Graham (NYSE:GHC) Reaches New 12-Month High - Here's What Happened

Key Points

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Shares of Graham Holdings Company (NYSE:GHC - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,076.50 and last traded at $1,082.00, with a volume of 6071 shares changing hands. The stock had previously closed at $1,063.01.

Analyst Upgrades and Downgrades

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

Graham Stock Performance

The firm has a market capitalization of $4.68 billion, a PE ratio of 6.91 and a beta of 0.88. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The stock's 50 day moving average price is $950.46 and its two-hundred day moving average price is $944.63.

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

Hedge Funds Weigh In On Graham

Several large investors have recently modified their holdings of GHC. Wells Fargo & Company MN lifted its position in shares of Graham by 19.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,372 shares of the company's stock worth $2,068,000 after purchasing an additional 384 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Graham by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,269 shares of the company's stock worth $1,979,000 after acquiring an additional 72 shares during the period. Russell Investments Group Ltd. raised its stake in Graham by 865.3% during the fourth quarter. Russell Investments Group Ltd. now owns 473 shares of the company's stock worth $412,000 after acquiring an additional 424 shares during the period. Bank of Montreal Can raised its stake in Graham by 10.7% during the fourth quarter. Bank of Montreal Can now owns 674 shares of the company's stock worth $588,000 after acquiring an additional 65 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Graham by 78.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,504 shares of the company's stock worth $2,183,000 after acquiring an additional 1,099 shares during the period. Institutional investors own 93.16% of the company's stock.

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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