Headlands Technologies LLC Invests $195,000 in GrafTech International Ltd. (NYSE:EAF)

Headlands Technologies LLC bought a new position in GrafTech International Ltd. (NYSE:EAF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 112,435 shares of the company’s stock, valued at approximately $195,000.

Other hedge funds also recently bought and sold shares of the company. Cibc World Markets Corp purchased a new stake in GrafTech International in the fourth quarter worth about $42,000. Sonora Investment Management Group LLC lifted its position in GrafTech International by 31.8% during the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock valued at $50,000 after buying an additional 7,000 shares during the period. EntryPoint Capital LLC bought a new stake in shares of GrafTech International during the 4th quarter valued at $73,000. Public Employees Retirement System of Ohio increased its stake in shares of GrafTech International by 55.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company’s stock worth $67,000 after acquiring an additional 18,130 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in GrafTech International during the 3rd quarter valued at about $81,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EAF. Royal Bank of Canada restated a “sector perform” rating and issued a $2.00 price objective on shares of GrafTech International in a report on Monday, February 10th. BMO Capital Markets cut their price target on GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research note on Monday, February 10th.

GrafTech International Stock Down 14.1 %

Shares of GrafTech International stock opened at $0.67 on Friday. The company has a 50-day simple moving average of $1.15 and a two-hundred day simple moving average of $1.54. The stock has a market capitalization of $172.88 million, a PE ratio of -1.32 and a beta of 1.15. GrafTech International Ltd. has a 52-week low of $0.52 and a 52-week high of $2.53. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 4.55.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative net margin of 24.34% and a negative return on equity of 709.85%. During the same quarter in the prior year, the company earned ($0.27) earnings per share. On average, analysts anticipate that GrafTech International Ltd. will post -0.57 EPS for the current fiscal year.

Insider Activity

In related news, CFO Rory F. O’donnell acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $1.04 per share, with a total value of $52,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at approximately $104,000. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.