Edgestream Partners L.P. Acquires Shares of 2,883 Graham Holdings Company $GHC

Edgestream Partners L.P. bought a new position in shares of Graham Holdings Company (NYSE:GHC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,883 shares of the company’s stock, valued at approximately $2,728,000. Edgestream Partners L.P. owned about 0.07% of Graham at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GHC. UMB Bank n.a. lifted its position in shares of Graham by 68.8% during the 2nd quarter. UMB Bank n.a. now owns 27 shares of the company’s stock worth $26,000 after buying an additional 11 shares during the last quarter. GAMMA Investing LLC grew its position in Graham by 55.0% in the second quarter. GAMMA Investing LLC now owns 31 shares of the company’s stock valued at $29,000 after acquiring an additional 11 shares during the last quarter. Bessemer Group Inc. raised its stake in Graham by 500.0% during the second quarter. Bessemer Group Inc. now owns 96 shares of the company’s stock worth $91,000 after acquiring an additional 80 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Graham by 169.0% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 113 shares of the company’s stock worth $107,000 after acquiring an additional 71 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Graham by 33.0% in the first quarter. PNC Financial Services Group Inc. now owns 141 shares of the company’s stock worth $135,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 93.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GHC shares. Wall Street Zen upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Graham in a research note on Monday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Graham Stock Down 1.9%

Shares of NYSE GHC opened at $1,087.68 on Friday. The company has a 50 day simple moving average of $1,063.77 and a 200 day simple moving average of $1,022.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.32 and a quick ratio of 1.14. Graham Holdings Company has a 1 year low of $840.50 and a 1 year high of $1,200.00. The firm has a market cap of $4.74 billion, a PE ratio of 6.50 and a beta of 0.78.

Graham (NYSE:GHC) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $14.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.36 by $1.72. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Graham had a net margin of 14.93% and a return on equity of 6.29%.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 16th. Graham’s dividend payout ratio (DPR) is currently 4.30%.

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.