Northern Trust Corp Sells 1,241 Shares of Graham Holdings Company $GHC

Key Points

• Northern Trust Corp reduced its stake in Graham Holdings Company by 2.8% in the first quarter, owning 43,232 shares valued at approximately $41.54 million.
• Graham Holdings reported $14.33 earnings per share for the last quarter, significantly exceeding analysts' expectations of $10.15.
• The company maintains a market capitalization of $4.76 billion and has a 1-year stock price range between $724.69 and $1,103.22.

Northern Trust Corp cut its position in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,232 shares of the company's stock after selling 1,241 shares during the quarter. Northern Trust Corp owned approximately 0.99% of Graham worth $41,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management raised its position in Graham by 333.3% in the first quarter. Spire Wealth Management now owns 26 shares of the company's stock worth $25,000 after acquiring an additional 20 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Graham by 216.7% in the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company's stock valued at $37,000 after purchasing an additional 26 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Graham in the first quarter valued at approximately $40,000. CWM LLC raised its position in shares of Graham by 100.0% in the first quarter. CWM LLC now owns 42 shares of the company's stock valued at $40,000 after purchasing an additional 21 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Graham in the first quarter valued at approximately $43,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Graham Price Performance

Graham stock traded down $1.96 during midday trading on Tuesday, reaching $1,084.10. 14,436 shares of the stock were exchanged, compared to its average volume of 31,466. The company's fifty day moving average is $976.53 and its 200-day moving average is $954.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.27. The firm has a market cap of $4.73 billion, a PE ratio of 6.96 and a beta of 0.89. Graham Holdings Company has a 52 week low of $724.69 and a 52 week high of $1,103.22.

Graham (NYSE:GHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.18 billion.

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.