Nuveen LLC Purchases New Position in Graham Holdings Company $GHC

Key Points

• Nuveen LLC acquired a new position by purchasing 8,691 shares of Graham Holdings Company for approximately $8,351,000, constituting about 0.20% of the company's total shares.
• The company reported earnings per share (EPS) of $14.33 for the latest quarter, significantly exceeding the consensus estimate of $10.15.
• Graham Holdings Company has a market capitalization of $4.78 billion and institutional investors own approximately 93.16% of its stock.

Nuveen LLC purchased a new stake in Graham Holdings Company (NYSE:GHC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,691 shares of the company's stock, valued at approximately $8,351,000. Nuveen LLC owned approximately 0.20% of Graham at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. DAVENPORT & Co LLC grew 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 buying an additional 20 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Graham by 15.9% during the first quarter. QRG Capital Management Inc. now owns 767 shares of the company's stock valued at $737,000 after buying an additional 105 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Graham by 1.9% during the first quarter. Principal Financial Group Inc. now owns 8,619 shares of the company's stock valued at $8,282,000 after buying an additional 158 shares during the last quarter. Allianz SE purchased a new position in Graham during the first quarter worth about $400,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Graham by 530.5% during the first quarter. Janney Montgomery Scott LLC now owns 3,575 shares of the company's stock worth $3,435,000 after purchasing an additional 3,008 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Up 0.2%

Graham stock traded up $2.27 during midday trading on Tuesday, hitting $1,091.84. 52,414 shares of the stock were exchanged, compared to its average volume of 45,000. Graham Holdings Company has a 52-week low of $724.69 and a 52-week high of $1,103.22. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 7.01 and a beta of 0.88. The business's 50-day moving average price is $965.99 and its 200-day moving average price is $950.68. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07.

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

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.