Dallas, Texas 09/04/2013 (Financialstrend) – It was observed that by the end of second quarter, there were totally 12 hedge funds which were holding long positions in the stock of GrafTech International Ltd (NYSE:GTI), which was actually a decline of 25% from the first quarter of the fiscal year 2013. There were few hedge fund managers who had increased their holdings in this stock and the Royce & Associates of Chuck Royce was found to be holding the largest hedge fund position in this stock with shares worth $127 million to comprise significant part of 0.4% of the total fund portfolio. The second largest position of hedge fund investment in this stock was held by Samlyn Capital under the management of Robert Pohly and they were observed to be holding shares worth $42.8 million to comprise 1.2% of the total fund portfolio.
However, it was also observed that around 4 hedge funds had dropped their interest in this stock by the end of second quarter with the largest sale of stake being made by Hutchin Hill Capital for shares worth $2 million. Also Tudor Investment Corp. had dumped shares worth $0.2 million of this stock.
Shares of GrafTech International Ltd (NYSE:GTI) dipped on Tuesday to close at $7.64 per share, a decrease of 2.30% over the previous close. The stock prices for the day traded in the range of $7.52 to $8.02 per share. For the past 52 weeks, the stock had presented low price at $6.41 and high price at $11.27 per share. The stock managed to pull in around 1.26 million trades on Tuesday, while the average level for the past 30 days of trading is at 1.11 million shares per day. There are presently 135.02 million outstanding shares for the company and the institutional ownership is at 105%.