New York State Teachers Retirement System Sells 377 Shares of Graham Holdings Company (NYSE:GHC)

New York State Teachers Retirement System lessened its holdings in Graham Holdings Company (NYSE:GHC - Free Report) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,428 shares of the company's stock after selling 377 shares during the period. New York State Teachers Retirement System owned 0.10% of Graham worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. TBH Global Asset Management LLC increased its position in Graham by 2.9% during the 1st quarter. TBH Global Asset Management LLC now owns 2,387 shares of the company's stock worth $2,294,000 after buying an additional 68 shares during the period. Spire Wealth Management increased 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 worth $25,000 after purchasing an additional 20 shares during the period. Eagle Strategies LLC increased its position in shares of Graham by 46.3% in the first quarter. Eagle Strategies LLC now owns 1,786 shares of the company's stock worth $1,716,000 after purchasing an additional 565 shares during the period. QRG Capital Management Inc. boosted its stake in Graham by 15.9% in the first quarter. QRG Capital Management Inc. now owns 767 shares of the company's stock valued at $737,000 after buying an additional 105 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Graham by 530.5% in the first quarter. Janney Montgomery Scott LLC now owns 3,575 shares of the company's stock valued at $3,435,000 after buying an additional 3,008 shares in the last quarter. Institutional investors own 93.16% of the company's stock.

Wall Street Analysts Forecast Growth

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

Graham Trading Up 0.1%

Shares of Graham stock traded up $0.76 during midday trading on Thursday, reaching $926.69. The company had a trading volume of 42,041 shares, compared to its average volume of 22,138. The stock has a fifty day moving average price of $951.08 and a 200 day moving average price of $932.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.62 and a quick ratio of 1.41. The firm has a market cap of $4.04 billion, a PE ratio of 6.50 and a beta of 0.92. Graham Holdings Company has a fifty-two week low of $691.41 and a fifty-two week high of $1,015.00.

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

Graham Dividend Announcement

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

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.