Atria Wealth Solutions Inc. Purchases New Shares in Graham Holdings Company $GHC

Key Points

• Atria Wealth Solutions Inc. has invested approximately $271,000 in Graham Holdings Company by purchasing 282 shares in the first quarter.
• Graham Holdings reported earnings of $14.33 per share for the last quarter, surpassing analysts' estimates by $4.18, with a revenue of $1.22 billion.
• Other institutional investors have also increased their stakes in Graham, with hedge funds collectively owning 93.16% of the company's stock.

Atria Wealth Solutions Inc. acquired a new position in Graham Holdings Company (NYSE:GHC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 282 shares of the company's stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC acquired a new stake in Graham during the first quarter valued at $128,000. Allianz SE acquired a new stake in shares of Graham in the first quarter valued at about $400,000. PNC Financial Services Group Inc. lifted its stake in shares of Graham by 33.0% in the first quarter. PNC Financial Services Group Inc. now owns 141 shares of the company's stock worth $135,000 after buying an additional 35 shares in the last quarter. US Bancorp DE lifted its stake in shares of Graham by 4.6% in the first quarter. US Bancorp DE now owns 389 shares of the company's stock worth $374,000 after buying an additional 17 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Graham by 7.8% in the first quarter. Federated Hermes Inc. now owns 319 shares of the company's stock worth $307,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.

Analyst Upgrades and Downgrades

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

Graham Stock Down 0.9%

Graham stock traded down $9.3480 during trading on Wednesday, reaching $1,069.3420. The stock had a trading volume of 43,590 shares, compared to its average volume of 43,100. Graham Holdings Company has a 52-week low of $724.69 and a 52-week high of $1,081.92. The business has a 50 day moving average price of $955.17 and a 200 day moving average price of $946.41. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.66 billion, a PE ratio of 6.86 and a beta of 0.88.

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. Graham had a net margin of 14.10% and a return on equity of 6.79%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion.

Graham Company 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.