Yacktman Asset Management LP Has $26.11 Million Stock Position in GrafTech International Ltd. (NYSE:EAF)

Yacktman Asset Management LP lifted its position in shares of GrafTech International Ltd. (NYSE:EAF) by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,922,290 shares of the company’s stock after purchasing an additional 2,580,133 shares during the quarter. Yacktman Asset Management LP owned approximately 4.64% of GrafTech International worth $26,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in GrafTech International by 3.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,775 shares of the company’s stock valued at $420,000 after acquiring an additional 3,665 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of GrafTech International by 39.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 14,726 shares of the company’s stock worth $56,000 after buying an additional 4,147 shares in the last quarter. Swiss National Bank lifted its position in shares of GrafTech International by 1.0% during the 3rd quarter. Swiss National Bank now owns 451,500 shares of the company’s stock worth $1,729,000 after buying an additional 4,400 shares during the period. Allspring Global Investments Holdings LLC grew its position in GrafTech International by 21.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 30,645 shares of the company’s stock valued at $117,000 after acquiring an additional 5,488 shares during the period. Finally, CWM LLC grew its holdings in shares of GrafTech International by 211.9% in the 4th quarter. CWM LLC now owns 14,000 shares of the company’s stock worth $31,000 after purchasing an additional 9,511 shares during the last quarter. Institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

EAF has been the subject of a number of research reports. Citigroup lowered their target price on GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. BMO Capital Markets cut their price target on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research report on Thursday, February 15th. UBS Group initiated coverage on shares of GrafTech International in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 target price for the company. Finally, Royal Bank of Canada lowered their price target on GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, GrafTech International currently has a consensus rating of “Hold” and a consensus target price of $1.88.

GrafTech International Stock Down 5.3 %

EAF stock traded down $0.09 during trading hours on Friday, reaching $1.53. 4,390,499 shares of the stock were exchanged, compared to its average volume of 3,565,618. The company has a market cap of $392.17 million, a price-to-earnings ratio of -1.48 and a beta of 1.14. The firm’s 50-day moving average is $1.55 and its 200-day moving average is $2.06. GrafTech International Ltd. has a 12 month low of $1.18 and a 12 month high of $5.32. The company has a debt-to-equity ratio of 11.90, a current ratio of 3.54 and a quick ratio of 1.81.

GrafTech International (NYSE:EAF) last announced its earnings results on Wednesday, February 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.13). The firm had revenue of $137.10 million during the quarter, compared to analyst estimates of $141.20 million. GrafTech International had a negative net margin of 41.14% and a negative return on equity of 39.57%. The firm’s quarterly revenue was down 44.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. On average, equities research analysts expect that GrafTech International Ltd. will post -0.52 earnings per share for the current year.

Insider Buying and Selling at GrafTech International

In other GrafTech International news, major shareholder Colonial House Capital Ltd acquired 2,303,599 shares of GrafTech International stock in a transaction dated Tuesday, April 16th. The stock was bought at an average cost of $1.78 per share, for a total transaction of $4,100,406.22. Following the purchase, the insider now directly owns 29,535,575 shares in the company, valued at approximately $52,573,323.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

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.