Alps Advisors Inc. lessened its stake in GrafTech International Ltd (NYSE:EAF) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,997 shares of the company’s stock after selling 1,530 shares during the quarter. Alps Advisors Inc.’s holdings in GrafTech International were worth $333,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashburton Jersey Ltd bought a new position in GrafTech International during the 2nd quarter worth $31,000. Advisory Services Network LLC bought a new position in shares of GrafTech International in the first quarter worth $37,000. Advisor Group Inc. boosted its stake in GrafTech International by 74.8% in the second quarter. Advisor Group Inc. now owns 4,768 shares of the company’s stock valued at $55,000 after buying an additional 2,041 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in GrafTech International in the first quarter valued at about $57,000. Finally, BNP Paribas Arbitrage SA boosted its stake in GrafTech International by 133.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,978 shares of the company’s stock valued at $69,000 after buying an additional 3,417 shares in the last quarter.
EAF has been the topic of several research analyst reports. Zacks Investment Research lowered GrafTech International from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Citigroup raised GrafTech International from a “sell” rating to a “neutral” rating and set a $12.00 price target on the stock in a research note on Thursday, July 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. GrafTech International presently has an average rating of “Hold” and an average target price of $20.50.
Shares of EAF stock opened at $13.48 on Friday. The company has a market cap of $3.93 billion, a P/E ratio of 4.70 and a beta of 1.73. GrafTech International Ltd has a fifty-two week low of $9.60 and a fifty-two week high of $20.31. The stock has a 50 day simple moving average of $11.67 and a two-hundred day simple moving average of $11.95.
GrafTech International (NYSE:EAF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.01). GrafTech International had a net margin of 42.35% and a negative return on equity of 88.91%. The firm had revenue of $480.39 million for the quarter, compared to the consensus estimate of $511.07 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that GrafTech International Ltd will post 2.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a dividend of $0.085 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.34 annualized dividend and a yield of 2.52%. GrafTech International’s dividend payout ratio (DPR) is currently 11.85%.
GrafTech International Company Profile
GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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