Geode Capital Management LLC Increases Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Geode Capital Management LLC increased its holdings in shares of GrafTech International Ltd. (NYSE:EAF) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,053,060 shares of the company’s stock after purchasing an additional 59,424 shares during the quarter. Geode Capital Management LLC’s holdings in GrafTech International were worth $6,671,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased 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 acquiring an additional 18,130 shares during the last quarter. Intech Investment Management LLC purchased a new stake in GrafTech International in the third quarter valued at approximately $81,000. Tyler Stone Wealth Management increased its position in GrafTech International by 113.3% during the third quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock worth $81,000 after purchasing an additional 32,450 shares during the last quarter. XTX Topco Ltd increased its position in GrafTech International by 179.6% during the second quarter. XTX Topco Ltd now owns 135,485 shares of the company’s stock worth $131,000 after purchasing an additional 87,027 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in GrafTech International by 30.0% during the third quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock worth $134,000 after purchasing an additional 23,413 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

GrafTech International Price Performance

EAF opened at $1.70 on Friday. GrafTech International Ltd. has a 52-week low of $0.52 and a 52-week high of $2.53. The company has a 50 day moving average of $1.94 and a two-hundred day moving average of $1.34. The company has a market cap of $437.18 million, a P/E ratio of -1.45 and a beta of 0.95. The company has a quick ratio of 1.98, a current ratio of 3.79 and a debt-to-equity ratio of 57.38.

GrafTech International (NYSE:EAF) last posted its earnings results 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. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. The business had revenue of $130.65 million for the quarter, compared to analyst estimates of $128.14 million. During the same quarter in the previous year, the business posted ($0.08) EPS. On average, analysts expect that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on EAF shares. JPMorgan Chase & Co. raised shares of GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th. Citigroup boosted their price target on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1.80.

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.