Charles Schwab Investment Management Inc. Reduces Stake in GrafTech International Ltd. (NYSE:EAF)

Charles Schwab Investment Management Inc. reduced its stake in GrafTech International Ltd. (NYSE:EAF - Free Report) by 32.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,439,917 shares of the company's stock after selling 1,632,129 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.34% of GrafTech International worth $5,951,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of GrafTech International by 6.5% during the fourth quarter. Rhumbline Advisers now owns 343,757 shares of the company's stock worth $595,000 after purchasing an additional 20,902 shares in the last quarter. Sonora Investment Management Group LLC lifted its stake 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 worth $50,000 after purchasing an additional 7,000 shares during the last quarter. SG Americas Securities LLC grew its position in GrafTech International by 25.4% in the 4th quarter. SG Americas Securities LLC now owns 148,594 shares of the company's stock valued at $257,000 after acquiring an additional 30,102 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of GrafTech International by 475.6% in the third quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company's stock worth $3,246,000 after purchasing an additional 2,031,652 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of GrafTech International by 81.0% during the third quarter. Franklin Resources Inc. now owns 4,536,232 shares of the company's stock worth $6,623,000 after acquiring an additional 2,029,350 shares during the period. Institutional investors own 92.83% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BMO Capital Markets cut their price target on GrafTech International from $2.00 to $1.50 and set a "market perform" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada restated a "sector perform" rating and issued a $2.00 price target on shares of GrafTech International in a report on Monday, February 10th. Citigroup increased their price objective on shares of GrafTech International from $1.00 to $2.20 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upgraded GrafTech International from an "underweight" rating to a "neutral" rating in a research note on Friday, December 6th.

Insiders Place Their Bets

In other GrafTech International news, CFO Rory F. O'donnell bought 50,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $1.04 per share, with a total value of $52,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at $104,000. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

GrafTech International Stock Performance

Shares of NYSE:EAF traded down $0.05 on Friday, hitting $0.95. 3,476,720 shares of the company were exchanged, compared to its average volume of 2,725,916. The company has a current ratio of 4.55, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. The stock's 50 day moving average price is $1.25 and its 200 day moving average price is $1.53. GrafTech International Ltd. has a 1-year low of $0.52 and a 1-year high of $2.53. The firm has a market capitalization of $244.40 million, a P/E ratio of -1.86 and a beta of 0.92.

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

GrafTech International Company 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.