JPMorgan Chase & Co. lifted its holdings in GrafTech International Ltd. (NYSE:EAF - Free Report) by 475.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,458,829 shares of the company's stock after purchasing an additional 2,031,652 shares during the period. JPMorgan Chase & Co. owned approximately 0.96% of GrafTech International worth $3,246,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in EAF. Franklin Resources Inc. raised its holdings in shares of GrafTech International by 81.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,536,232 shares of the company's stock valued at $6,623,000 after purchasing an additional 2,029,350 shares in the last quarter. Virtu Financial LLC raised its stake in GrafTech International by 385.5% in the third quarter. Virtu Financial LLC now owns 175,702 shares of the company's stock valued at $232,000 after buying an additional 139,513 shares in the last quarter. Geode Capital Management LLC lifted its holdings in GrafTech International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 5,053,060 shares of the company's stock worth $6,671,000 after buying an additional 59,424 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in 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 buying an additional 18,130 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of GrafTech International by 13.6% during the 3rd quarter. Jane Street Group LLC now owns 885,147 shares of the company's stock worth $1,168,000 after acquiring an additional 106,091 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.
GrafTech International Stock Performance
Shares of GrafTech International stock traded up $0.16 on Monday, hitting $1.83. The stock had a trading volume of 2,026,238 shares, compared to its average volume of 1,423,932. The stock has a market cap of $471.39 million, a price-to-earnings ratio of -1.57 and a beta of 0.99. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. GrafTech International Ltd. has a 52-week low of $0.52 and a 52-week high of $2.53. The company's 50 day moving average price is $1.89 and its 200 day moving average price is $1.39.
GrafTech International (NYSE:EAF - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $130.65 million during the quarter, compared to the consensus estimate of $128.14 million. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. During the same period in the prior year, the company earned ($0.08) earnings per share. On average, research analysts anticipate that GrafTech International Ltd. will post -0.43 EPS for the current year.
Wall Street Analyst Weigh In
EAF has been the topic of several research analyst reports. JPMorgan Chase & Co. raised GrafTech International from an "underweight" rating to a "neutral" rating in a research report on Friday, December 6th. Citigroup boosted their price objective on shares of GrafTech International from $1.00 to $2.20 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd.
Read Our Latest Report 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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