AMI Investment Management Inc. Sells 1,118 Shares of Graham Holdings (NYSE:GHC)

AMI Investment Management Inc. trimmed its position in Graham Holdings (NYSE:GHC - Free Report) by 26.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,071 shares of the company's stock after selling 1,118 shares during the period. AMI Investment Management Inc. owned approximately 0.07% of Graham worth $2,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in Graham during the fourth quarter worth $635,000. Wells Fargo & Company MN lifted its position in Graham by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,372 shares of the company's stock worth $2,068,000 after buying an additional 384 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Graham by 151.7% during the 4th quarter. Citadel Advisors LLC now owns 1,100 shares of the company's stock worth $959,000 after buying an additional 663 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Graham by 16.8% in the 4th quarter. Millennium Management LLC now owns 5,891 shares of the company's stock valued at $5,136,000 after acquiring an additional 847 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in shares of Graham in the fourth quarter valued at about $849,000. 93.16% of the stock is owned by institutional investors and hedge funds.

Graham Trading Down 0.0%

NYSE GHC opened at $956.38 on Friday. Graham Holdings has a 12 month low of $683.00 and a 12 month high of $1,015.00. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $936.09 and a 200-day moving average of $928.18. The company has a market cap of $4.17 billion, a PE ratio of 18.73 and a beta of 0.91.

Graham (NYSE:GHC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, beating analysts' consensus estimates of $11.29 by $0.35. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.20 billion. Graham had a net margin of 4.86% and a return on equity of 5.79%.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, July 17th. Graham's payout ratio is currently 5.05%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Graham from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 23rd.

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.

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