Charles Schwab Investment Management Inc. Sells 2,829 Shares of Graham Holdings Company $GHC

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Graham Holdings Company by 5.1%, owning 52,410 shares after selling 2,829 shares in the first quarter.
• Analysts at Wall Street Zen downgraded Graham from a "strong-buy" rating to a "buy" rating as of April 23rd.
• The company's recent quarterly earnings showed an earnings per share (EPS) of $14.33, surpassing analysts' expectations by $4.18.

Charles Schwab Investment Management Inc. lessened its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,410 shares of the company's stock after selling 2,829 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.21% of Graham worth $50,359,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp boosted its holdings in shares of Graham by 1.8% during the 4th quarter. Stifel Financial Corp now owns 623 shares of the company's stock valued at $543,000 after acquiring an additional 11 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Graham by 3.2% in the 1st quarter. Miracle Mile Advisors LLC now owns 517 shares of the company's stock worth $497,000 after purchasing an additional 16 shares during the period. US Bancorp DE lifted its stake in shares of Graham by 4.6% in the 1st quarter. US Bancorp DE now owns 389 shares of the company's stock worth $374,000 after purchasing an additional 17 shares during the period. Spire Wealth Management lifted its stake in shares of Graham by 333.3% in the 1st quarter. Spire Wealth Management now owns 26 shares of the company's stock worth $25,000 after purchasing an additional 20 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in shares of Graham by 3.4% in the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company's stock worth $577,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 93.16% of the company's stock.

Graham Price Performance

GHC traded down $6.0050 during trading hours on Thursday, hitting $1,061.9650. The company's stock had a trading volume of 40,729 shares, compared to its average volume of 43,126. The business's 50-day moving average price is $957.35 and its 200-day moving average price is $947.43. Graham Holdings Company has a 12 month low of $724.69 and a 12 month high of $1,081.92. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 6.82 and a beta of 0.88. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07.

Graham (NYSE:GHC - Get Free Report) last announced its quarterly 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 net margin of 14.10% and a return on equity of 6.79%. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.18 billion.

Wall Street Analysts Forecast Growth

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

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.