Strs Ohio Invests $1.06 Million in Graham Holdings Company $GHC

Key Points

• Strs Ohio acquired 1,100 shares of Graham Holdings Company, valued at approximately $1,057,000, indicating growing interest from institutional investors.
• Graham Holdings reported earnings of $14.33 per share for the last quarter, significantly surpassing analysts' estimates of $10.15, alongside a revenue of $1.22 billion.
• The company declared a quarterly dividend of $1.80, representing an annualized yield of 0.6%, with the ex-dividend date set for October 16th.

Strs Ohio bought a new stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,100 shares of the company's stock, valued at approximately $1,057,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GHC. DAVENPORT & Co LLC lifted its holdings in shares of Graham by 3.4% during the first 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 last quarter. QRG Capital Management Inc. boosted its holdings in shares of Graham by 15.9% in the first quarter. QRG Capital Management Inc. now owns 767 shares of the company's stock worth $737,000 after buying an additional 105 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Graham in the first quarter worth approximately $375,000. Principal Financial Group Inc. raised its stake in Graham by 1.9% during 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. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Graham by 244.2% in the first quarter. Russell Investments Group Ltd. now owns 1,628 shares of the company's stock valued at $1,564,000 after purchasing an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.

Graham Stock Up 1.3%

Shares of GHC stock traded up $15.26 on Monday, reaching $1,165.74. 31,444 shares of the company's stock traded hands, compared to its average volume of 39,940. The company has a market capitalization of $5.08 billion, a P/E ratio of 7.48 and a beta of 0.89. Graham Holdings Company has a 12-month low of $770.06 and a 12-month high of $1,200.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.27. The business's 50 day moving average price is $1,036.36 and its two-hundred day moving average price is $974.26.

Graham (NYSE:GHC - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, beating the consensus estimate of $10.15 by $4.18. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.18 billion. Graham had a return on equity of 6.79% and a net margin of 14.10%.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be given a $1.80 dividend. The ex-dividend date is Thursday, October 16th. This represents a $7.20 dividend on an annualized basis and a yield of 0.6%. Graham's dividend payout ratio is presently 4.62%.

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.