Palogic Value Management L.P. Lowers Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Palogic Value Management L.P. cut its holdings in shares of GrafTech International Ltd. (NYSE:EAF) by 18.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 410,000 shares of the company’s stock after selling 90,000 shares during the quarter. Palogic Value Management L.P.’s holdings in GrafTech International were worth $709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EAF. Sonora Investment Management Group LLC grew its holdings 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 valued at $50,000 after purchasing an additional 7,000 shares during the period. Tyler Stone Wealth Management boosted its holdings in shares of GrafTech International by 24.5% in the 4th quarter. Tyler Stone Wealth Management now owns 76,100 shares of the company’s stock valued at $132,000 after purchasing an additional 15,000 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of 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 valued at $67,000 after buying an additional 18,130 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of GrafTech International by 19.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company’s stock worth $169,000 after buying an additional 20,769 shares during the last quarter. Finally, Rhumbline Advisers raised its position 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 buying an additional 20,902 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EAF shares. BMO Capital Markets lowered their price target on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2.00 target price on shares of GrafTech International in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. Finally, 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 note on Tuesday, December 3rd.

GrafTech International Price Performance

Shares of NYSE EAF opened at $0.95 on Friday. The company has a debt-to-equity ratio of 57.38, a current ratio of 4.55 and a quick ratio of 1.98. GrafTech International Ltd. has a 1-year low of $0.52 and a 1-year high of $2.53. The company has a market capitalization of $244.40 million, a price-to-earnings ratio of -1.86 and a beta of 0.92. The business has a 50-day moving average of $1.23 and a 200-day moving average of $1.53.

GrafTech International (NYSE:EAF) last released 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 firm posted ($0.27) earnings per share. On average, equities analysts anticipate that GrafTech International Ltd. will post -0.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other GrafTech International news, CFO Rory F. O’donnell purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $1.04 per share, for a total transaction of $52,000.00. Following the completion of the purchase, the chief financial officer now owns 100,000 shares in the company, valued at $104,000. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company 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.