283 Shares in Graham Holdings Company $GHC Acquired by Aristeia Capital L.L.C.

Key Points

• Aristeia Capital L.L.C. acquired a new position in Graham Holdings Company (GHC), purchasing 283 shares valued at approximately $272,000 during the first quarter.
• A significant number of hedge funds have increased their holdings in GHC, with Spire Wealth Management and Nisa Investment Advisors LLC raising their stakes by 333.3% and 216.7%, respectively.
• Graham Holdings reported strong quarterly earnings, with an EPS of $14.33 exceeding estimates of $10.15 and revenue reaching $1.22 billion.

Aristeia Capital L.L.C. bought a new stake in Graham Holdings Company (NYSE:GHC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 283 shares of the company's stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GHC. Stifel Financial Corp increased its position in Graham by 1.8% in the 4th quarter. Stifel Financial Corp now owns 623 shares of the company's stock valued at $543,000 after buying an additional 11 shares in the last quarter. Susquehanna International Group LLP increased its position in Graham by 53.1% in the 4th quarter. Susquehanna International Group LLP now owns 1,851 shares of the company's stock valued at $1,614,000 after buying an additional 642 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Graham by 21.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 487 shares of the company's stock valued at $425,000 after purchasing an additional 85 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Graham during the 4th quarter valued at about $864,000. Finally, Citadel Advisors LLC boosted its stake in Graham by 151.7% during the 4th quarter. Citadel Advisors LLC now owns 1,100 shares of the company's stock valued at $959,000 after purchasing an additional 663 shares during the last quarter. 93.16% of the stock is owned by institutional investors.

Graham Stock Down 0.4%

GHC stock traded down $4.32 during mid-day trading on Friday, reaching $1,172.58. 47,011 shares of the company traded hands, compared to its average volume of 31,739. The stock 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 quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. Graham Holdings Company has a fifty-two week low of $764.65 and a fifty-two week high of $1,182.79. The firm's 50 day moving average price is $1,008.96 and its 200 day moving average price is $965.94.

Graham (NYSE:GHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.15 by $4.18. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Graham had a return on equity of 6.79% and a net margin of 14.10%.

Graham Announces Dividend

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

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.