GrafTech International Ltd. (NYSE:EAF) Stock Holdings Trimmed by Fore Capital LLC

Fore Capital LLC lessened its holdings in shares of GrafTech International Ltd. (NYSE:EAF) by 46.9% in the fourth quarter, HoldingsChannel reports. The fund owned 170,000 shares of the company’s stock after selling 150,000 shares during the period. Fore Capital LLC’s holdings in GrafTech International were worth $294,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EAF. Raymond James Financial Inc. bought a new position in GrafTech International in the 4th quarter valued at about $185,000. Rhumbline Advisers lifted its stake in shares of GrafTech International by 6.5% in the 4th quarter. Rhumbline Advisers now owns 343,757 shares of the company’s stock worth $595,000 after acquiring an additional 20,902 shares during the period. Sonora Investment Management Group LLC boosted its holdings in shares of GrafTech International by 31.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock valued at $50,000 after acquiring an additional 7,000 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of GrafTech International by 25.4% during the fourth 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 period. Finally, JPMorgan Chase & Co. raised its holdings in GrafTech International by 475.6% during 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 in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EAF has been the subject of a number of research reports. BMO Capital Markets decreased their price target on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. raised GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th. Citigroup boosted their price target 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $2.00 price target on shares of GrafTech International in a report on Monday, February 10th.

GrafTech International Price Performance

NYSE EAF opened at $1.05 on Thursday. The stock has a market capitalization of $268.84 million, a P/E ratio of -2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 4.55. The business’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.51. GrafTech International Ltd. has a 1 year low of $0.52 and a 1 year high of $2.53.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share for the quarter, topping 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 period in the previous year, the company posted ($0.27) EPS. On average, research analysts forecast that GrafTech International Ltd. will post -0.57 earnings per share for the current fiscal year.

Insider Activity at GrafTech International

In other news, CFO Rory F. O’donnell acquired 50,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $1.04 per share, for a total transaction of $52,000.00. Following the transaction, the chief financial officer now owns 100,000 shares in the company, valued at approximately $104,000. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

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.