Atticus Wealth Management LLC bought a new position in shares of Graham Holdings Company (NYSE:GHC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 246 shares of the company's stock, valued at approximately $233,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Graham by 50.4% in the 1st quarter. AQR Capital Management LLC now owns 58,729 shares of the company's stock valued at $55,851,000 after acquiring an additional 19,690 shares in the last quarter. Raymond James Financial Inc. grew its stake in Graham by 0.4% in the 1st quarter. Raymond James Financial Inc. now owns 30,838 shares of the company's stock valued at $29,631,000 after buying an additional 131 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Graham by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 27,167 shares of the company's stock valued at $26,104,000 after buying an additional 1,448 shares during the last quarter. Invesco Ltd. grew its stake in Graham by 9.3% in the 1st quarter. Invesco Ltd. now owns 21,677 shares of the company's stock valued at $20,829,000 after buying an additional 1,849 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Graham by 128,013.3% during the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock worth $18,465,000 after purchasing an additional 19,202 shares in the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.
Graham Stock Performance
Shares of NYSE:GHC traded up $15.26 on Monday, reaching $1,165.74. 31,444 shares of the company's stock were exchanged, compared to its average volume of 39,940. The company has a fifty day moving average of $1,036.36 and a 200-day moving average of $974.26. Graham Holdings Company has a twelve month low of $770.06 and a twelve month high of $1,200.00. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 7.48 and a beta of 0.89.
Graham (NYSE:GHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share 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 disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a dividend of $1.80 per share. The ex-dividend date is Thursday, October 16th. This represents a $7.20 annualized dividend and a dividend yield of 0.6%. Graham's dividend payout ratio is 4.62%.
Graham Company Profile
(
Free Report)
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.
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