Graham (NYSE:GHC) Reaches New 12-Month High - What's Next?

Key Points

• Graham Holdings Company's stock reached a new 52-week high of $1,200.00, trading recently at $1,139.27 with a market cap of $4.97 billion and a P/E ratio of 7.31.
• The company reported $14.33 earnings per share, exceeding analyst expectations of $10.15, and announced a quarterly dividend of $1.80 per share with a yield of 0.6%.
• Institutional investors have shown increased interest, with AQR Capital Management raising its stake in Graham by 58.8%, now holding 93,253 shares valued at approximately $88.2 million.

Graham Holdings Company (NYSE:GHC - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $1,200.00 and last traded at $1,139.27, with a volume of 54841 shares. The stock had previously closed at $1,159.92.

Graham Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 7.31 and a beta of 0.89. The company has a 50-day simple moving average of $1,018.04 and a two-hundred day simple moving average of $968.40.

Graham (NYSE:GHC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, topping analysts' consensus estimates of $10.15 by $4.18. The business had revenue of $1.22 billion for 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.6%. Graham's payout ratio is presently 4.62%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GHC. AQR Capital Management LLC grew its holdings in Graham by 58.8% in the 2nd quarter. AQR Capital Management LLC now owns 93,253 shares of the company's stock valued at $88,233,000 after buying an additional 34,524 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Graham by 91.9% during the 2nd quarter. First Trust Advisors LP now owns 43,703 shares of the company's stock valued at $41,350,000 after acquiring an additional 20,932 shares during the period. GAMMA Investing LLC lifted its position in shares of Graham by 128,013.3% during the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock valued at $18,465,000 after acquiring an additional 19,202 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Graham during the 2nd quarter valued at $10,206,000. Finally, Nuveen LLC bought a new stake in shares of Graham during the 1st quarter valued at $8,351,000. 93.16% of the stock is owned by institutional investors and hedge funds.

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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