Millennium Management LLC Has $5.14 Million Stock Position in Graham Holdings (NYSE:GHC)

Millennium Management LLC raised its holdings in Graham Holdings (NYSE:GHC - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,891 shares of the company's stock after acquiring an additional 847 shares during the period. Millennium Management LLC owned about 0.14% of Graham worth $5,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GHC. Smartleaf Asset Management LLC grew its position in Graham by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock valued at $27,000 after acquiring an additional 11 shares during the last quarter. KBC Group NV grew its position in Graham by 36.5% in the fourth quarter. KBC Group NV now owns 142 shares of the company's stock valued at $124,000 after acquiring an additional 38 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Graham by 44.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock valued at $126,000 after acquiring an additional 44 shares during the last quarter. Principal Securities Inc. grew its position in Graham by 30.0% in the fourth quarter. Principal Securities Inc. now owns 182 shares of the company's stock valued at $159,000 after acquiring an additional 42 shares during the last quarter. Finally, GeoWealth Management LLC bought a new position in Graham in the fourth quarter valued at about $197,000. Institutional investors own 93.16% of the company's stock.

Analysts Set New Price Targets

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

Graham Trading Down 0.4%

Shares of GHC stock traded down $3.95 during mid-day trading on Monday, reaching $950.47. 25,305 shares of the stock traded hands, compared to its average volume of 17,981. The stock's fifty day simple moving average is $936.31 and its two-hundred day simple moving average is $927.50. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,015.00. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 18.61 and a beta of 0.91. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18.

Graham (NYSE:GHC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, beating analysts' consensus estimates of $11.29 by $0.35. Graham had a return on equity of 5.79% and a net margin of 4.86%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's payout ratio is 5.05%.

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.