Grantham, Mayo, Van Otterloo & Co recently announced the acquisition of new stake in GrafTech International Ltd. (NYSE:EAF). The institutional investor has increased its shareholding in the Industrials company by 12.87% to 22.97 million shares with purchase of 2.62 million shares. This fresh investment now brings its stake to 8.95% valued currently at $56.74 million. In addition, Yacktman Asset Management LP raised its holdings by 85681.0 to 9.34 million shares. And FIAM LLC has lifted its position by 14.81% or 0.82 million shares – to 6.35 million shares.
Currently, there are 256.60M common shares owned by the public and among those 192.39M shares have been available to trade.
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Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 78,458 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 10,141 shares.
The top 3 mutual fund holders in GrafTech International Ltd. are Fidelity Low Priced Stock Fund, Government Pension Fund – Global, and GMO Climate Change Fund. Fidelity Low Priced Stock Fund owns 18.31 million shares of the company’s stock, all valued at over $45.22 million. Government Pension Fund – Global sold 513.0 shares to see its total holdings shrink to 8.29 million shares valued at over $20.48 million and representing 3.23% of the shares outstanding. GMO Climate Change Fund bought 0.54 million shares to bring its total holdings to over 6.33 million shares at a value of $15.64 million. GMO Climate Change Fund now owns shares totaling to 2.47% of the shares outstanding.
However, the script later moved the day high at 2.4100, down -9.17%. The company’s stock has a 5-day price change of -15.18% and -37.36% over the past three months. EAF shares are trading -54.20% year to date (YTD), with the 12-month market performance down to -55.96% lower. It has a 12-month low price of $2.20 and touched a high of $6.74 over the same period. EAF has an average intraday trading volume of 2.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.71%, -24.57%, and -46.41% respectively.
Institutional ownership of GrafTech International Ltd. (NYSE: EAF) shares accounts for 69.80% of the company’s 256.60M shares outstanding. Mutual fund holders own 25.11%, while other institutional holders and individual stakeholders account for 47.29% and 23.79% respectively.
It has a market capitalization of $559.85M and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 44.76, while the earnings-per-share (ttm) stands at $0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.36% over the week and 6.25% over the month.
Analysts forecast that GrafTech International Ltd. (EAF) will achieve an EPS of $e.l.f. Beauty, Inc. for the current quarter, $147.78 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Electronic Arts Inc. while analysts give the company a high EPS estimate of $GrafTech International Ltd.. Comparatively, EPS for the current quarter was $iShares MSCI EAFE ETF a year ago. Earnings per share for the fiscal year are expected to decrease by -115.78%, and 57.39% over the next financial year. EPS should shrink at an annualized rate of -5.87% over the next five years, compared to 123.73% over the past 5-year period.
Looking at the support for the EAF, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on July 13, 2022, with the firm’s price target at $10-$7.
