Graham (NYSE:GHC) Hits New 12-Month High - Here's Why

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 share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $1,020.00 and last traded at $1,019.31, with a volume of 17749 shares. The stock had previously closed at $994.48.

Wall Street Analyst Weigh In

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

Graham Stock Performance

The company has a 50-day moving average of $940.16 and a 200 day moving average of $939.83. 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 firm has a market capitalization of $4.52 billion, a PE ratio of 6.66 and a beta of 0.88.

Graham (NYSE:GHC - Get Free Report) last posted its quarterly earnings data 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. Graham had a return on equity of 6.79% and a net margin of 14.10%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion.

Hedge Funds Weigh In On Graham

A number of hedge funds and other institutional investors have recently modified their holdings of GHC. Spire Wealth Management raised its position in 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 purchasing an additional 20 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Graham by 68.8% during the 2nd quarter. UMB Bank n.a. now owns 27 shares of the company's stock worth $26,000 after acquiring an additional 11 shares during the period. GAMMA Investing LLC grew its stake in shares of Graham by 55.0% in the 2nd quarter. GAMMA Investing LLC now owns 31 shares of the company's stock worth $29,000 after buying an additional 11 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Graham by 216.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 38 shares of the company's stock worth $37,000 after buying an additional 26 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Graham during the 1st quarter valued at $40,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

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