Barings LLC Purchases Shares of 15,900 GrafTech International Ltd (EAF)

Barings LLC purchased a new position in shares of GrafTech International Ltd (NYSE:EAF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,900 shares of the company’s stock, valued at approximately $310,000.

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in shares of GrafTech International during the third quarter worth approximately $118,000. First Mercantile Trust Co. purchased a new position in shares of GrafTech International during the second quarter worth approximately $231,000. Public Employees Retirement System of Ohio purchased a new position in shares of GrafTech International during the second quarter worth approximately $245,000. Cubist Systematic Strategies LLC purchased a new position in shares of GrafTech International during the second quarter worth approximately $298,000. Finally, Stevens Capital Management LP purchased a new position in shares of GrafTech International during the second quarter worth approximately $300,000. 15.43% of the stock is currently owned by hedge funds and other institutional investors.

EAF has been the topic of several analyst reports. Vertical Research initiated coverage on shares of GrafTech International in a research note on Wednesday, August 1st. They issued a “buy” rating and a $29.00 target price on the stock. Vertical Group initiated coverage on shares of GrafTech International in a research note on Wednesday, August 1st. They issued a “buy” rating on the stock. BMO Capital Markets lifted their target price on shares of GrafTech International from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research downgraded shares of GrafTech International from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.60.

In related news, Director Gp Ltd Bcp sold 34,688,311 shares of GrafTech International stock in a transaction on Monday, August 13th. The shares were sold at an average price of $19.75, for a total value of $685,094,142.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of NYSE EAF opened at $17.17 on Monday. GrafTech International Ltd has a 52 week low of $14.00 and a 52 week high of $24.36.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, November 2nd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. GrafTech International had a net margin of 38.52% and a negative return on equity of 1,837.51%. The company had revenue of $454.90 million for the quarter, compared to the consensus estimate of $426.50 million. GrafTech International’s revenue was up 231.3% on a year-over-year basis. Research analysts forecast that GrafTech International Ltd will post 2.73 EPS for the current year.

About GrafTech International

GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.

Recommended Story: What strategies should day traders use to execute a trade?

Want to see what other hedge funds are holding EAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GrafTech International Ltd (NYSE:EAF).

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

Receive News & Ratings for GrafTech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrafTech International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply