Assenagon Asset Management S.A. Trims Stock Position in Graham Holdings Company $GHC

Key Points

• Assenagon trimmed its position by 65.6% in the fourth quarter, selling 1,324 shares and leaving it with 694 Graham Holdings shares valued at about $762,000.
• Graham missed fiscal-quarter expectations, reporting EPS of $11.45 versus $14.05 expected and revenue of $1.25 billion versus $1.30 billion expected.
• The company declared a quarterly dividend of $1.88 ($7.52 annualized, ~0.7% yield), with shareholders of record on April 16 and payment on May 7.

Assenagon Asset Management S.A. trimmed its holdings in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 65.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694 shares of the company's stock after selling 1,324 shares during the period. Assenagon Asset Management S.A.'s holdings in Graham were worth $762,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cresset Asset Management LLC grew its position in shares of Graham by 312.1% in the second quarter. Cresset Asset Management LLC now owns 2,580 shares of the company's stock valued at $2,442,000 after purchasing an additional 1,954 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in Graham in the 3rd quarter valued at about $1,449,000. Corient Private Wealth LLC increased its stake in shares of Graham by 109.2% during the 2nd quarter. Corient Private Wealth LLC now owns 1,908 shares of the company's stock valued at $1,805,000 after acquiring an additional 996 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Graham by 19.4% during the 3rd quarter. Principal Financial Group Inc. now owns 10,140 shares of the company's stock worth $11,938,000 after acquiring an additional 1,647 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Graham by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,617 shares of the company's stock valued at $28,982,000 after buying an additional 3,286 shares during the period. Hedge funds and other institutional investors own 93.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings restated a "buy (b+)" rating on shares of Graham in a report on Monday, December 29th. Wall Street Zen lowered Graham from a "buy" rating to a "hold" rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy".

Graham Stock Performance

Shares of NYSE:GHC opened at $1,063.14 on Thursday. The business's 50-day simple moving average is $1,090.91 and its 200 day simple moving average is $1,091.81. The company has a market cap of $4.64 billion, a P/E ratio of 16.01 and a beta of 0.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.53 and a current ratio of 1.75. Graham Holdings Company has a one year low of $875.60 and a one year high of $1,224.76.

Graham (NYSE:GHC - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $11.45 earnings per share for the quarter, missing analysts' consensus estimates of $14.05 by ($2.60). The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.30 billion. Graham had a return on equity of 5.03% and a net margin of 5.95%.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 7th. Shareholders of record on Thursday, April 16th will be given a $1.88 dividend. This represents a $7.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 16th. Graham's dividend payout ratio is presently 11.33%.

Graham Company Profile

Graham Corporation is a U.S.-based industrial equipment manufacturer specializing in the design and production of vacuum and heat transfer systems. The company's core offerings include vacuum pumps, exhausters, and energy recovery turbines, as well as steam surface condensers and specialized heat exchangers. These products are engineered to support critical processes in industries that require controlled environments and efficient thermal management.

In addition to its standard product lines, Graham Corporation provides aftermarket services such as equipment installation, field maintenance, performance testing, and spare parts supply.

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