Brandywine Global Investment Management LLC Sells 492 Shares of Graham Holdings Company $GHC

Key Points

• Brandywine Global Investment Management LLC reduced its holdings in Graham Holdings Company by 4.5%, owning 10,472 shares worth $10,062,000 as of its latest SEC filing.
• Other institutional investors, including Spire Wealth Management and Nisa Investment Advisors LLC, significantly increased their stakes in Graham Holdings, with Spire Wealth Management raising its holdings by 333.3% during the same quarter.
• Graham Holdings reported an earnings per share (EPS) of $14.33 for the last quarter, exceeding analysts' expectations by $4.18 and achieving a revenue of $1.22 billion.

Brandywine Global Investment Management LLC lessened its position in Graham Holdings Company (NYSE:GHC - Free Report) by 4.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 10,472 shares of the company's stock after selling 492 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.24% of Graham worth $10,062,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Graham by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,372 shares of the company's stock valued at $2,068,000 after purchasing an additional 384 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Graham by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,269 shares of the company's stock worth $1,979,000 after acquiring an additional 72 shares during the period. Russell Investments Group Ltd. raised its position in Graham by 865.3% in the fourth quarter. Russell Investments Group Ltd. now owns 473 shares of the company's stock worth $412,000 after acquiring an additional 424 shares during the period. Cerity Partners LLC grew its position in shares of Graham by 48.3% during the 4th quarter. Cerity Partners LLC now owns 936 shares of the company's stock valued at $805,000 after acquiring an additional 305 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Graham by 10.7% during the 4th quarter. Bank of Montreal Can now owns 674 shares of the company's stock worth $588,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.

Graham Stock Performance

Graham stock traded up $40.18 during trading on Friday, hitting $1,102.81. The stock had a trading volume of 26,935 shares, compared to its average volume of 31,200. The stock's 50 day moving average is $957.35 and its two-hundred day moving average is $947.43. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 7.08 and a beta of 0.88. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. Graham Holdings Company has a 1 year low of $724.69 and a 1 year high of $1,103.22.

Graham (NYSE:GHC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.22 billion during the quarter, compared to analyst estimates 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.