GrafTech International Ltd. $EAF Shares Sold by Woodbridge Co Ltd

Woodbridge Co Ltd lessened its position in shares of GrafTech International Ltd. (NYSE:EAF) by 90.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,324 shares of the company’s stock after selling 1,037,920 shares during the quarter. Woodbridge Co Ltd owned about 0.45% of GrafTech International worth $1,478,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in GrafTech International by 57.2% in the second quarter. Franklin Resources Inc. now owns 7,131,013 shares of the company’s stock valued at $6,936,000 after buying an additional 2,594,562 shares during the last quarter. Marshall Wace LLP grew its position in shares of GrafTech International by 132.8% during the second quarter. Marshall Wace LLP now owns 2,782,531 shares of the company’s stock worth $2,699,000 after acquiring an additional 1,587,052 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in shares of GrafTech International by 92.3% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 3,151,686 shares of the company’s stock valued at $3,065,000 after acquiring an additional 1,512,436 shares during the period. Jane Street Group LLC raised its position in GrafTech International by 357.6% in the 2nd quarter. Jane Street Group LLC now owns 1,678,655 shares of the company’s stock valued at $1,633,000 after purchasing an additional 1,311,797 shares during the last quarter. Finally, Sender Co & Partners Inc. raised its position in GrafTech International by 169.2% in the 2nd quarter. Sender Co & Partners Inc. now owns 1,286,455 shares of the company’s stock valued at $1,251,000 after purchasing an additional 808,615 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on EAF shares. Royal Bank Of Canada lowered their price objective on shares of GrafTech International from $21.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 10th. Citigroup upped their target price on shares of GrafTech International from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of GrafTech International in a report on Thursday, January 22nd. Finally, Wall Street Zen cut GrafTech International from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $11.75.

GrafTech International Trading Down 8.0%

Shares of EAF opened at $5.84 on Friday. The stock’s 50 day moving average is $12.61 and its two-hundred day moving average is $13.35. GrafTech International Ltd. has a twelve month low of $5.50 and a twelve month high of $20.32. The firm has a market capitalization of $150.79 million, a PE ratio of -0.69 and a beta of 1.69.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, February 6th. The company reported ($2.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.27) by ($1.18). The firm had revenue of $116.46 million during the quarter, compared to analyst estimates of $140.00 million. On average, sell-side analysts predict that GrafTech International Ltd. will post -0.57 EPS for the current year.

GrafTech International Company Profile

GrafTech International (NYSE: EAF) is a leading global manufacturer of graphite electrodes and other specialty graphite products used primarily in electric arc furnaces (EAFs) for steel production. The company’s core offerings include ultrahigh-power, high-power and regular power electrodes, along with related accessories such as graphite shapes and heterogeneous carbon materials. These products play a critical role in steelmaking by conducting the high electrical currents required to melt scrap steel efficiently and with reduced environmental impact compared to traditional blast furnace methods.

With a manufacturing footprint spanning North America, Europe and Asia, GrafTech serves steel producers and foundries worldwide.