GrafTech International Ltd. (NYSE:EAF) Stock Holdings Lifted by Virtu Financial LLC

Virtu Financial LLC increased its holdings in shares of GrafTech International Ltd. (NYSE:EAF) by 385.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 175,702 shares of the company’s stock after purchasing an additional 139,513 shares during the quarter. Virtu Financial LLC’s holdings in GrafTech International were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EAF. Millennium Management LLC boosted its position in GrafTech International by 287.8% during the 2nd quarter. Millennium Management LLC now owns 5,065,715 shares of the company’s stock worth $4,914,000 after acquiring an additional 3,759,449 shares during the period. SG Americas Securities LLC acquired a new stake in shares of GrafTech International during the third quarter worth approximately $156,000. Choreo LLC purchased a new position in GrafTech International during the second quarter valued at approximately $155,000. Intech Investment Management LLC acquired a new position in GrafTech International in the 3rd quarter valued at approximately $81,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of GrafTech International by 30.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock valued at $134,000 after buying an additional 23,413 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Analysts Set New Price Targets

EAF has been the subject of a number of research reports. JPMorgan Chase & Co. raised GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th. Citigroup boosted their price target on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1.80.

GrafTech International Price Performance

NYSE EAF opened at $1.94 on Wednesday. GrafTech International Ltd. has a fifty-two week low of $0.52 and a fifty-two week high of $2.53. The stock’s 50-day moving average is $1.93 and its two-hundred day moving average is $1.30. The firm has a market cap of $498.90 million, a P/E ratio of -1.66 and a beta of 0.95. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 1.98.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The business had revenue of $130.65 million for the quarter, compared to the consensus estimate of $128.14 million. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. During the same period last year, the business earned ($0.08) EPS. On average, 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.