Graham Holdings Company $GHC Shares Bought by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Graham Holdings Company by 50.4% during the first quarter, owning a total of 58,729 shares valued at approximately $55.85 million.
• Graham Holdings Company reported an earnings per share (EPS) of $14.33 for the quarter, surpassing analysts' expectations of $10.15, with revenue of $1.22 billion.
• The company's stock has a current market capitalization of $4.91 billion, and it has shown a 12-month high of $1,137.22 and a low of $724.69.

AQR Capital Management LLC raised its stake in Graham Holdings Company (NYSE:GHC - Free Report) by 50.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,729 shares of the company's stock after purchasing an additional 19,690 shares during the period. AQR Capital Management LLC owned 1.35% of Graham worth $55,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. DAVENPORT & Co LLC increased its stake in shares of Graham by 3.4% in the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company's stock valued at $577,000 after purchasing an additional 20 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Graham by 15.9% during the first quarter. QRG Capital Management Inc. now owns 767 shares of the company's stock worth $737,000 after purchasing an additional 105 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of Graham during the first quarter valued at approximately $375,000. Principal Financial Group Inc. lifted its position in shares of Graham by 1.9% in the first quarter. Principal Financial Group Inc. now owns 8,619 shares of the company's stock valued at $8,282,000 after acquiring an additional 158 shares in the last quarter. Finally, Allianz SE acquired a new position in Graham in the 1st quarter valued at $400,000. 93.16% of the stock is owned by institutional investors and hedge funds.

Graham Trading Down 0.4%

Shares of NYSE:GHC traded down $4.32 during mid-day trading on Friday, reaching $1,172.58. 47,011 shares of the company were exchanged, compared to its average volume of 31,532. The firm's 50-day simple moving average is $1,008.96 and its 200 day simple moving average is $966.07. Graham Holdings Company has a 1 year low of $764.65 and a 1 year high of $1,182.79. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 7.53 and a beta of 0.89. 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 (NYSE:GHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.15 by $4.18. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Graham had a net margin of 14.10% and a return on equity of 6.79%.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 16th. Graham's dividend payout ratio is currently 4.62%.

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.