New York State Teachers Retirement System Cuts Holdings in Graham Holdings Company (NYSE:GHC)

New York State Teachers Retirement System trimmed its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,428 shares of the company's stock after selling 377 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Graham worth $4,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GHC. TBH Global Asset Management LLC boosted its position in shares of 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 acquiring an additional 68 shares in the last quarter. Spire Wealth Management boosted its position in shares of Graham by 333.3% during the 1st quarter. Spire Wealth Management now owns 26 shares of the company's stock worth $25,000 after acquiring an additional 20 shares in the last quarter. Eagle Strategies LLC boosted its position in shares of Graham by 46.3% during the 1st quarter. Eagle Strategies LLC now owns 1,786 shares of the company's stock worth $1,716,000 after acquiring an additional 565 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Graham by 15.9% during the 1st quarter. QRG Capital Management Inc. now owns 767 shares of the company's stock worth $737,000 after acquiring an additional 105 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Graham by 530.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,575 shares of the company's stock worth $3,435,000 after acquiring an additional 3,008 shares in the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of Graham stock traded down $39.11 on Monday, hitting $913.51. The stock had a trading volume of 56,912 shares, compared to its average volume of 21,821. Graham Holdings Company has a 52-week low of $683.00 and a 52-week high of $1,015.00. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 6.40 and a beta of 0.92. The company's 50 day moving average price is $951.01 and its 200 day moving average price is $932.08.

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

Graham Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's payout ratio is currently 5.05%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Graham from a "strong-buy" rating to a "buy" rating in a research 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.