Charles Schwab Investment Management Inc. Decreases Holdings in GrafTech International Ltd. (NYSE:EAF)

Charles Schwab Investment Management Inc. decreased its stake in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 24.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,072,046 shares of the company's stock after selling 1,647,781 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.97% of GrafTech International worth $6,695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of EAF. Intech Investment Management LLC acquired a new position in GrafTech International during the 3rd quarter worth approximately $81,000. Tyler Stone Wealth Management lifted its holdings in shares of GrafTech International by 113.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company's stock worth $81,000 after purchasing an additional 32,450 shares in the last quarter. Foundation Resource Management Inc. grew its position in GrafTech International by 1.3% in the 3rd quarter. Foundation Resource Management Inc. now owns 1,873,481 shares of the company's stock valued at $2,473,000 after purchasing an additional 24,138 shares during the period. SG Americas Securities LLC acquired a new position in GrafTech International during the third quarter worth $156,000. Finally, Algert Global LLC grew its holdings in shares of GrafTech International by 13.3% during the second quarter. Algert Global LLC now owns 164,094 shares of the company's stock valued at $159,000 after buying an additional 19,224 shares during the last quarter. Institutional investors own 92.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup upped 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. raised GrafTech International from an "underweight" rating to a "neutral" rating in a report on Friday, December 6th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1.80.

GrafTech International Price Performance

GrafTech International stock remained flat at $1.92 during midday trading on Thursday. 511,147 shares of the company traded hands, compared to its average volume of 2,998,117. GrafTech International Ltd. has a 1-year low of $0.52 and a 1-year high of $2.76. The company has a market capitalization of $493.77 million, a PE ratio of -1.64 and a beta of 0.95. The stock's 50-day simple moving average is $1.90 and its 200-day simple moving average is $1.30. 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 (NYSE:EAF - Get Free Report) last posted 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. The firm had revenue of $130.65 million for 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 quarter last year, the firm earned ($0.08) EPS. On average, sell-side analysts predict that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal 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.