Cresset Asset Management LLC Buys 1,954 Shares of Graham Holdings Company $GHC

Cresset Asset Management LLC increased its position in shares of Graham Holdings Company (NYSE:GHC) by 312.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,580 shares of the company’s stock after purchasing an additional 1,954 shares during the quarter. Cresset Asset Management LLC owned approximately 0.06% of Graham worth $2,442,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Graham by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 83,330 shares of the company’s stock worth $78,854,000 after acquiring an additional 1,348 shares in the last quarter. AQR Capital Management LLC raised its position in Graham by 50.4% in the 1st quarter. AQR Capital Management LLC now owns 58,729 shares of the company’s stock valued at $55,851,000 after purchasing an additional 19,690 shares during the last quarter. First Trust Advisors LP raised its position in Graham by 91.9% in the 2nd quarter. First Trust Advisors LP now owns 43,703 shares of the company’s stock valued at $41,350,000 after purchasing an additional 20,932 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Graham by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 43,265 shares of the company’s stock worth $40,936,000 after purchasing an additional 626 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Graham by 0.4% during the 1st quarter. Raymond James Financial Inc. now owns 30,838 shares of the company’s stock worth $29,631,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Graham Stock Performance

Shares of NYSE:GHC opened at $1,077.44 on Tuesday. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 6.44 and a beta of 0.78. The firm’s 50 day simple moving average is $1,059.62 and its 200 day simple moving average is $1,025.90. 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 fifty-two week low of $840.50 and a fifty-two week high of $1,200.00.

Graham (NYSE:GHC) last issued its earnings results on Wednesday, October 29th. The company reported $14.08 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 the consensus estimate of $1.19 billion. Graham had a net margin of 14.93% and a return on equity of 6.29%.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were paid 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 presently 4.30%.

Analyst Upgrades and Downgrades

GHC has been the subject of several research reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Graham in a research note on Monday, December 1st. Wall Street Zen upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

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.