GrafTech International Sees Unusually High Options Volume (EAF)

GrafTech International Ltd (NYSE:EAF) saw unusually large options trading on Thursday. Traders purchased 3,143 put options on the stock. This represents an increase of 2,009% compared to the typical volume of 149 put options.

Shares of EAF opened at $18.30 on Friday. GrafTech International has a 52-week low of $14.00 and a 52-week high of $24.36.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Friday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.07. GrafTech International had a negative return on equity of 1,837.51% and a net margin of 38.52%. The business had revenue of $456.30 million during the quarter, compared to analyst estimates of $417.00 million. GrafTech International’s quarterly revenue was up 292.3% compared to the same quarter last year. On average, research analysts predict that GrafTech International will post 2.73 EPS for the current fiscal year.

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

In other news, Director Gp Ltd Bcp sold 34,688,311 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $19.75, for a total transaction of $685,094,142.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners acquired a new position in shares of GrafTech International in the 2nd quarter valued at approximately $138,608,000. Federated Investors Inc. PA acquired a new position in shares of GrafTech International in the 2nd quarter valued at approximately $68,574,000. Schroder Investment Management Group acquired a new position in shares of GrafTech International in the 2nd quarter valued at approximately $66,218,000. Millennium Management LLC acquired a new position in shares of GrafTech International in the 2nd quarter valued at approximately $61,229,000. Finally, Indus Capital Partners LLC acquired a new position in shares of GrafTech International in the 2nd quarter valued at approximately $40,731,000. Institutional investors and hedge funds own 15.43% of the company’s stock.

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.

Further Reading: Swap

Receive News & Ratings for GrafTech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrafTech International and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply