London Co. of Virginia Cuts Stock Position in Graham Holdings (NYSE:GHC)

London Co. of Virginia lessened its stake in shares of Graham Holdings (NYSE:GHC) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,917 shares of the company’s stock after selling 305 shares during the quarter. London Co. of Virginia owned about 0.48% of Graham worth $13,655,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GHC. Greenleaf Trust raised its position in Graham by 2.9% in the first quarter. Greenleaf Trust now owns 640 shares of the company’s stock worth $381,000 after acquiring an additional 18 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Graham by 6.5% in the third quarter. Tower Research Capital LLC TRC now owns 293 shares of the company’s stock worth $157,000 after acquiring an additional 18 shares in the last quarter. Federated Hermes Inc. raised its position in Graham by 5.6% in the first quarter. Federated Hermes Inc. now owns 360 shares of the company’s stock worth $220,000 after acquiring an additional 19 shares in the last quarter. Amalgamated Bank raised its position in Graham by 0.8% in the fourth quarter. Amalgamated Bank now owns 2,571 shares of the company’s stock worth $1,553,000 after acquiring an additional 20 shares in the last quarter. Finally, FMR LLC raised its position in Graham by 2.1% in the first quarter. FMR LLC now owns 1,002 shares of the company’s stock worth $597,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 61.99% of the company’s stock.

Graham Trading Up 0.3 %

Shares of GHC stock opened at $570.47 on Monday. Graham Holdings has a fifty-two week low of $525.58 and a fifty-two week high of $681.70. The stock has a market cap of $2.65 billion, a P/E ratio of 12.73 and a beta of 1.03. The business has a fifty day simple moving average of $578.29 and a 200-day simple moving average of $582.17. The company has a quick ratio of 1.27, a current ratio of 1.50 and a debt-to-equity ratio of 0.15.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $12.97 EPS for the quarter. The business had revenue of $1.11 billion for the quarter. Graham had a return on equity of 6.86% and a net margin of 5.08%.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 2nd. Investors of record on Wednesday, October 18th will be paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Tuesday, October 17th. Graham’s payout ratio is currently 14.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GHC. TheStreet upgraded Graham from a “c+” rating to a “b” rating in a research report on Thursday, August 17th. StockNews.com began coverage on Graham in a research report on Thursday, August 17th. They issued a “buy” rating for the company.

Graham Profile

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.