Millennium Management LLC Has $4.91 Million Holdings in GrafTech International Ltd. (NYSE:EAF)

Millennium Management LLC increased its stake in GrafTech International Ltd. (NYSE:EAF - Free Report) by 287.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,065,715 shares of the company's stock after purchasing an additional 3,759,449 shares during the period. Millennium Management LLC owned approximately 1.97% of GrafTech International worth $4,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EAF. Quadrature Capital Ltd acquired a new position in GrafTech International in the 4th quarter worth $160,000. Welch Group LLC lifted its position in GrafTech International by 71.2% during the 1st quarter. Welch Group LLC now owns 34,243 shares of the company's stock worth $47,000 after buying an additional 14,243 shares in the last quarter. Foundation Resource Management Inc. lifted its position in GrafTech International by 13.8% during the 1st quarter. Foundation Resource Management Inc. now owns 1,803,484 shares of the company's stock worth $2,489,000 after buying an additional 218,418 shares in the last quarter. O Keefe Stevens Advisory Inc. lifted its position in GrafTech International by 5.8% during the 1st quarter. O Keefe Stevens Advisory Inc. now owns 1,650,592 shares of the company's stock worth $2,278,000 after buying an additional 90,752 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in GrafTech International by 396.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 104,200 shares of the company's stock worth $144,000 after buying an additional 83,209 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EAF shares. JPMorgan Chase & Co. cut shares of GrafTech International from a "neutral" rating to an "underweight" rating in a research report on Tuesday, July 16th. BMO Capital Markets cut their price target on shares of GrafTech International from $1.20 to $1.00 and set a "market perform" rating on the stock in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $1.75.

GrafTech International Stock Performance

Shares of EAF stock traded down $0.01 on Friday, reaching $1.50. The stock had a trading volume of 1,910,220 shares, compared to its average volume of 3,269,589. The company has a quick ratio of 2.01, a current ratio of 4.22 and a debt-to-equity ratio of 57.38. The firm's 50-day moving average is $0.91 and its two-hundred day moving average is $1.21. The firm has a market capitalization of $385.75 million, a price-to-earnings ratio of -1.38 and a beta of 0.98. GrafTech International Ltd. has a 12 month low of $0.52 and a 12 month high of $3.89.

GrafTech International (NYSE:EAF - Get Free Report) last issued its earnings results on Friday, July 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The company had revenue of $137.33 million for the quarter, compared to analysts' expectations of $122.48 million. GrafTech International had a negative net margin of 50.11% and a negative return on equity of 121.77%. On average, research analysts expect that GrafTech International Ltd. will post -0.43 EPS 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.