AMI Investment Management Inc. Decreases Holdings in Graham Holdings (NYSE:GHC)

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

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Graham by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock worth $27,000 after buying an additional 11 shares during the period. KBC Group NV lifted its position in shares of Graham by 36.5% during the fourth quarter. KBC Group NV now owns 142 shares of the company's stock worth $124,000 after purchasing an additional 38 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Graham by 44.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock valued at $126,000 after purchasing an additional 44 shares during the period. Principal Securities Inc. grew its holdings in shares of Graham by 30.0% in the fourth quarter. Principal Securities Inc. now owns 182 shares of the company's stock worth $159,000 after purchasing an additional 42 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new position in Graham in the 4th quarter worth about $197,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Graham Stock Down 1.5%

Graham stock traded down $14.33 during mid-day trading on Monday, reaching $946.32. 71,404 shares of the company were exchanged, compared to its average volume of 18,444. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The firm has a market cap of $4.13 billion, a P/E ratio of 18.53 and a beta of 0.93. The business has a fifty day moving average of $934.76 and a 200 day moving average of $928.84. Graham Holdings has a 12-month low of $683.00 and a 12-month high of $1,015.00.

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

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's payout ratio is 5.05%.

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.