Jacobs Levy Equity Management Inc. Buys New Stake in Graham Holdings Company $GHC

Key Points

• Jacobs Levy Equity Management Inc. has acquired a new position in Graham Holdings Company (NYSE:GHC) with 1,098 shares valued at approximately $1,055,000 in the first quarter.
• Several hedge funds increased their stakes in Graham, including AQR Capital Management, which boosted its position by 50.4% and now owns shares worth $55.85 million.
• Graham Holdings recently announced a quarterly dividend of $1.80 per share, set to be paid on November 6th, with a dividend yield of 0.6%.

Jacobs Levy Equity Management Inc. acquired a new position in shares of Graham Holdings Company (NYSE:GHC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,098 shares of the company's stock, valued at approximately $1,055,000.

Other hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC increased its stake in shares of Graham by 3.4% during the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company's stock worth $577,000 after purchasing an additional 20 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Graham by 15.9% during the 1st quarter. QRG Capital Management Inc. now owns 767 shares of the company's stock worth $737,000 after purchasing an additional 105 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of Graham during the 1st quarter worth approximately $375,000. Principal Financial Group Inc. grew its stake in Graham by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 8,619 shares of the company's stock worth $8,282,000 after acquiring an additional 158 shares during the period. Finally, Allianz SE purchased a new stake in Graham in the 1st quarter worth approximately $400,000. 93.16% of the stock is owned by hedge funds and other institutional investors.

Graham Trading Down 1.3%

GHC stock traded down $14.84 during midday trading on Monday, hitting $1,159.84. The stock had a trading volume of 52,325 shares, compared to its average volume of 31,484. The firm has a market cap of $5.06 billion, a PE ratio of 7.45 and a beta of 0.89. 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 12-month low of $770.06 and a 12-month high of $1,185.68. The company's 50-day moving average price is $1,008.96 and its 200 day moving average price is $965.94.

Graham (NYSE:GHC - Get Free Report) last released its 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 firm 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $7.20 annualized dividend and a dividend yield of 0.6%. Graham's payout ratio is currently 4.62%.

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.