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

Key Points

• Graham Holdings Company's stock price reached a new 52-week high of $1,145.96 during mid-day trading, demonstrating strong market performance with a last traded price of $1,136.88.
• The company reported $14.33 earnings per share for the last quarter, significantly surpassing the consensus estimate of $10.15 and achieving a revenue of $1.22 billion.
• Institutional investors have notably increased their stakes in Graham, with 93.16% of the stock now owned by institutional investors and hedge funds, indicating strong confidence in the company's future.

Graham Holdings Company (NYSE:GHC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $1,145.96 and last traded at $1,136.88, with a volume of 1405 shares. The stock had previously closed at $1,138.85.

Graham Stock Up 1.2%

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $1,000.05 and a 200-day simple moving average of $962.63. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 7.40 and a beta of 0.89.

Graham (NYSE:GHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.18 billion.

Institutional Trading of Graham

Hedge funds and other institutional investors have recently made changes to their positions in the business. Spire Wealth Management increased its stake in shares of Graham by 333.3% in the first quarter. Spire Wealth Management now owns 26 shares of the company's stock valued at $25,000 after buying an additional 20 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Graham by 68.8% in the second quarter. UMB Bank n.a. now owns 27 shares of the company's stock valued at $26,000 after buying an additional 11 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Graham by 55.0% in the second quarter. GAMMA Investing LLC now owns 31 shares of the company's stock valued at $29,000 after buying an additional 11 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of 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 buying an additional 26 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Graham in the first quarter valued at $40,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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