Graham (NYSE:GHC) Sees Unusually-High Trading Volume - Still a Buy?

Graham Holdings (NYSE:GHC - Get Free Report) shares saw strong trading volume on Tuesday . 40,169 shares changed hands during trading, an increase of 106% from the previous session's volume of 19,516 shares.The stock last traded at $954.96 and had previously closed at $958.67.

Analysts Set New Price Targets

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

Graham Stock Down 0.7%

The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $939.59 and a 200-day simple moving average of $929.22. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 18.64 and a beta of 0.93.

Graham (NYSE:GHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 earnings per share for the quarter, beating the consensus estimate of $11.29 by $0.35. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. Graham had a return on equity of 5.79% and a net margin of 4.86%.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, July 17th. Graham's dividend payout ratio is 5.05%.

Institutional Investors Weigh In On Graham

Several hedge funds have recently modified their holdings of the stock. Spire Wealth Management raised its position in Graham by 333.3% during 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 during the period. Smartleaf Asset Management LLC raised its position in Graham by 55.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock valued at $27,000 after buying an additional 11 shares during the period. Nisa Investment Advisors LLC raised its position in Graham by 216.7% during 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 during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in Graham during the first quarter valued at $40,000. Finally, CWM LLC raised its position in Graham by 100.0% during the first quarter. CWM LLC now owns 42 shares of the company's stock valued at $40,000 after buying an additional 21 shares during the period. 93.16% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.