Columbus Circle Investors Buys 421,601 Shares of GrafTech International Ltd (EAF)

Columbus Circle Investors grew its stake in shares of GrafTech International Ltd (NYSE:EAF) by 74.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 990,503 shares of the company’s stock after acquiring an additional 421,601 shares during the period. Columbus Circle Investors’ holdings in GrafTech International were worth $19,325,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EAF. Boston Partners acquired a new stake in shares of GrafTech International during the 2nd quarter valued at $138,608,000. Federated Investors Inc. PA acquired a new stake in shares of GrafTech International during the 2nd quarter valued at $68,574,000. Schroder Investment Management Group acquired a new stake in shares of GrafTech International during the 2nd quarter valued at $66,218,000. Millennium Management LLC acquired a new stake in shares of GrafTech International during the 2nd quarter valued at $61,229,000. Finally, Indus Capital Partners LLC acquired a new stake in shares of GrafTech International during the 2nd quarter valued at $40,731,000. Institutional investors own 15.43% of the company’s stock.

Shares of NYSE:EAF opened at $16.83 on Wednesday. GrafTech International Ltd has a 12-month low of $14.00 and a 12-month high of $24.36.

GrafTech International (NYSE:EAF) last announced its earnings results on Friday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. GrafTech International had a net margin of 38.52% and a negative return on equity of 1,837.51%. The company had revenue of $456.30 million for the quarter, compared to the consensus estimate of $417.00 million. GrafTech International’s revenue for the quarter was up 292.3% on a year-over-year basis. Analysts expect that GrafTech International Ltd will post 2.73 earnings per share for the current year.

In other GrafTech International news, Director Gp Ltd Bcp sold 34,688,311 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $19.75, for a total transaction of $685,094,142.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

A number of equities research analysts have recently commented on EAF shares. Vertical Group started coverage on GrafTech International in a research report on Wednesday, August 1st. They set a “buy” rating for the company. Vertical Research initiated coverage on shares of GrafTech International in a research note on Wednesday, August 1st. They set a “buy” rating and a $29.00 target price on the stock. BMO Capital Markets boosted their target price on shares of GrafTech International from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research downgraded shares of GrafTech International from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.60.

GrafTech International Profile

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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Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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