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of GrafTech International by 55.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company's stock worth $67,000 after purchasing an additional 18,130 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of GrafTech International by 19.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company's stock worth $169,000 after purchasing an additional 20,769 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in GrafTech International by 6.5% during the 4th quarter. Rhumbline Advisers now owns 343,757 shares of the company's stock valued at $595,000 after purchasing an additional 20,902 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EAF has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $2.00 price objective on shares of GrafTech International in a report on Monday, February 10th. JPMorgan Chase & Co. raised GrafTech International from an "underweight" rating to a "neutral" rating in a research note on Friday, December 6th. Finally, BMO Capital Markets lowered their target price on GrafTech International from $2.00 to $1.50 and set a "market perform" rating for the company in a research note on Monday, February 10th.

Insider Buying and Selling at GrafTech International

In related news, CFO Rory F. O'donnell purchased 50,000 shares of GrafTech International stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $1.04 per share, for a total transaction of $52,000.00. Following the transaction, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at approximately $104,000. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.60% of the company's stock.

GrafTech International Trading Down 14.1 %

Shares of NYSE EAF traded down $0.11 during midday trading on Friday, hitting $0.67. The stock had a trading volume of 5,588,012 shares, compared to its average volume of 2,762,307. The company's 50-day simple moving average is $1.15 and its 200 day simple moving average is $1.54. The firm has a market cap of $172.88 million, a P/E ratio of -1.32 and a beta of 1.15. GrafTech International Ltd. has a fifty-two week low of $0.52 and a fifty-two week high of $2.53. The company has a debt-to-equity ratio of 57.38, a current ratio of 4.55 and a quick ratio of 1.98.

GrafTech International (NYSE:EAF - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. GrafTech International had a negative net margin of 24.34% and a negative return on equity of 709.85%. During the same quarter in the prior year, the firm posted ($0.27) EPS. Research analysts anticipate that GrafTech International Ltd. will post -0.57 EPS for the current year.

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.