Cibc World Markets Corp Takes Position in GrafTech International Ltd. (NYSE:EAF)

Cibc World Markets Corp bought a new position in shares of GrafTech International Ltd. (NYSE:EAF) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,226 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors have also recently added to or reduced their stakes in EAF. Intech Investment Management LLC purchased a new stake in GrafTech International in the third quarter valued at $81,000. The Manufacturers Life Insurance Company lifted its holdings in shares of GrafTech International by 30.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock valued at $134,000 after purchasing an additional 23,413 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of GrafTech International by 19.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company’s stock valued at $169,000 after purchasing an additional 20,769 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of GrafTech International in the 3rd quarter valued at about $155,000. Finally, Jane Street Group LLC grew its stake in GrafTech International by 13.6% during the 3rd quarter. Jane Street Group LLC now owns 885,147 shares of the company’s stock worth $1,168,000 after buying an additional 106,091 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Insider Buying and Selling at GrafTech International

In related news, CFO Rory F. O’donnell acquired 50,000 shares of GrafTech International stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $1.04 per share, for a total transaction of $52,000.00. Following the completion of the purchase, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at approximately $104,000. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

GrafTech International Price Performance

Shares of EAF opened at $0.95 on Friday. The company has a current ratio of 4.55, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. The stock’s 50 day moving average is $1.23 and its two-hundred day moving average is $1.53. GrafTech International Ltd. has a twelve month low of $0.52 and a twelve month high of $2.53. The firm has a market capitalization of $244.40 million, a PE ratio of -1.86 and a beta of 0.92.

GrafTech International (NYSE:EAF) last posted its quarterly 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 company posted ($0.27) earnings per share. Research analysts anticipate that GrafTech International Ltd. will post -0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About GrafTech International

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.