Cibc World Markets Corp Purchases Shares of 24,226 GrafTech International Ltd. (NYSE:EAF)

Cibc World Markets Corp bought a new stake in shares of GrafTech International Ltd. (NYSE:EAF) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 24,226 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of GrafTech International in the fourth quarter valued at approximately $185,000. Rhumbline Advisers grew its holdings in GrafTech International by 6.5% in the 4th quarter. Rhumbline Advisers now owns 343,757 shares of the company’s stock valued at $595,000 after buying an additional 20,902 shares during the period. Sonora Investment Management Group LLC increased its position in GrafTech International by 31.8% during the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock worth $50,000 after purchasing an additional 7,000 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of GrafTech International by 25.4% during the 4th quarter. SG Americas Securities LLC now owns 148,594 shares of the company’s stock worth $257,000 after buying an additional 30,102 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 acquiring an additional 2,031,652 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

GrafTech International Trading Down 5.0 %

NYSE EAF opened at $0.95 on Friday. The stock has a market cap of $244.40 million, a P/E ratio of -1.86 and a beta of 0.92. The company’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.53. The company has a current ratio of 4.55, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. GrafTech International Ltd. has a 52 week low of $0.52 and a 52 week high of $2.53.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate 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 business earned ($0.27) EPS. Equities research analysts predict that GrafTech International Ltd. will post -0.57 EPS for the current fiscal year.

Insider Transactions at GrafTech International

In other news, CFO Rory F. O’donnell purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $1.04 per share, with a total value of $52,000.00. Following the transaction, the chief financial officer now owns 100,000 shares in the company, valued at approximately $104,000. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EAF shares. JPMorgan Chase & Co. upgraded shares of GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. Citigroup raised their target price on shares of GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. BMO Capital Markets decreased their price target on shares of 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $2.00 price objective on shares of GrafTech International in a research report on Monday, February 10th.

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.