Strs Ohio Decreases Stock Position in Graham Holdings (NYSE:GHC)

Strs Ohio cut its stake in Graham Holdings (NYSE:GHC) by 41.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,000 shares of the company’s stock after selling 700 shares during the quarter. Strs Ohio’s holdings in Graham were worth $696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in Graham during the 3rd quarter worth about $2,531,000. Gamco Investors INC. ET AL lifted its holdings in Graham by 12.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 18,071 shares of the company’s stock worth $10,535,000 after buying an additional 2,025 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Graham by 182.4% during the 4th quarter. Pacer Advisors Inc. now owns 915 shares of the company’s stock worth $637,000 after buying an additional 591 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Graham during the 3rd quarter worth about $785,000. Finally, VELA Investment Management LLC lifted its holdings in Graham by 23.1% during the 3rd quarter. VELA Investment Management LLC now owns 8,576 shares of the company’s stock worth $5,000,000 after buying an additional 1,610 shares during the last quarter. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Katharine Weymouth sold 556 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $712.99, for a total value of $396,422.44. Following the transaction, the director now owns 1,993 shares in the company, valued at approximately $1,420,989.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 20.50% of the company’s stock.

Graham Stock Down 1.5 %

Graham stock opened at $706.43 on Friday. Graham Holdings has a fifty-two week low of $551.36 and a fifty-two week high of $771.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.26 and a current ratio of 1.50. The company has a market capitalization of $3.15 billion, a P/E ratio of 16.25 and a beta of 1.11. The stock has a 50-day simple moving average of $725.67 and a 200-day simple moving average of $680.31.

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

Graham Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 18th will be issued a $1.72 dividend. This represents a $6.88 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, April 17th. Graham’s payout ratio is currently 15.83%.

Graham Company 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.