Assenagon Asset Management S.A. Buys New Holdings in Graham Holdings Company $GHC

Key Points

• Assenagon Asset Management S.A. purchased a new stake in Graham Holdings Company during Q2, acquiring 1,820 shares valued at approximately $1.72 million.
• Other institutional investors, such as Wealth Enhancement Advisory Services LLC and Voya Investment Management LLC, have also increased their holdings in Graham, with institutional investors owning 93.16% of the company.
• Graham Holdings recently reported strong earnings, with a quarterly EPS of $14.33, surpassing estimates, and announced a quarterly dividend of $1.80 per share to be paid on November 6th.

Assenagon Asset Management S.A. bought a new stake in Graham Holdings Company (NYSE:GHC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,820 shares of the company's stock, valued at approximately $1,722,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Graham by 30.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 383 shares of the company's stock valued at $364,000 after acquiring an additional 89 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in Graham in the second quarter valued at $233,000. Voya Investment Management LLC boosted its holdings in Graham by 29.3% in the first quarter. Voya Investment Management LLC now owns 5,261 shares of the company's stock valued at $5,055,000 after acquiring an additional 1,192 shares during the last quarter. Strs Ohio acquired a new position in Graham in the first quarter valued at $1,057,000. Finally, Acadian Asset Management LLC boosted its holdings in Graham by 12.6% in the first quarter. Acadian Asset Management LLC now owns 4,180 shares of the company's stock valued at $4,012,000 after acquiring an additional 467 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.

Graham Price Performance

Shares of NYSE GHC opened at $1,187.62 on Friday. Graham Holdings Company has a 1-year low of $770.06 and a 1-year high of $1,200.00. The business has a 50-day moving average of $1,058.04 and a 200-day moving average of $980.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 7.62 and a beta of 0.89.

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

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a $1.80 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $7.20 annualized dividend and a dividend yield of 0.6%. Graham's dividend payout ratio is presently 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.

Want to see what other hedge funds are holding GHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graham Holdings Company (NYSE:GHC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.