GrafTech International Ltd. (NYSE:EAF) CFO Acquires $52,000.00 in Stock

GrafTech International Ltd. (NYSE:EAF) CFO Rory F. O’donnell acquired 50,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $1.04 per share, with a total value of $52,000.00. Following the purchase, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at $104,000. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

GrafTech International Trading Up 4.1 %

EAF opened at $1.15 on Friday. GrafTech International Ltd. has a twelve month low of $0.52 and a twelve month high of $2.53. The company has a fifty day moving average of $1.63 and a 200-day moving average of $1.45. The stock has a market cap of $294.46 million, a PE ratio of -0.98 and a beta of 0.97. 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 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 459.99% and a negative net margin of 55.21%. During the same quarter in the prior year, the company posted ($0.27) earnings per share. On average, sell-side analysts predict that GrafTech International Ltd. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On GrafTech International

A number of hedge funds have recently added to or reduced their stakes in EAF. Sonora Investment Management Group LLC boosted its holdings in shares of GrafTech International by 31.8% during the 4th quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock worth $50,000 after buying an additional 7,000 shares in the last quarter. Tyler Stone Wealth Management boosted its stake in GrafTech International by 24.5% during the fourth quarter. Tyler Stone Wealth Management now owns 76,100 shares of the company’s stock worth $132,000 after acquiring an additional 15,000 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in GrafTech International by 55.0% during the third quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company’s stock worth $67,000 after acquiring an additional 18,130 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in GrafTech International by 19.4% in the third quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company’s stock worth $169,000 after purchasing an additional 20,769 shares during the period. Finally, Rhumbline Advisers increased its stake in GrafTech International by 6.5% in the fourth quarter. Rhumbline Advisers now owns 343,757 shares of the company’s stock valued at $595,000 after purchasing an additional 20,902 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EAF shares. Citigroup upped their price target on shares of GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. BMO Capital Markets cut their target price on GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a report on Monday, February 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $2.00 price target on shares of GrafTech International in a research note on Monday, February 10th.

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.