Patten & Patten Inc. TN Sells 17,390 Shares of GrafTech International Ltd. (NYSE:EAF)

Patten & Patten Inc. TN lessened its position in shares of GrafTech International Ltd. (NYSE:EAF) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,530 shares of the company’s stock after selling 17,390 shares during the period. Patten & Patten Inc. TN’s holdings in GrafTech International were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of GrafTech International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 5,053,060 shares of the company’s stock worth $6,671,000 after acquiring an additional 59,424 shares during the period. Franklin Resources Inc. increased its position in GrafTech International by 81.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,536,232 shares of the company’s stock worth $6,623,000 after purchasing an additional 2,029,350 shares in the last quarter. JPMorgan Chase & Co. increased its position in GrafTech International by 475.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company’s stock worth $3,246,000 after purchasing an additional 2,031,652 shares in the last quarter. Jane Street Group LLC increased its position in GrafTech International by 13.6% during the 3rd quarter. Jane Street Group LLC now owns 885,147 shares of the company’s stock worth $1,168,000 after purchasing an additional 106,091 shares in the last quarter. Finally, Rhumbline Advisers increased its position in GrafTech International by 6.5% during the 4th quarter. Rhumbline Advisers now owns 343,757 shares of the company’s stock worth $595,000 after purchasing an additional 20,902 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Insider Buying and Selling at GrafTech International

In other news, CFO Rory F. O’donnell acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $1.04 per share, for a total transaction of $52,000.00. Following the completion of the transaction, the chief financial officer now directly owns 100,000 shares in the company, valued at $104,000. This represents a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

GrafTech International Trading Down 1.4 %

Shares of NYSE EAF opened at $1.09 on Tuesday. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 4.55. GrafTech International Ltd. has a 52-week low of $0.52 and a 52-week high of $2.53. The firm has a 50 day moving average price of $1.35 and a two-hundred day moving average price of $1.52. The stock has a market cap of $279.13 million, a P/E ratio of -2.13 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EAF shares. JPMorgan Chase & Co. upgraded shares of GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets lowered 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 research report on Monday, February 10th. Citigroup upped their price objective on shares of GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $2.00 price objective on shares of GrafTech International in a research report on Monday, February 10th.

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.