Cetera Investment Advisers Reduces Stake in Graham Holdings (NYSE:GHC)

Cetera Investment Advisers reduced its position in Graham Holdings (NYSE:GHC - Free Report) by 96.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 364 shares of the company's stock after selling 9,797 shares during the quarter. Cetera Investment Advisers' holdings in Graham were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Graham by 32.4% in the 3rd quarter. Barclays PLC now owns 13,601 shares of the company's stock worth $11,176,000 after acquiring an additional 3,327 shares during the last quarter. SG Americas Securities LLC boosted its position in Graham by 188.2% during the fourth quarter. SG Americas Securities LLC now owns 588 shares of the company's stock valued at $513,000 after buying an additional 384 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Graham by 23.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 567 shares of the company's stock valued at $495,000 after acquiring an additional 106 shares during the period. KBC Group NV boosted its holdings in Graham by 36.5% during the 4th quarter. KBC Group NV now owns 142 shares of the company's stock valued at $124,000 after acquiring an additional 38 shares during the period. Finally, Longboard Asset Management LP purchased a new position in shares of Graham in the fourth quarter worth $228,000. Hedge funds and other institutional investors own 93.16% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Graham from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 23rd.

Graham Price Performance

Shares of NYSE GHC traded up $10.50 during mid-day trading on Tuesday, reaching $963.15. The company's stock had a trading volume of 12,722 shares, compared to its average volume of 17,962. The stock has a fifty day moving average of $936.31 and a two-hundred day moving average of $927.50. Graham Holdings has a 52 week low of $683.00 and a 52 week high of $1,015.00. The firm has a market capitalization of $4.20 billion, a PE ratio of 18.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34.

Graham (NYSE:GHC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share for the quarter, beating the consensus estimate of $11.29 by $0.35. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. Graham had a net margin of 4.86% and a return on equity of 5.79%.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's dividend payout ratio is presently 5.05%.

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.