Mackenzie Financial Corp Acquires 699 Shares of Graham Holdings (NYSE:GHC)

Mackenzie Financial Corp boosted its stake in Graham Holdings (NYSE:GHCGet Rating) by 51.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,068 shares of the company’s stock after purchasing an additional 699 shares during the period. Mackenzie Financial Corp’s holdings in Graham were worth $1,172,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GHC. Gladius Capital Management LP increased its stake in shares of Graham by 141.4% in the second quarter. Gladius Capital Management LP now owns 461 shares of the company’s stock valued at $262,000 after buying an additional 270 shares during the period. Principal Financial Group Inc. increased its position in Graham by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 16,883 shares of the company’s stock valued at $9,570,000 after purchasing an additional 601 shares during the period. WINTON GROUP Ltd raised its holdings in Graham by 13.5% during the 2nd quarter. WINTON GROUP Ltd now owns 4,230 shares of the company’s stock worth $2,398,000 after purchasing an additional 503 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Graham by 156.0% during the 2nd quarter. Lazard Asset Management LLC now owns 128 shares of the company’s stock worth $72,000 after purchasing an additional 78 shares during the last quarter. Finally, Tevis Investment Management lifted its position in shares of Graham by 8.0% in the 2nd quarter. Tevis Investment Management now owns 834 shares of the company’s stock worth $488,000 after purchasing an additional 62 shares during the period. 63.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GHC has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Graham in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet downgraded Graham from a “b” rating to a “c” rating in a report on Friday, August 5th.

Insider Buying and Selling

In related news, Director Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average price of $556.15 per share, for a total transaction of $55,615.00. Following the completion of the acquisition, the director now owns 5,500 shares of the company’s stock, valued at $3,058,825. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 20.50% of the stock is owned by insiders.

Graham Trading Down 0.5 %

Shares of GHC stock opened at $641.75 on Thursday. The company has a market cap of $3.08 billion, a P/E ratio of 21.86 and a beta of 1.03. Graham Holdings has a fifty-two week low of $525.58 and a fifty-two week high of $675.00. The stock has a 50 day simple moving average of $593.56 and a two-hundred day simple moving average of $585.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.44.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Tuesday, October 18th were given a dividend of $1.58 per share. The ex-dividend date was Monday, October 17th. This represents a $6.32 dividend on an annualized basis and a dividend yield of 0.98%. Graham’s payout ratio is presently 21.53%.

Graham Profile

(Get Rating)

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global.

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Institutional Ownership by Quarter for Graham (NYSE:GHC)

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