Intech Investment Management LLC Raises Stock Position in Graham Holdings Company $GHC

Key Points

• Intech Investment Management LLC increased its position in Graham Holdings Company by 106.1% during the first quarter, owning approximately 0.09% of the company's stock valued at $3.82 million.
• Graham Holdings recently reported earnings of $14.33 per share, exceeding analyst expectations of $10.15, with a net revenue of $1.22 billion for the quarter.
• The company declared a quarterly dividend of $1.80, scheduled for payment on November 6th, representing an annualized dividend yield of 0.6%.

Intech Investment Management LLC grew its position in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 106.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,978 shares of the company's stock after buying an additional 2,048 shares during the quarter. Intech Investment Management LLC owned 0.09% of Graham worth $3,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of GHC. Citadel Advisors LLC lifted its holdings in shares of Graham by 151.7% during the 4th quarter. Citadel Advisors LLC now owns 1,100 shares of the company's stock valued at $959,000 after buying an additional 663 shares during the period. Deutsche Bank AG lifted its holdings in shares of Graham by 138.9% during the 4th quarter. Deutsche Bank AG now owns 4,638 shares of the company's stock valued at $4,044,000 after buying an additional 2,697 shares during the period. Lazard Asset Management LLC increased its stake in shares of Graham by 107.1% in the 4th quarter. Lazard Asset Management LLC now owns 2,452 shares of the company's stock worth $2,137,000 after purchasing an additional 1,268 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Graham by 1.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,238 shares of the company's stock worth $1,951,000 after purchasing an additional 23 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Graham by 16.8% in the 4th quarter. Millennium Management LLC now owns 5,891 shares of the company's stock worth $5,136,000 after purchasing an additional 847 shares in the last quarter. 93.16% of the stock is owned by institutional investors.

Graham Stock Performance

Shares of NYSE:GHC traded up $18.61 during midday trading on Thursday, hitting $1,161.92. The company had a trading volume of 58,908 shares, compared to its average volume of 35,246. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 7.46 and a beta of 0.89. Graham Holdings Company has a 12-month low of $770.06 and a 12-month high of $1,200.00. The company has a fifty day moving average of $1,027.07 and a two-hundred day moving average of $970.99.

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

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.6%. Graham's dividend payout ratio (DPR) is presently 4.62%.

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.