Jones Financial Companies Lllp Takes Position in Graham Holdings Company $GHC

Key Points

• Jones Financial Companies Lllp has purchased 3,000 shares of Graham Holdings Company, with an investment valued at approximately $2.88 million.
• Several other hedge funds have also increased their stakes in Graham, with AQR Capital Management lifting its position by 50.4% during the same period.
• Graham Holdings reported impressive quarterly earnings, with $14.33 earnings per share, significantly exceeding the consensus estimate of $10.15.

Jones Financial Companies Lllp acquired a new position in shares of Graham Holdings Company (NYSE:GHC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the company's stock, valued at approximately $2,883,000. Jones Financial Companies Lllp owned 0.07% of Graham at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its position in shares of Graham by 333.3% in the first quarter. Spire Wealth Management now owns 26 shares of the company's stock valued at $25,000 after acquiring an additional 20 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Graham by 216.7% in the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company's stock valued at $37,000 after acquiring an additional 26 shares during the period. CWM LLC boosted its position in shares of Graham by 100.0% in the first quarter. CWM LLC now owns 42 shares of the company's stock valued at $40,000 after acquiring an additional 21 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Graham in the first quarter valued at about $40,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Graham in the first quarter valued at about $43,000. 93.16% of the stock is owned by institutional investors.

Graham Price Performance

GHC traded down $20.65 on Tuesday, hitting $1,139.27. 54,841 shares of the stock were exchanged, compared to its average volume of 32,589. Graham Holdings Company has a 12 month low of $770.06 and a 12 month high of $1,200.00. The business has a 50-day moving average of $1,018.04 and a two-hundred day moving average of $968.40. 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 firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.31 and a beta of 0.89.

Graham (NYSE:GHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, topping 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 analysts' expectations of $1.18 billion.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given 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 yield of 0.6%. Graham's dividend payout ratio is currently 4.62%.

About Graham

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.