Sonora Investment Management Group LLC Raises Stock Holdings in GrafTech International Ltd. (NYSE:EAF)

Sonora Investment Management Group LLC increased its position in GrafTech International Ltd. (NYSE:EAF) by 31.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,025 shares of the company’s stock after acquiring an additional 7,000 shares during the period. Sonora Investment Management Group LLC’s holdings in GrafTech International were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EAF. Millennium Management LLC grew 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 purchasing an additional 3,759,449 shares during the period. Algert Global LLC grew its position in GrafTech International by 13.3% during the 2nd quarter. Algert Global LLC now owns 164,094 shares of the company’s stock worth $159,000 after purchasing an additional 19,224 shares during the period. SG Americas Securities LLC acquired a new stake in GrafTech International during the 3rd quarter worth about $156,000. Foundation Resource Management Inc. grew its position in shares of GrafTech International by 1.3% during the 3rd quarter. Foundation Resource Management Inc. now owns 1,873,481 shares of the company’s stock valued at $2,473,000 after acquiring an additional 24,138 shares during the period. Finally, Tyler Stone Wealth Management grew its position in shares of GrafTech International by 113.3% during the 3rd quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock valued at $81,000 after acquiring an additional 32,450 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

GrafTech International Trading Up 3.4 %

EAF opened at $1.50 on Friday. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 1.98. The company’s 50 day simple moving average is $1.80 and its two-hundred day simple moving average is $1.42. GrafTech International Ltd. has a 1-year low of $0.52 and a 1-year high of $2.53. The firm has a market capitalization of $385.76 million, a price-to-earnings ratio of -1.28 and a beta of 0.99.

GrafTech International (NYSE:EAF) last released its earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. The business had revenue of $130.65 million for the quarter, compared to analyst estimates of $128.14 million. During the same period last year, the company posted ($0.08) EPS. Analysts expect that GrafTech International Ltd. will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EAF shares. Citigroup raised their target price on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th.

GrafTech International 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.