Acadian Asset Management LLC grew its holdings in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 12.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,180 shares of the company's stock after purchasing an additional 467 shares during the quarter. Acadian Asset Management LLC owned about 0.10% of Graham worth $4,012,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Intech Investment Management LLC boosted its position in Graham by 106.1% during the first quarter. Intech Investment Management LLC now owns 3,978 shares of the company's stock worth $3,822,000 after purchasing an additional 2,048 shares during the period. Jane Street Group LLC boosted its position in shares of Graham by 39.8% in the first quarter. Jane Street Group LLC now owns 8,250 shares of the company's stock valued at $7,927,000 after acquiring an additional 2,350 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Graham by 3.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,765 shares of the company's stock valued at $6,500,000 after acquiring an additional 214 shares during the period. Aristeia Capital L.L.C. bought a new position in shares of Graham in the first quarter valued at approximately $272,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Graham by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 27,167 shares of the company's stock valued at $26,104,000 after acquiring an additional 1,448 shares during the period. Institutional investors own 93.16% of the company's stock.
Graham Price Performance
GHC stock opened at $1,172.58 on Monday. The firm has a 50 day moving average of $1,008.96 and a 200-day moving average of $965.94. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. Graham Holdings Company has a 12 month low of $764.65 and a 12 month high of $1,182.79. The firm has a market capitalization of $5.11 billion, a P/E ratio of 7.53 and a beta of 0.89.
Graham (NYSE:GHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 EPS for the quarter, beating analysts' consensus estimates of $10.15 by $4.18. Graham had a net margin of 14.10% and a return on equity of 6.79%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion.
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 dividend of $1.80 per share. The ex-dividend date is Thursday, October 16th. This represents a $7.20 annualized dividend and a yield of 0.6%. Graham's payout ratio is presently 4.62%.
Graham Profile
(
Free Report)
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.
See Also
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