Dimensional Fund Advisors LP Has $952,000 Holdings in GrafTech International Ltd. (NYSE:EAF)

Dimensional Fund Advisors LP cut its holdings in GrafTech International Ltd. (NYSE:EAF) by 48.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 981,209 shares of the company’s stock after selling 933,841 shares during the period. Dimensional Fund Advisors LP owned 0.38% of GrafTech International worth $952,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EAF. Quadrature Capital Ltd bought a new position in shares of GrafTech International in the fourth quarter worth about $160,000. Welch Group LLC increased its stake in shares of GrafTech International by 71.2% in the first quarter. Welch Group LLC now owns 34,243 shares of the company’s stock worth $47,000 after purchasing an additional 14,243 shares during the period. Foundation Resource Management Inc. increased its stake in shares of GrafTech International by 13.8% in the first quarter. Foundation Resource Management Inc. now owns 1,803,484 shares of the company’s stock worth $2,489,000 after purchasing an additional 218,418 shares during the period. O Keefe Stevens Advisory Inc. increased its stake in shares of GrafTech International by 5.8% in the first quarter. O Keefe Stevens Advisory Inc. now owns 1,650,592 shares of the company’s stock worth $2,278,000 after purchasing an additional 90,752 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of GrafTech International by 396.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 104,200 shares of the company’s stock worth $144,000 after purchasing an additional 83,209 shares during the period. 92.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EAF shares. JPMorgan Chase & Co. lowered GrafTech International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 16th. BMO Capital Markets lowered their price target on GrafTech International from $1.20 to $1.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, GrafTech International currently has a consensus rating of “Hold” and an average price target of $1.75.

GrafTech International Trading Down 0.7 %

EAF stock opened at $1.50 on Friday. GrafTech International Ltd. has a 1-year low of $0.52 and a 1-year high of $3.89. The firm has a market cap of $385.76 million, a P/E ratio of -1.34 and a beta of 0.98. The business’s 50 day moving average is $0.91 and its 200-day moving average is $1.21. The company has a current ratio of 4.22, a quick ratio of 2.01 and a debt-to-equity ratio of 57.38.

GrafTech International (NYSE:EAF) last released its quarterly earnings data on Friday, July 26th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. GrafTech International had a negative return on equity of 121.77% and a negative net margin of 50.11%. The company had revenue of $137.33 million for the quarter, compared to analyst estimates of $122.48 million. Equities analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current fiscal year.

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.