Marshall Wace LLP Invests $23.02 Million in GrafTech International Ltd (EAF) Stock

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Marshall Wace LLP acquired a new stake in GrafTech International Ltd (NYSE:EAF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,179,970 shares of the company’s stock, valued at approximately $23,021,000. Marshall Wace LLP owned 0.41% of GrafTech International at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EAF. State of Alaska Department of Revenue bought a new position in GrafTech International in the 3rd quarter valued at $118,000. Trustcore Financial Services LLC grew its stake in GrafTech International by 620.0% in the 3rd quarter. Trustcore Financial Services LLC now owns 7,200 shares of the company’s stock valued at $140,000 after purchasing an additional 6,200 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in GrafTech International in the 3rd quarter valued at $195,000. Amalgamated Bank bought a new position in GrafTech International in the 3rd quarter valued at $205,000. Finally, Utah Retirement Systems bought a new position in GrafTech International in the 3rd quarter valued at $211,000.

EAF stock opened at $12.68 on Friday. GrafTech International Ltd has a fifty-two week low of $12.53 and a fifty-two week high of $24.36.

GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Friday, November 2nd. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. The company had revenue of $454.90 million during the quarter, compared to the consensus estimate of $426.50 million. GrafTech International had a negative return on equity of 160.94% and a net margin of 43.72%. The business’s revenue was up 231.3% compared to the same quarter last year. Analysts predict that GrafTech International Ltd will post 2.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, November 30th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.34 annualized dividend and a dividend yield of 2.68%.

EAF has been the subject of a number of recent analyst reports. BMO Capital Markets reduced their price objective on GrafTech International from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. Zacks Investment Research downgraded GrafTech International from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Vertical Group downgraded GrafTech International from a “buy” rating to a “sell” rating in a research note on Monday, November 12th. Finally, Royal Bank of Canada reduced their price objective on GrafTech International from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.33.

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GrafTech International Company Profile

GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.

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Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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