Graham (NYSE:GHC) Hits New 1-Year High - Still a Buy?

Key Points

• Graham Holdings Company shares reached a new 52-week high of $1,020.00, closing at $1,019.31 with a trading volume of 17,749 shares.
• Following the peak, Wall Street Zen downgraded the stock's rating from "strong-buy" to "buy" on April 23rd.
• In its latest earnings report, the company surpassed analysts' expectations with an EPS of $14.33, significantly higher than the predicted $10.15.

Graham Holdings Company (NYSE:GHC - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $1,020.00 and last traded at $1,019.31, with a volume of 17749 shares trading hands. The stock had previously closed at $994.48.

Wall Street Analysts Forecast Growth

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

Graham Trading Up 0.1%

The firm has a market capitalization of $4.65 billion, a PE ratio of 6.84 and a beta of 0.88. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The business's fifty day moving average price is $948.14 and its 200 day moving average price is $943.63.

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

Institutional Investors Weigh In On Graham

A number of hedge funds and other institutional investors have recently modified their holdings of GHC. Spire Wealth Management grew its holdings in shares of Graham by 333.3% during the first quarter. Spire Wealth Management now owns 26 shares of the company's stock worth $25,000 after buying an additional 20 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Graham by 68.8% during the second quarter. UMB Bank n.a. now owns 27 shares of the company's stock worth $26,000 after buying an additional 11 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Graham by 55.0% during the second quarter. GAMMA Investing LLC now owns 31 shares of the company's stock worth $29,000 after buying an additional 11 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Graham by 216.7% in the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company's stock valued at $37,000 after purchasing an additional 26 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Graham in the first quarter valued at approximately $40,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

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.