Marshall Wace North America L.P. lifted its holdings in GrafTech International Ltd (NYSE:EAF) by 42.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 754,589 shares of the company’s stock after purchasing an additional 223,534 shares during the quarter. Marshall Wace North America L.P. owned about 0.26% of GrafTech International worth $14,722,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new stake in GrafTech International during the 2nd quarter worth about $2,513,000. Raymond James Financial Services Advisors Inc. acquired a new stake in GrafTech International during the 2nd quarter worth about $310,000. First Trust Advisors LP acquired a new stake in GrafTech International during the 2nd quarter worth about $5,381,000. Jennison Associates LLC acquired a new stake in GrafTech International during the 2nd quarter worth about $38,806,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in GrafTech International during the 2nd quarter worth about $335,000.
Shares of EAF stock opened at $12.68 on Friday. GrafTech International Ltd has a 52-week low of $12.53 and a 52-week high of $24.36.
GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Friday, November 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.11. The business had revenue of $454.90 million during the quarter, compared to analysts’ expectations of $426.50 million. GrafTech International had a negative return on equity of 160.94% and a net margin of 43.72%. The company’s revenue for the quarter was up 231.3% on a year-over-year basis. As a group, research analysts anticipate that GrafTech International Ltd will post 2.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.34 annualized dividend and a dividend yield of 2.68%.
A number of analysts have commented on the company. Vertical Group cut GrafTech International from a “buy” rating to a “sell” rating in a research report on Monday, November 12th. BMO Capital Markets lowered their price target on GrafTech International from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Zacks Investment Research raised GrafTech International from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, November 6th. Finally, Royal Bank of Canada lowered their price target on GrafTech International from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $25.33.
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About GrafTech International
GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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