Rory F. O’donnell Buys 50,000 Shares of GrafTech International Ltd. (NYSE:EAF) Stock

GrafTech International Ltd. (NYSE:EAF) CFO Rory F. O’donnell acquired 50,000 shares of GrafTech International stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $1.04 per share, with a total value of $52,000.00. Following the purchase, the chief financial officer now owns 100,000 shares of the company’s stock, valued at $104,000. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

GrafTech International Trading Up 7.4 %

NYSE:EAF opened at $1.10 on Friday. The firm has a market cap of $281.60 million, a P/E ratio of -0.94 and a beta of 0.97. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. The stock’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $1.44. GrafTech International Ltd. has a 12-month low of $0.52 and a 12-month high of $2.53.

GrafTech International (NYSE:EAF) last released its earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. During the same period last year, the company earned ($0.27) EPS. Equities analysts anticipate that GrafTech International Ltd. will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC grew its holdings in GrafTech International by 10.4% during the fourth quarter. Barclays PLC now owns 408,430 shares of the company’s stock worth $706,000 after acquiring an additional 38,482 shares during the period. Raymond James Financial Inc. acquired a new position in GrafTech International during the fourth quarter worth $185,000. Invesco Ltd. grew its holdings in GrafTech International by 1.6% during the fourth quarter. Invesco Ltd. now owns 2,751,163 shares of the company’s stock worth $4,760,000 after acquiring an additional 42,268 shares during the period. Russell Investments Group Ltd. grew its holdings in GrafTech International by 25.2% during the fourth quarter. Russell Investments Group Ltd. now owns 613,586 shares of the company’s stock worth $1,062,000 after acquiring an additional 123,574 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in GrafTech International by 50.8% during the fourth quarter. Wells Fargo & Company MN now owns 128,311 shares of the company’s stock worth $222,000 after acquiring an additional 43,219 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analyst Ratings Changes

EAF has been the subject of a number of research reports. 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2.00 price objective on shares of GrafTech International in a research note on Monday. JPMorgan Chase & Co. raised GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. Finally, Citigroup boosted their target price on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a report on Tuesday, December 3rd.

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.