Bank of New York Mellon Corp Has $1.07 Million Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Bank of New York Mellon Corp lowered its stake in GrafTech International Ltd. (NYSE:EAF) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 618,892 shares of the company’s stock after selling 15,942 shares during the quarter. Bank of New York Mellon Corp’s holdings in GrafTech International were worth $1,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rhumbline Advisers increased its holdings in GrafTech International by 6.5% in the fourth quarter. Rhumbline Advisers now owns 343,757 shares of the company’s stock valued at $595,000 after purchasing an additional 20,902 shares during the last quarter. Sonora Investment Management Group LLC grew its position in shares of GrafTech International by 31.8% during the 4th quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock worth $50,000 after buying an additional 7,000 shares during the period. SG Americas Securities LLC increased its stake in shares of GrafTech International by 25.4% in the 4th 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 during the last quarter. JPMorgan Chase & Co. raised its position in shares of GrafTech International by 475.6% in 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 period. Finally, Franklin Resources Inc. grew its holdings in GrafTech International by 81.0% during the third quarter. Franklin Resources Inc. now owns 4,536,232 shares of the company’s stock valued at $6,623,000 after purchasing an additional 2,029,350 shares during the period. 92.83% of the stock is currently owned by institutional investors.

Insider Transactions at GrafTech International

In related news, CFO Rory F. O’donnell purchased 50,000 shares of GrafTech International stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $1.04 per share, with a total value 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. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

GrafTech International Price Performance

EAF stock opened at $1.01 on Tuesday. The stock has a 50-day moving average price of $1.28 and a two-hundred day moving average price of $1.53. GrafTech International Ltd. has a 1 year low of $0.52 and a 1 year high of $2.53. The stock has a market cap of $258.55 million, a PE ratio of -1.97 and a beta of 0.92. The company has a current ratio of 4.55, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38.

GrafTech International (NYSE:EAF) last released its earnings results on Wednesday, February 12th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business posted ($0.27) EPS. Equities analysts forecast that GrafTech International Ltd. will post -0.57 EPS for the current fiscal year.

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.