Algert Global LLC Boosts Stake in Graham Holdings Company $GHC

Key Points

• Algert Global LLC increased its holdings in Graham Holdings Company by 119.8% during Q1, now owning shares worth $7.40 million.
• Other institutional investors also raised their stakes, with Spire Wealth Management increasing its share by 333.3% during the same period.
• Graham reported an EPS of $14.33, exceeding estimates by $4.18, and had a market capitalization of $4.65 billion.

Algert Global LLC increased its holdings in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 119.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,705 shares of the company's stock after acquiring an additional 4,199 shares during the quarter. Algert Global LLC owned approximately 0.18% of Graham worth $7,403,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of Graham by 12.6% in the fourth quarter. Northern Trust Corp now owns 44,473 shares of the company's stock valued at $38,777,000 after buying an additional 4,988 shares during the period. Raymond James Financial Inc. raised its stake in shares of Graham by 0.4% in the first quarter. Raymond James Financial Inc. now owns 30,838 shares of the company's stock valued at $29,631,000 after buying an additional 131 shares during the period. Invesco Ltd. raised its stake in shares of Graham by 9.3% in the first quarter. Invesco Ltd. now owns 21,677 shares of the company's stock valued at $20,829,000 after buying an additional 1,849 shares during the period. GAMMA Investing LLC raised its stake in shares of Graham by 128,013.3% in the first quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock valued at $18,465,000 after buying an additional 19,202 shares during the period. Finally, Barclays PLC raised its stake in shares of Graham by 12.2% in the fourth quarter. Barclays PLC now owns 15,262 shares of the company's stock valued at $13,307,000 after buying an additional 1,661 shares during the period. 93.16% of the stock is currently owned by institutional investors.

Graham Stock Performance

Shares of GHC traded up $34.8050 during mid-day trading on Friday, hitting $1,097.4350. The stock had a trading volume of 48,580 shares, compared to its average volume of 31,286. The firm has a market cap of $4.78 billion, a P/E ratio of 7.05 and a beta of 0.88. The business has a fifty day moving average price of $957.35 and a 200-day moving average price of $947.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. Graham Holdings Company has a 52 week low of $724.69 and a 52 week high of $1,103.22.

Graham (NYSE:GHC - Get Free Report) last announced its quarterly 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 during 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 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.