Franklin Resources Inc. boosted its position in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 81.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,536,232 shares of the company's stock after acquiring an additional 2,029,350 shares during the period. Franklin Resources Inc. owned 1.76% of GrafTech International worth $6,623,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC lifted its holdings in shares of GrafTech International by 385.5% in the third quarter. Virtu Financial LLC now owns 175,702 shares of the company's stock worth $232,000 after buying an additional 139,513 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of GrafTech International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,053,060 shares of the company's stock worth $6,671,000 after purchasing an additional 59,424 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of GrafTech International by 55.0% in the third quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company's stock valued at $67,000 after acquiring an additional 18,130 shares during the period. Jane Street Group LLC boosted its holdings in GrafTech International by 13.6% during the 3rd quarter. Jane Street Group LLC now owns 885,147 shares of the company's stock valued at $1,168,000 after acquiring an additional 106,091 shares during the period. Finally, Paloma Partners Management Co purchased a new position in GrafTech International in the 3rd quarter worth about $155,000. Hedge funds and other institutional investors own 92.83% of the company's stock.
GrafTech International Stock Up 2.8 %
Shares of EAF stock traded up $0.05 during mid-day trading on Monday, hitting $1.63. 811,028 shares of the stock traded hands, compared to its average volume of 2,982,968. 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 $417.90 million, a P/E ratio of -1.39 and a beta of 0.95. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 1.98. The stock's fifty day moving average is $1.94 and its two-hundred day moving average is $1.31.
GrafTech International (NYSE:EAF - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. The company had revenue of $130.65 million during the quarter, compared to the consensus estimate 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 last year, the firm earned ($0.08) earnings per share. Equities analysts predict that GrafTech International Ltd. will post -0.43 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have commented on EAF shares. Citigroup raised their price objective on 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 shares of GrafTech International from an "underweight" rating to a "neutral" rating in a report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $1.80.
Read Our Latest Stock Analysis on EAF
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.
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