Alliancebernstein L.P. Buys 4,584 Shares of Graham Holdings (NYSE:GHC)

Alliancebernstein L.P. increased its position in shares of Graham Holdings (NYSE:GHC - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,830 shares of the company's stock after buying an additional 4,584 shares during the quarter. Alliancebernstein L.P. owned 0.27% of Graham worth $10,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in Graham by 358.3% during the third quarter. FMR LLC now owns 4,766 shares of the company's stock worth $3,916,000 after buying an additional 3,726 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Graham by 37.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 899 shares of the company's stock worth $739,000 after acquiring an additional 243 shares during the period. XTX Topco Ltd bought a new stake in Graham during the third quarter worth about $583,000. MML Investors Services LLC acquired a new position in shares of Graham in the 3rd quarter valued at approximately $203,000. Finally, Barclays PLC lifted its stake in Graham by 32.4% during the third quarter. Barclays PLC now owns 13,601 shares of the company's stock worth $11,176,000 after purchasing an additional 3,327 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Trading Up 0.4 %

Shares of GHC traded up $3.84 during mid-day trading on Wednesday, reaching $922.43. 9,053 shares of the company were exchanged, compared to its average volume of 16,966. The business has a 50 day simple moving average of $942.53 and a two-hundred day simple moving average of $903.56. Graham Holdings has a 52 week low of $683.00 and a 52 week high of $1,003.53. The stock has a market capitalization of $4.00 billion, a PE ratio of 18.01 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be issued a dividend of $1.80 per share. The ex-dividend date is Thursday, April 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.78%. Graham's payout ratio is currently 4.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Graham from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 29th.

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.