FMR LLC & Abigail Johnson Report 15% Stake in GrafTech Intl Ltd
Ticker: EAF · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 931148
| Field | Detail |
|---|---|
| Company | Graftech International LTD (EAF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC still owns 15% of GrafTech, a big vote of confidence from a major player.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in GrafTech International Ltd. (NYSE: EAF) through an SC 13G/A filing on February 9, 2024. They now collectively beneficially own 38,521,185 shares, representing 15.000% of GrafTech's common stock. This matters to investors because FMR LLC is a significant institutional holder, and changes in their ownership can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial 15.000% ownership in GrafTech, indicating continued significant investment in the company.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which can provide a baseline of stability, but should also research GrafTech's fundamentals and recent performance to understand the broader investment context.
Key Numbers
- 38,521,185 — Shares Beneficially Owned (This is the total number of GrafTech common shares FMR LLC and Abigail P. Johnson beneficially own.)
- 15.000% — Percent of Class (This represents the significant portion of GrafTech's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- GRAFTECH INTERNATIONAL LTD (company) — issuer of the common stock
- 38,521,185 (dollar_amount) — number of shares beneficially owned
- 15.000% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant ownership stake in GrafTech International Ltd. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for GrafTech International Ltd.?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares of GrafTech International Ltd. common stock beneficially owned by the reporting persons?
According to Item 4(a) and Item 7 for both FMR LLC and Abigail P. Johnson, the total amount beneficially owned is 38,521,185 shares.
What percentage of GrafTech International Ltd.'s common stock class do the reporting persons beneficially own?
The reporting persons beneficially own 15.000% of the class of common stock, as indicated in Item 11 for both FMR LLC and Abigail P. Johnson, and Item 4(b).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as designated by the 'x' in the appropriate box on the cover page and confirmed in Item 3.
What is the CUSIP number for GrafTech International Ltd.'s common stock?
The CUSIP number for GrafTech International Ltd.'s common stock is 384313508, as listed on the cover page and in Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding GRAFTECH INTERNATIONAL LTD (EAF).