Yousif Capital Management LLC cut its holdings in Graham Holdings Company (NYSE:GHC – Free Report) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,144 shares of the company’s stock after selling 12 shares during the quarter. Yousif Capital Management LLC’s holdings in Graham were worth $1,082,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of GHC. Janney Montgomery Scott LLC grew its position in shares of Graham by 530.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,575 shares of the company’s stock valued at $3,435,000 after purchasing an additional 3,008 shares during the period. Spire Wealth Management grew its position in shares of Graham by 333.3% in the 1st quarter. Spire Wealth Management now owns 26 shares of the company’s stock valued at $25,000 after purchasing an additional 20 shares during the period. TBH Global Asset Management LLC grew its position in shares of Graham by 2.9% in the 1st quarter. TBH Global Asset Management LLC now owns 2,387 shares of the company’s stock valued at $2,294,000 after purchasing an additional 68 shares during the period. DAVENPORT & Co LLC grew its position in shares of Graham by 3.4% in the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock valued at $577,000 after purchasing an additional 20 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Graham by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 8,619 shares of the company’s stock valued at $8,282,000 after purchasing an additional 158 shares during the period. 93.16% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Graham in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.
Graham Trading Up 4.9%
NYSE:GHC opened at $1,050.60 on Wednesday. Graham Holdings Company has a twelve month low of $770.06 and a twelve month high of $1,200.00. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $1,098.24 and a two-hundred day moving average price of $993.40. The company has a market cap of $4.58 billion, a P/E ratio of 6.74 and a beta of 0.88.
Graham (NYSE:GHC – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, topping analysts’ consensus estimates of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%.The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion.
Graham Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 16th. Graham’s dividend payout ratio is presently 4.62%.
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.
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