Allspring Global Investments Holdings LLC Lowers Stake in Graham Holdings (NYSE:GHC)

Allspring Global Investments Holdings LLC decreased its position in Graham Holdings (NYSE:GHC) by 49.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,300 shares of the company’s stock after selling 1,255 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Graham were worth $905,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GHC. DAVENPORT & Co LLC grew its stake in shares of Graham by 4.8% in the fourth quarter. DAVENPORT & Co LLC now owns 545 shares of the company’s stock valued at $380,000 after buying an additional 25 shares in the last quarter. Harrington Investments INC lifted its stake in Graham by 4.2% during the 4th quarter. Harrington Investments INC now owns 1,685 shares of the company’s stock worth $1,174,000 after acquiring an additional 68 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Graham during the 4th quarter valued at about $2,136,000. Pacer Advisors Inc. boosted its holdings in Graham by 182.4% during the 4th quarter. Pacer Advisors Inc. now owns 915 shares of the company’s stock valued at $637,000 after acquiring an additional 591 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in Graham by 97.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,266 shares of the company’s stock valued at $738,000 after acquiring an additional 626 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 556 shares of Graham stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $712.99, for a total value of $396,422.44. Following the completion of the transaction, the director now owns 1,993 shares in the company, valued at $1,420,989.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.50% of the company’s stock.

Graham Stock Performance

Shares of GHC stock opened at $718.84 on Wednesday. Graham Holdings has a 52 week low of $551.36 and a 52 week high of $771.05. The firm has a 50 day moving average of $726.58 and a two-hundred day moving average of $679.88. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.21 billion, a PE ratio of 16.54 and a beta of 1.11.

Graham (NYSE:GHC) last released its earnings results on Friday, February 23rd. The company reported $10.94 earnings per share (EPS) for the quarter. Graham had a return on equity of 5.23% and a net margin of 4.65%. The firm had revenue of $1.17 billion during the quarter.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 18th will be given a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, April 17th. Graham’s dividend payout ratio is presently 15.83%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

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.