GrafTech International Ltd. (NYSE:EAF) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lessened its holdings in shares of GrafTech International Ltd. (NYSE:EAFFree Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 976,266 shares of the company’s stock after selling 40,300 shares during the quarter. GW&K Investment Management LLC owned approximately 0.38% of GrafTech International worth $2,138,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EAF. CWM LLC boosted its position in shares of GrafTech International by 211.9% during the 4th quarter. CWM LLC now owns 14,000 shares of the company’s stock valued at $31,000 after acquiring an additional 9,511 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of GrafTech International during the 3rd quarter worth approximately $44,000. Terril Brothers Inc. purchased a new stake in shares of GrafTech International during the 4th quarter valued at approximately $44,000. Oak Thistle LLC acquired a new position in GrafTech International in the fourth quarter valued at approximately $48,000. Finally, SG Americas Securities LLC purchased a new position in GrafTech International in the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets cut their price objective on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research report on Thursday, February 15th. Royal Bank of Canada dropped their target price on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, GrafTech International presently has a consensus rating of “Hold” and an average price target of $1.88.

Check Out Our Latest Stock Report on EAF

Insider Buying and Selling at GrafTech International

In other news, major shareholder Colonial House Capital Ltd purchased 179,279 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average price of $1.48 per share, with a total value of $265,332.92. Following the purchase, the insider now directly owns 29,714,854 shares of the company’s stock, valued at approximately $43,977,983.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 3,626,085 shares of company stock valued at $6,379,107 over the last three months. 0.60% of the stock is owned by company insiders.

GrafTech International Stock Performance

NYSE:EAF opened at $1.97 on Thursday. The company has a fifty day simple moving average of $1.62 and a two-hundred day simple moving average of $1.83. The company has a debt-to-equity ratio of 24.74, a quick ratio of 1.91 and a current ratio of 3.73. GrafTech International Ltd. has a 52 week low of $1.18 and a 52 week high of $5.32.

GrafTech International (NYSE:EAFGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.08. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The company had revenue of $136.80 million during the quarter, compared to analyst estimates of $125.73 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

GrafTech International Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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