ProShare Advisors LLC Boosts Holdings in Graham Holdings (NYSE:GHC)

ProShare Advisors LLC grew its stake in Graham Holdings (NYSE:GHC - Free Report) by 38.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058 shares of the company's stock after acquiring an additional 294 shares during the period. ProShare Advisors LLC's holdings in Graham were worth $922,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Graham during the fourth quarter valued at $635,000. Wells Fargo & Company MN boosted its stake in shares of Graham by 19.3% during the fourth 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 in the last quarter. SG Americas Securities LLC boosted its stake in shares of Graham by 188.2% during the fourth quarter. SG Americas Securities LLC now owns 588 shares of the company's stock valued at $513,000 after purchasing an additional 384 shares in the last quarter. Barclays PLC boosted its stake in shares of Graham by 32.4% during the third quarter. Barclays PLC now owns 13,601 shares of the company's stock valued at $11,176,000 after purchasing an additional 3,327 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Graham during the fourth quarter valued at approximately $514,000. 93.16% of the stock is currently owned by institutional investors.

Graham Stock Down 0.1%

Shares of NYSE GHC traded down $0.48 during midday trading on Wednesday, reaching $933.65. 8,885 shares of the company's stock traded hands, compared to its average volume of 21,280. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. The stock's 50 day simple moving average is $937.60 and its 200-day simple moving average is $927.57. Graham Holdings has a one year low of $683.00 and a one year high of $1,015.00. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 18.28 and a beta of 0.91.

Graham (NYSE:GHC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $11.29 by $0.35. Graham had a net margin of 4.86% and a return on equity of 5.79%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion.

Graham Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be given a dividend of $1.80 per share. The ex-dividend date is Thursday, July 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.77%. Graham's payout ratio is 5.05%.

Wall Street Analysts Forecast Growth

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

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.