Engineers Gate Manager LP Has $1.98 Million Stock Position in Graham Holdings Company $GHC

Key Points

• Engineers Gate Manager LP increased its Graham Holdings stake by 135% during the second quarter, bringing its position to 1,734 shares valued at approximately $1.98 million. Institutional investors and hedge funds collectively own 93.16% of the company.
• Graham reported quarterly EPS of $19.46, exceeding analyst expectations of $14.83, while revenue reached $1.30 billion. The company also announced a quarterly dividend of $1.88 per share, representing a 0.6% annualized yield.
• Graham shares opened at $1,161.61, down 0.5%, with a market capitalization of $4.92 billion. Analysts maintain a generally positive outlook, with the stock carrying an average “Buy” rating.

Engineers Gate Manager LP increased its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 135.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,734 shares of the company's stock after acquiring an additional 996 shares during the quarter. Engineers Gate Manager LP's holdings in Graham were worth $1,979,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in Graham by 551.4% in the 1st quarter. Renaissance Technologies LLC now owns 9,400 shares of the company's stock worth $9,938,000 after purchasing an additional 7,957 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Graham by 8.9% in the first quarter. First Trust Advisors LP now owns 92,505 shares of the company's stock valued at $97,802,000 after buying an additional 7,582 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Graham by 43.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,804 shares of the company's stock valued at $16,765,000 after acquiring an additional 4,769 shares during the period. Lee Danner & Bass Inc. raised its holdings in Graham by 103.3% in the 1st quarter. Lee Danner & Bass Inc. now owns 9,150 shares of the company's stock valued at $9,674,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Graham by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 87,169 shares of the company's stock worth $95,778,000 after acquiring an additional 3,105 shares during the period. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Down 0.5%

NYSE GHC opened at $1,161.61 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.59 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average is $1,167.36 and its two-hundred day moving average is $1,129.88. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 9.36 and a beta of 0.71. Graham Holdings Company has a 1-year low of $929.76 and a 1-year high of $1,262.34.

Graham (NYSE:GHC - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $19.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.83 by $4.63. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.28 billion. Graham had a return on equity of 5.73% and a net margin of 10.69%.

Graham Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be paid a dividend of $1.88 per share. This represents a $7.52 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, October 15th. Graham's dividend payout ratio is currently 6.06%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GHC shares. Oppenheimer restated an "outperform" rating on shares of Graham in a research report on Thursday, June 25th. Wall Street Zen raised Graham from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings lowered shares of Graham from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday, September 10th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy".

Graham Company Profile

Graham Holdings Company is a diversified American holding company formerly known as The Washington Post Company. The company changed its name in 2013 after selling The Washington Post newspaper to Jeff Bezos. Today, Graham Holdings operates businesses in education, television broadcasting, health care and other industries.

Its largest operating business is Kaplan, which provides educational services, professional training, test preparation, higher education programs and related learning products.

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