Lee Danner & Bass Inc. Decreases Position in Graham Holdings Company (NYSE:GHC)

Lee Danner & Bass Inc. cut its holdings in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 11.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,500 shares of the company's stock after selling 600 shares during the quarter. Lee Danner & Bass Inc. owned about 0.10% of Graham worth $4,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Northern Trust Corp boosted its holdings in Graham by 12.6% during the 4th quarter. Northern Trust Corp now owns 44,473 shares of the company's stock valued at $38,777,000 after acquiring an additional 4,988 shares during the period. Raymond James Financial Inc. purchased a new position in Graham during the 4th quarter valued at about $26,773,000. JPMorgan Chase & Co. boosted its holdings in Graham by 16.5% during the 4th quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company's stock valued at $21,469,000 after acquiring an additional 3,495 shares during the period. GAMMA Investing LLC boosted its holdings in Graham by 128,013.3% during the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock valued at $18,465,000 after acquiring an additional 19,202 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Graham by 84.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company's stock valued at $16,424,000 after acquiring an additional 8,615 shares during the period. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Down 0.2%

Shares of NYSE GHC traded down $1.76 during midday trading on Wednesday, hitting $927.98. 45,294 shares of the company's stock were exchanged, compared to its average volume of 29,215. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.62 and a quick ratio of 1.41. Graham Holdings Company has a twelve month low of $691.41 and a twelve month high of $1,015.00. The company has a market cap of $4.05 billion, a PE ratio of 6.51 and a beta of 0.92. The firm's fifty day simple moving average is $950.89 and its 200-day simple moving average is $932.32.

Graham (NYSE:GHC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, topping the consensus estimate of $11.29 by $0.35. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion. Graham had a return on equity of 6.80% and a net margin of 12.99%.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's payout ratio is currently 5.05%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Graham from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 23rd.

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.