Graham Holdings Company (NYSE:GHC) Shares Acquired by Ontario Teachers Pension Plan Board

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in Graham Holdings Company by 207.4% during the 1st quarter, bringing its holdings to $1,471,000.
• Graham Holdings reported earnings of $14.33 per share, significantly surpassing analysts' expectations of $10.15 for the last quarter.
• The company’s stock was recently downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen.

Ontario Teachers Pension Plan Board grew its stake in Graham Holdings Company (NYSE:GHC - Free Report) by 207.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,531 shares of the company's stock after acquiring an additional 1,033 shares during the period. Ontario Teachers Pension Plan Board's holdings in Graham were worth $1,471,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northern Trust Corp raised its stake in shares of Graham by 12.6% in the 4th quarter. Northern Trust Corp now owns 44,473 shares of the company's stock valued at $38,777,000 after acquiring an additional 4,988 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Graham in the 4th quarter valued at $26,773,000. JPMorgan Chase & Co. raised its holdings in shares of Graham by 16.5% in the 4th quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company's stock valued at $21,469,000 after buying an additional 3,495 shares during the period. GAMMA Investing LLC raised its holdings in shares of Graham by 128,013.3% in the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock valued at $18,465,000 after buying an additional 19,202 shares during the period. Finally, Barclays PLC raised its holdings in shares of Graham by 12.2% in the 4th quarter. Barclays PLC now owns 15,262 shares of the company's stock valued at $13,307,000 after buying an additional 1,661 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Graham Stock Up 3.3%

Shares of NYSE GHC traded up $33.26 during mid-day trading on Tuesday, hitting $1,027.74. The company had a trading volume of 22,815 shares, compared to its average volume of 30,705. The company has a market capitalization of $4.48 billion, a PE ratio of 6.59 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. Graham Holdings Company has a 1-year low of $716.47 and a 1-year high of $1,020.00. The business's 50-day simple moving average is $940.16 and its 200 day simple moving average is $939.83.

Graham (NYSE:GHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 EPS for the quarter, topping the consensus estimate of $10.15 by $4.18. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. Graham had a net margin of 14.10% and a return on equity of 6.79%.

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.