GrafTech International Ltd. (NYSE:EAF) Shares Sold by Fore Capital LLC

Fore Capital LLC reduced its stake in GrafTech International Ltd. (NYSE:EAF) by 46.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,000 shares of the company’s stock after selling 150,000 shares during the period. Fore Capital LLC owned approximately 0.07% of GrafTech International worth $294,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in GrafTech International in the fourth quarter valued at about $185,000. Rhumbline Advisers increased its stake in shares of GrafTech International by 6.5% in the fourth quarter. Rhumbline Advisers now owns 343,757 shares of the company’s stock worth $595,000 after buying an additional 20,902 shares during the last quarter. Sonora Investment Management Group LLC raised its holdings in GrafTech International by 31.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock valued at $50,000 after acquiring an additional 7,000 shares in the last quarter. SG Americas Securities LLC raised its holdings in GrafTech International by 25.4% in the fourth quarter. SG Americas Securities LLC now owns 148,594 shares of the company’s stock valued at $257,000 after acquiring an additional 30,102 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in GrafTech International by 475.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company’s stock valued at $3,246,000 after acquiring an additional 2,031,652 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

GrafTech International Price Performance

Shares of NYSE:EAF opened at $1.05 on Thursday. The company has a quick ratio of 1.98, a current ratio of 4.55 and a debt-to-equity ratio of 57.38. The firm has a 50-day simple moving average of $1.39 and a 200 day simple moving average of $1.51. GrafTech International Ltd. has a fifty-two week low of $0.52 and a fifty-two week high of $2.53. The company has a market cap of $268.84 million, a PE ratio of -2.05 and a beta of 0.92.

GrafTech International (NYSE:EAF) last announced 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 709.85% and a negative net margin of 24.34%. During the same quarter in the previous year, the business posted ($0.27) EPS. On average, sell-side analysts anticipate that GrafTech International Ltd. will post -0.57 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CFO Rory F. O’donnell purchased 50,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $1.04 per share, for a total transaction of $52,000.00. Following the completion of the transaction, the chief financial officer now owns 100,000 shares of the company’s stock, valued at approximately $104,000. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.