New York State Common Retirement Fund Has $1.76 Million Stake in Graham Holdings (NYSE:GHC)

New York State Common Retirement Fund cut its stake in shares of Graham Holdings (NYSE:GHC) by 15.6% in the fourth quarter, Holdings Channel reports. The fund owned 2,527 shares of the company’s stock after selling 467 shares during the period. New York State Common Retirement Fund’s holdings in Graham were worth $1,760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new position in Graham in the third quarter valued at about $2,531,000. Gamco Investors INC. ET AL grew its position 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 acquiring an additional 2,025 shares during the last quarter. VELA Investment Management LLC grew its position in Graham by 0.4% during the 4th quarter. VELA Investment Management LLC now owns 8,607 shares of the company’s stock worth $5,995,000 after acquiring an additional 31 shares during the last quarter. Pacer Advisors Inc. increased 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 purchasing an additional 591 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Graham in the 3rd quarter valued at $785,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a report on Wednesday.

Graham Trading Up 1.6 %

Shares of NYSE GHC opened at $763.10 on Thursday. Graham Holdings has a 1-year low of $551.36 and a 1-year high of $771.05. The company has a 50-day moving average of $729.27 and a two-hundred day moving average of $689.63. The company has a market cap of $3.41 billion, a PE ratio of 12.65 and a beta of 1.11. The company has a current ratio of 1.57, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $11.24 earnings per share for the quarter. The firm had revenue of $1.15 billion during the quarter. Graham had a net margin of 6.12% and a return on equity of 5.39%.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 18th will be paid a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, April 17th. Graham’s dividend payout ratio (DPR) is presently 11.41%.

Insider Activity at Graham

In other Graham 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 transaction of $396,422.44. Following the completion of the sale, the director now directly owns 1,993 shares of the company’s stock, valued at approximately $1,420,989.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 32.30% of the stock is owned by company insiders.

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.