Graham (NYSE:GHC) Cut to Buy (B) at Weiss Ratings

Weiss Ratings cut shares of Graham (NYSE:GHC) from a buy (a-) rating to a buy (b) rating in a research report released on Saturday morning,Weiss Ratings reports.

Graham Stock Performance

Shares of GHC opened at $1,032.89 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. The stock has a 50-day moving average of $1,095.10 and a 200-day moving average of $997.38. The company has a market cap of $4.50 billion, a PE ratio of 6.63 and a beta of 0.88. Graham has a one year low of $770.80 and a one year high of $1,200.00.

Graham (NYSE:GHC) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%.The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 16th. Graham’s payout ratio is 4.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GHC. Spire Wealth Management lifted its position in 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 acquiring an additional 20 shares in the last quarter. TBH Global Asset Management LLC raised its stake in shares of Graham by 2.9% in the first quarter. TBH Global Asset Management LLC now owns 2,387 shares of the company’s stock worth $2,294,000 after purchasing an additional 68 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Graham by 3.4% in the first quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock worth $577,000 after purchasing an additional 20 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Graham by 1.9% during the first quarter. Principal Financial Group Inc. now owns 8,619 shares of the company’s stock worth $8,282,000 after buying an additional 158 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Graham during the first quarter worth $48,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

About Graham

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.