GrafTech International Ltd. (NYSE:EAF - Get Free Report) major shareholder Colonial House Capital Ltd purchased 114,178 shares of the firm's stock in a transaction on Thursday, May 9th. The stock was bought at an average price of $1.77 per share, with a total value of $202,095.06. Following the acquisition, the insider now owns 30,525,291 shares in the company, valued at $54,029,765.07. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Colonial House Capital Ltd also recently made the following trade(s):
- On Monday, May 6th, Colonial House Capital Ltd purchased 163,250 shares of GrafTech International stock. The stock was bought at an average price of $1.81 per share, with a total value of $295,482.50.
- On Friday, May 3rd, Colonial House Capital Ltd purchased 533,009 shares of GrafTech International stock. The stock was bought at an average price of $1.77 per share, with a total value of $943,425.93.
- On Friday, April 26th, Colonial House Capital Ltd purchased 179,279 shares of GrafTech International stock. The stock was bought at an average price of $1.48 per share, with a total value of $265,332.92.
- On Tuesday, April 16th, Colonial House Capital Ltd purchased 2,303,599 shares of GrafTech International stock. The stock was bought at an average price of $1.78 per share, with a total value of $4,100,406.22.
GrafTech International Stock Down 2.8 %
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EAF traded down $0.05 during trading hours on Friday, hitting $1.72. 1,523,301 shares of the stock were exchanged, compared to its average volume of 3,306,014. The stock has a 50-day simple moving average of $1.61 and a 200-day simple moving average of $1.92. GrafTech International Ltd. has a 12 month low of $1.18 and a 12 month high of $5.32. 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 (NYSE:EAF - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported ($0.10) earnings per share (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 firm had revenue of $136.80 million for the quarter, compared to analysts' expectations of $125.73 million. During the same period last year, the business posted ($0.02) earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on EAF shares. UBS Group initiated coverage on GrafTech International in a report on Tuesday, January 16th. They issued a "neutral" rating and a $2.00 price target for the company. BMO Capital Markets reduced their target price on GrafTech International from $2.00 to $1.50 and set a "market perform" rating for the company in a research note on Thursday, February 15th. Finally, Royal Bank of Canada reduced their target price on GrafTech International from $3.00 to $2.00 and set a "sector perform" rating for the company in a research note on Friday, February 16th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1.88.
Check Out Our Latest Report on EAF
Hedge Funds Weigh In On GrafTech International
A number of large investors have recently bought and sold shares of EAF. New York State Common Retirement Fund boosted its holdings in shares of GrafTech International by 1,425.0% during the fourth quarter. New York State Common Retirement Fund now owns 4,422,999 shares of the company's stock valued at $9,686,000 after acquiring an additional 4,132,961 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in GrafTech International by 15.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,425,109 shares of the company's stock valued at $16,948,000 after purchasing an additional 591,574 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in GrafTech International by 12.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,971,588 shares of the company's stock valued at $87,981,000 after purchasing an additional 2,618,477 shares during the period. Cerity Partners LLC bought a new position in GrafTech International in the 4th quarter worth about $1,954,000. Finally, O Keefe Stevens Advisory Inc. increased its stake in shares of GrafTech International by 1.6% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,559,840 shares of the company's stock valued at $3,416,000 after purchasing an additional 25,169 shares during the period. Institutional investors own 92.83% of the company's stock.
GrafTech International Company Profile
(
Get 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.
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