Y Intercept Hong Kong Ltd Sells 452 Shares of Graham Holdings Company (NYSE:GHC)

Key Points

• Y Intercept Hong Kong Ltd reduced its holdings in Graham Holdings Company by 62.1%, selling 452 shares and ending the period with 276 shares worth $265,000.
• Graham Holdings recently reported earnings of $11.64 per share for the quarter, surpassing expectations, but had revenues of $1.17 billion, which fell short of estimates.
• The company declared a quarterly dividend of $1.80, with an ex-dividend date set for July 17th, representing an annualized yield of 0.76%.

Y Intercept Hong Kong Ltd lessened its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 62.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276 shares of the company's stock after selling 452 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Graham were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in Graham by 1.8% during the 4th quarter. Stifel Financial Corp now owns 623 shares of the company's stock worth $543,000 after purchasing an additional 11 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in Graham by 3.2% during the 1st quarter. Miracle Mile Advisors LLC now owns 517 shares of the company's stock worth $497,000 after purchasing an additional 16 shares during the last quarter. Spire Wealth Management raised 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 valued at $25,000 after acquiring an additional 20 shares in the last quarter. DAVENPORT & Co LLC increased its stake in Graham by 3.4% during the first quarter. DAVENPORT & Co LLC now owns 600 shares of the company's stock valued at $577,000 after purchasing an additional 20 shares during the last quarter. Finally, CWM LLC increased its stake in Graham by 100.0% during the first quarter. CWM LLC now owns 42 shares of the company's stock valued at $40,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 93.16% of the company's stock.

Graham Stock Performance

NYSE:GHC traded down $33.17 during midday trading on Friday, reaching $921.01. 41,967 shares of the company traded hands, compared to its average volume of 38,339. Graham Holdings Company has a twelve month low of $691.41 and a twelve month high of $1,015.00. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 5.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.41. The company has a fifty day moving average price of $937.21 and a 200 day moving average price of $937.17.

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

Graham Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be paid a $1.80 dividend. The ex-dividend date is Thursday, July 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Graham's payout ratio is 4.62%.

Wall Street Analyst Weigh In

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

About Graham

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.