Numerai GP LLC Purchases Shares of 41,698 GrafTech International Ltd. (NYSE:EAF)

Numerai GP LLC purchased a new stake in shares of GrafTech International Ltd. (NYSE:EAF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 41,698 shares of the company’s stock, valued at approximately $72,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EAF. Ethic Inc. boosted its stake in GrafTech International by 89.0% during the 4th quarter. Ethic Inc. now owns 21,889 shares of the company’s stock valued at $38,000 after purchasing an additional 10,307 shares in the last quarter. Cibc World Markets Corp bought a new position in GrafTech International during the 4th quarter valued at $42,000. Sonora Investment Management Group LLC boosted its stake in GrafTech International by 31.8% during the 4th quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock valued at $50,000 after purchasing an additional 7,000 shares in the last quarter. Beaconlight Capital LLC bought a new stake in shares of GrafTech International during the 4th quarter worth $57,000. Finally, EntryPoint Capital LLC bought a new stake in shares of GrafTech International during the 4th quarter worth $73,000. 92.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EAF shares. UBS Group reduced their price objective on GrafTech International from $1.50 to $0.80 and set a “neutral” rating for the company in a research note on Tuesday. BMO Capital Markets reduced their price objective on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a research note on Monday, February 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $2.00 price objective on shares of GrafTech International in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1.63.

GrafTech International Stock Performance

EAF opened at $0.92 on Friday. The firm has a market cap of $236.43 million, a PE ratio of -1.80 and a beta of 1.28. The business has a fifty day simple moving average of $0.78 and a 200-day simple moving average of $1.36. The company has a quick ratio of 1.98, a current ratio of 4.55 and a debt-to-equity ratio of 57.38. GrafTech International Ltd. has a fifty-two week low of $0.52 and a fifty-two week high of $2.53.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, April 25th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $111.84 million during the quarter, compared to analysts’ expectations of $122.33 million. GrafTech International had a negative return on equity of 709.85% and a negative net margin of 24.34%. During the same quarter last year, the firm posted ($0.10) earnings per share. As a group, equities analysts predict that GrafTech International Ltd. will post -0.57 EPS for the current fiscal year.

Insider Transactions at GrafTech International

In other GrafTech International news, Director Jean-Marc Germain bought 50,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $0.78 per share, with a total value of $39,000.00. Following the completion of the transaction, the director now directly owns 90,000 shares in the company, valued at approximately $70,200. This represents a 125.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by insiders.

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.