GrafTech International Ltd. (NYSE:EAF) Shares Bought by Foundation Resource Management Inc.

Foundation Resource Management Inc. raised its holdings in shares of GrafTech International Ltd. (NYSE:EAFFree Report) by 13.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,803,484 shares of the company’s stock after purchasing an additional 218,418 shares during the period. Foundation Resource Management Inc. owned 0.70% of GrafTech International worth $2,489,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC increased its position in 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 buying an additional 9,511 shares in the last quarter. Terril Brothers Inc. acquired a new position in shares of GrafTech International during the fourth quarter valued at about $44,000. Welch Group LLC increased its holdings in shares of GrafTech International by 71.2% during the first quarter. Welch Group LLC now owns 34,243 shares of the company’s stock valued at $47,000 after acquiring an additional 14,243 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of GrafTech International in the 4th quarter valued at approximately $48,000. Finally, Aigen Investment Management LP acquired a new stake in GrafTech International in the 4th quarter worth approximately $49,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GrafTech International

In other news, major shareholder Colonial House Capital Ltd bought 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, for a total transaction of $265,332.92. Following the completion of the transaction, the insider now directly owns 29,714,854 shares in the company, valued at $43,977,983.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 3,626,085 shares of company stock worth $6,379,107 over the last three months. 0.60% of the stock is currently owned by insiders.

GrafTech International Stock Performance

GrafTech International stock traded down $0.06 during mid-day trading on Friday, reaching $1.03. 8,266,366 shares of the company traded hands, compared to its average volume of 2,591,822. GrafTech International Ltd. has a fifty-two week low of $0.99 and a fifty-two week high of $5.32. The firm’s fifty day moving average is $1.59 and its two-hundred day moving average is $1.67. The company has a debt-to-equity ratio of 24.74, a current ratio of 3.73 and a quick ratio of 1.91. The company has a market capitalization of $264.88 million, a price-to-earnings ratio of -0.94 and a beta of 1.02.

GrafTech International (NYSE:EAFGet Free Report) last released its earnings results on Friday, April 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $136.80 million for the quarter, compared to the consensus estimate of $125.73 million. During the same period in the prior year, the firm earned ($0.02) EPS. The firm’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts expect that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal year.

About GrafTech International

(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

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

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