Quadrature Capital Ltd Has $127,000 Stake in GrafTech International Ltd. $EAF

Quadrature Capital Ltd lowered its stake in shares of GrafTech International Ltd. (NYSE:EAF) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,020 shares of the company’s stock after selling 29,482 shares during the period. Quadrature Capital Ltd owned approximately 0.05% of GrafTech International worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its position in shares of GrafTech International by 57.2% in the 2nd quarter. Franklin Resources Inc. now owns 7,131,013 shares of the company’s stock valued at $6,936,000 after acquiring an additional 2,594,562 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in GrafTech International during the second quarter valued at approximately $117,000. Prescott Group Capital Management L.L.C. increased its stake in GrafTech International by 92.3% in the second quarter. Prescott Group Capital Management L.L.C. now owns 3,151,686 shares of the company’s stock valued at $3,065,000 after purchasing an additional 1,512,436 shares in the last quarter. Yacktman Asset Management LP raised its holdings in GrafTech International by 1.2% in the second quarter. Yacktman Asset Management LP now owns 10,826,186 shares of the company’s stock worth $10,530,000 after purchasing an additional 127,490 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in GrafTech International in the second quarter worth $366,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

GrafTech International Trading Up 5.5%

EAF stock opened at $17.19 on Friday. The stock has a 50-day moving average price of $14.71 and a two-hundred day moving average price of $12.49. GrafTech International Ltd. has a 1 year low of $5.50 and a 1 year high of $22.60. The stock has a market cap of $443.77 million, a PE ratio of -2.18 and a beta of 1.72.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Friday, October 24th. The company reported ($1.03) EPS for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.19. The firm had revenue of $144.00 million during the quarter, compared to the consensus estimate of $139.58 million. On average, analysts forecast that GrafTech International Ltd. will post -0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on EAF. Zacks Research cut shares of GrafTech International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Citigroup boosted their target price on GrafTech International from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded GrafTech International from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of GrafTech International in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $14.25.

GrafTech International 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.