GrafTech International Ltd. (NYSE:EAF) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP lowered its stake in shares of GrafTech International Ltd. (NYSE:EAF) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,639,480 shares of the company’s stock after selling 1,152,064 shares during the period. Yacktman Asset Management LP owned about 4.14% of GrafTech International worth $18,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sonora Investment Management Group LLC raised its holdings in GrafTech International by 31.8% during the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock worth $50,000 after purchasing an additional 7,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of GrafTech International by 55.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company’s stock worth $67,000 after buying an additional 18,130 shares during the last quarter. Tyler Stone Wealth Management boosted its position in shares of GrafTech International by 113.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock worth $81,000 after buying an additional 32,450 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of GrafTech International in the 3rd quarter worth about $81,000. Finally, The Manufacturers Life Insurance Company grew its stake in GrafTech International by 30.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock valued at $134,000 after acquiring an additional 23,413 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

GrafTech International Stock Performance

NYSE:EAF opened at $1.14 on Tuesday. GrafTech International Ltd. has a 1-year low of $0.52 and a 1-year high of $2.53. The firm has a 50 day simple moving average of $1.72 and a 200-day simple moving average of $1.44. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 1.98.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the firm posted ($0.27) earnings per share. On average, equities research analysts anticipate that GrafTech International Ltd. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

EAF has been the topic of several recent research reports. BMO Capital Markets reduced their price target on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a report on Monday. JPMorgan Chase & Co. raised GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $2.00 price target on shares of GrafTech International in a research report on Monday. Finally, Citigroup upped their price objective on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd.

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.