Jones Financial Companies Lllp Purchases Shares of 3,000 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 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC lifted its stake in Graham by 50.4% in the 1st quarter. AQR Capital Management LLC now owns 58,729 shares of the company's stock valued at $55,851,000 after acquiring an additional 19,690 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Graham by 0.4% during the 1st quarter. Raymond James Financial Inc. now owns 30,838 shares of the company's stock worth $29,631,000 after acquiring an additional 131 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Graham by 9.3% in the first quarter. Invesco Ltd. now owns 21,677 shares of the company's stock valued at $20,829,000 after purchasing an additional 1,849 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Graham by 128,013.3% in the first quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock worth $18,465,000 after purchasing an additional 19,202 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Graham during the first quarter worth $8,351,000. 93.16% of the stock is currently owned by institutional investors.

Graham Stock Up 0.3%

Shares of GHC stock opened at $1,138.71 on Thursday. The firm's fifty day moving average price is $1,000.05 and its two-hundred day moving average price is $962.63. The company has a current ratio of 1.27, a quick ratio of 1.10 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 $1,140.70. The firm has a market capitalization of $4.96 billion, a P/E ratio of 7.31 and a beta of 0.89.

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

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.

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