Strategic Financial Concepts LLC Purchases 29,006 Shares of GrafTech International Ltd. (NYSE:EAF)

Strategic Financial Concepts LLC increased its position in shares of GrafTech International Ltd. (NYSE:EAF) by 251.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,530 shares of the company’s stock after buying an additional 29,006 shares during the period. Strategic Financial Concepts LLC’s holdings in GrafTech International were worth $89,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Clear Harbor Asset Management LLC boosted its holdings in GrafTech International by 919.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 483,325 shares of the company’s stock valued at $1,058,000 after purchasing an additional 435,925 shares during the period. SG Americas Securities LLC bought a new stake in GrafTech International in the 4th quarter valued at $59,000. O Keefe Stevens Advisory Inc. boosted its holdings in GrafTech International by 1.6% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 1,559,840 shares of the company’s stock valued at $3,416,000 after purchasing an additional 25,169 shares during the period. American Century Companies Inc. boosted its holdings in GrafTech International by 5.4% in the 3rd quarter. American Century Companies Inc. now owns 232,948 shares of the company’s stock valued at $892,000 after purchasing an additional 12,014 shares during the period. Finally, Deutsche Bank AG boosted its holdings in GrafTech International by 20.6% in the 3rd quarter. Deutsche Bank AG now owns 99,330 shares of the company’s stock valued at $380,000 after purchasing an additional 16,959 shares during the period. 92.83% of the stock is owned by institutional investors.

Insider Buying and Selling at GrafTech International

In other GrafTech International news, major shareholder Gp Ltd Bcp sold 3,922,786 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $2.20, for a total value of $8,630,129.20. Following the completion of the sale, the insider now owns 23,352,826 shares in the company, valued at approximately $51,376,217.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

GrafTech International Price Performance

Shares of GrafTech International stock traded up $0.08 during mid-day trading on Friday, reaching $1.38. 2,867,013 shares of the stock were exchanged, compared to its average volume of 3,339,124. The company has a market cap of $354.43 million, a price-to-earnings ratio of -1.38 and a beta of 1.16. The company has a current ratio of 3.54, a quick ratio of 1.81 and a debt-to-equity ratio of 11.90. The firm has a 50-day simple moving average of $1.50 and a 200 day simple moving average of $2.35. GrafTech International Ltd. has a fifty-two week low of $1.18 and a fifty-two week high of $5.32.

GrafTech International (NYSE:EAF) last announced its earnings results on Wednesday, February 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.13). The firm had revenue of $137.10 million for the quarter, compared to analyst estimates of $141.20 million. GrafTech International had a negative return on equity of 39.57% and a negative net margin of 41.14%. The company’s revenue for the quarter was down 44.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. On average, sell-side analysts predict that GrafTech International Ltd. will post -0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup reduced their price target on shares of GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, January 10th. Royal Bank of Canada reduced their price target on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. UBS Group assumed coverage on shares of GrafTech International in a report on Tuesday, January 16th. They set a “neutral” rating and a $2.00 price objective for the company. Finally, BMO Capital Markets reduced their price objective on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1.88.

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.