Alliancebernstein L.P. Sells 105,720 Shares of GrafTech International Ltd. (NYSE:EAF)

Alliancebernstein L.P. trimmed its holdings in GrafTech International Ltd. (NYSE:EAF) by 33.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 209,340 shares of the company’s stock after selling 105,720 shares during the quarter. Alliancebernstein L.P.’s holdings in GrafTech International were worth $362,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Cibc World Markets Corp bought a new position in GrafTech International during the 4th quarter valued at $42,000. Sonora Investment Management Group LLC lifted its position in shares of 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 purchasing an additional 7,000 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of GrafTech International by 55.0% during the third quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company’s stock valued at $67,000 after purchasing an additional 18,130 shares in the last quarter. EntryPoint Capital LLC purchased a new position in GrafTech International during the fourth quarter worth about $73,000. Finally, Tyler Stone Wealth Management grew its position in GrafTech International by 24.5% in the 4th quarter. Tyler Stone Wealth Management now owns 76,100 shares of the company’s stock worth $132,000 after purchasing an additional 15,000 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at GrafTech International

In other GrafTech International news, CFO Rory F. O’donnell acquired 50,000 shares of GrafTech International stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $1.04 per share, for a total transaction of $52,000.00. Following the purchase, the chief financial officer now owns 100,000 shares of the company’s stock, valued at approximately $104,000. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.72% of the company’s stock.

GrafTech International Trading Down 12.5 %

Shares of EAF stock opened at $0.56 on Tuesday. GrafTech International Ltd. has a 12-month low of $0.52 and a 12-month high of $2.53. The company has a quick ratio of 1.98, a current ratio of 4.55 and a debt-to-equity ratio of 57.38. The company has a 50 day moving average of $0.95 and a 200-day moving average of $1.49. The firm has a market cap of $144.00 million, a P/E ratio of -1.10 and a beta of 1.15.

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

GrafTech International 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.