Dimensional Fund Advisors LP Cuts Holdings in Graham Holdings Company $GHC

Key Points

• Dimensional Fund Advisors LP reduced its stake in Graham Holdings Company by 2.7%, now holding 270,610 shares valued at approximately $260 million.
• Several other investors, including Spire Wealth Management and Nisa Investment Advisors LLC, significantly increased their positions in Graham during the first quarter, reflecting a growing interest among institutional investors.
• Graham's shares are currently trading at $1,069.34, with a market capitalization of $4.66 billion and a P/E ratio of 6.86.

Dimensional Fund Advisors LP reduced its position in Graham Holdings Company (NYSE:GHC - Free Report) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 270,610 shares of the company's stock after selling 7,392 shares during the quarter. Dimensional Fund Advisors LP owned 6.21% of Graham worth $260,015,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Stifel Financial Corp increased its position in shares of Graham by 1.8% during the fourth quarter. Stifel Financial Corp now owns 623 shares of the company's stock worth $543,000 after acquiring an additional 11 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of Graham by 3.2% during the first quarter. Miracle Mile Advisors LLC now owns 517 shares of the company's stock worth $497,000 after buying an additional 16 shares during the period. US Bancorp DE lifted its stake in shares of Graham by 4.6% during the first quarter. US Bancorp DE now owns 389 shares of the company's stock worth $374,000 after buying an additional 17 shares during the period. Spire Wealth Management lifted its stake in shares of Graham by 333.3% during the first quarter. Spire Wealth Management now owns 26 shares of the company's stock worth $25,000 after buying an additional 20 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in shares of Graham by 3.4% during the first quarter. DAVENPORT & Co LLC now owns 600 shares of the company's stock worth $577,000 after buying an additional 20 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Performance

Shares of NYSE:GHC traded up $34.8050 on Friday, hitting $1,097.4350. 48,686 shares of the company were exchanged, compared to its average volume of 43,714. 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 stock's 50 day moving average price is $960.51 and its 200 day moving average price is $948.54. Graham Holdings Company has a 1-year low of $724.69 and a 1-year high of $1,103.22. The firm has a market capitalization of $4.78 billion, a P/E ratio of 7.05 and a beta of 0.88.

Graham (NYSE:GHC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) 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 firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion.

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.