Yacktman Asset Management LP Decreases Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Yacktman Asset Management LP reduced its position in shares of GrafTech International Ltd. (NYSE:EAF - Free Report) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,791,544 shares of the company's stock after selling 1,968,005 shares during the quarter. Yacktman Asset Management LP owned about 4.59% of GrafTech International worth $15,565,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EAF. Public Employees Retirement System of Ohio grew its holdings in GrafTech International by 58.4% during the first quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company's stock worth $35,000 after buying an additional 9,416 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of GrafTech International in the first quarter valued at approximately $76,000. Quadrature Capital Ltd lifted its holdings in GrafTech International by 11.3% during the 1st quarter. Quadrature Capital Ltd now owns 81,219 shares of the company's stock worth $113,000 after purchasing an additional 8,271 shares in the last quarter. XTX Topco Ltd grew its stake in GrafTech International by 179.6% during the second quarter. XTX Topco Ltd now owns 135,485 shares of the company's stock valued at $131,000 after acquiring an additional 87,027 shares in the last quarter. Finally, Fore Capital LLC increased its holdings in shares of GrafTech International by 25.0% in the first quarter. Fore Capital LLC now owns 100,000 shares of the company's stock worth $138,000 after purchasing an additional 20,000 shares during the period. 92.83% of the stock is currently owned by institutional investors.

GrafTech International Trading Down 3.3 %

Shares of EAF traded down $0.06 during mid-day trading on Tuesday, hitting $1.77. 955,624 shares of the company's stock traded hands, compared to its average volume of 3,120,192. 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 business's 50-day moving average price is $1.27 and its 200-day moving average price is $1.24. The firm has a market capitalization of $455.19 million, a P/E ratio of -1.65 and a beta of 0.94. GrafTech International Ltd. has a 1 year low of $0.52 and a 1 year high of $2.98.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EAF. BMO Capital Markets cut their price objective on GrafTech International from $1.20 to $1.00 and set a "market perform" rating for the company in a report on Monday, July 29th. JPMorgan Chase & Co. lowered shares of GrafTech International from a "neutral" rating to an "underweight" rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1.75.

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.