Principal Financial Group Inc. increased its position in GrafTech International Ltd. (NYSE:EAF – Free Report) by 37.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,817 shares of the company’s stock after purchasing an additional 22,885 shares during the quarter. Principal Financial Group Inc.’s holdings in GrafTech International were worth $321,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EAF. Charles Schwab Investment Management Inc. lifted its stake in shares of GrafTech International by 6.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,833,535 shares of the company’s stock valued at $19,321,000 after purchasing an additional 226,874 shares during the period. Russell Investments Group Ltd. raised its stake in GrafTech International by 94.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 312,001 shares of the company’s stock worth $1,572,000 after buying an additional 151,588 shares during the period. Hodges Capital Management Inc. grew its stake in GrafTech International by 34.7% in the second quarter. Hodges Capital Management Inc. now owns 381,100 shares of the company’s stock valued at $2,426,000 after acquiring an additional 98,248 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in GrafTech International by 36.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,186 shares of the company’s stock valued at $196,000 after acquiring an additional 13,730 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of GrafTech International by 9.6% in the second quarter. Rhumbline Advisers now owns 285,166 shares of the company’s stock worth $1,437,000 after acquiring an additional 24,959 shares in the last quarter. 92.83% of the stock is owned by institutional investors.
GrafTech International Price Performance
Shares of NYSE EAF opened at $1.44 on Tuesday. The firm has a market cap of $369.80 million, a P/E ratio of 28.80 and a beta of 1.10. The business’s 50 day moving average is $1.88 and its 200-day moving average is $2.91. The company has a current ratio of 4.21, a quick ratio of 1.98 and a debt-to-equity ratio of 3.22. GrafTech International Ltd. has a 1-year low of $1.18 and a 1-year high of $5.82.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Citigroup reduced their price objective on GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, January 10th. TheStreet downgraded shares of GrafTech International from a “c-” rating to a “d+” rating in a research note on Monday, November 6th. Finally, UBS Group started coverage on GrafTech International in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 target price on the stock. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.83.
GrafTech International Company 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.
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