GrafTech International Ltd. (NYSE:EAF) Major Shareholder Colonial House Capital Ltd Purchases 179,279 Shares

GrafTech International Ltd. (NYSE:EAF) major shareholder Colonial House Capital Ltd acquired 179,279 shares of GrafTech International stock in a transaction on Friday, April 26th. The shares were purchased at an average cost of $1.48 per share, for a total transaction of $265,332.92. Following the acquisition, the insider now owns 29,714,854 shares in the company, valued at approximately $43,977,983.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Colonial House Capital Ltd also recently made the following trade(s):

• On Tuesday, April 16th, Colonial House Capital Ltd purchased 2,303,599 shares of GrafTech International stock. The shares were purchased at an average cost of $1.78 per share, for a total transaction of $4,100,406.22.

GrafTech International Trading Up 5.1 %

NYSE EAF opened at $1.66 on Tuesday. The company has a debt-to-equity ratio of 11.90, a current ratio of 3.54 and a quick ratio of 1.81. The stock’s 50-day moving average is $1.56 and its 200-day moving average is $2.01. GrafTech International Ltd. has a one year low of $1.18 and a one year high of $5.32. The firm has a market cap of $426.89 million, a P/E ratio of -1.52 and a beta of 1.14.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. GrafTech International had a negative net margin of 45.08% and a negative return on equity of 52.49%. The firm had revenue of $136.80 million for the quarter, compared to analyst estimates of $125.73 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts anticipate that GrafTech International Ltd. will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GrafTech International

A number of large investors have recently added to or reduced their stakes in EAF. Exchange Traded Concepts LLC raised its position in GrafTech International by 26.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 96,738 shares of the company’s stock valued at $371,000 after buying an additional 20,532 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of GrafTech International by 39.2% in the third quarter. J.W. Cole Advisors Inc. now owns 14,726 shares of the company’s stock valued at $56,000 after purchasing an additional 4,147 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in GrafTech International by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 2,287,363 shares of the company’s stock worth $8,761,000 after purchasing an additional 75,943 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in GrafTech International by 36.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,186 shares of the company’s stock valued at $196,000 after purchasing an additional 13,730 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in GrafTech International by 3.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,775 shares of the company’s stock valued at $420,000 after buying an additional 3,665 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EAF. 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 report on Thursday, February 15th. UBS Group started coverage on shares of GrafTech International in a research report on Tuesday, January 16th. They set a “neutral” rating and a $2.00 target price for the company. Citigroup decreased their price objective on GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada reduced their target price on GrafTech International from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1.88.

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.